HS Code:
Methylcyclohexanones (HS Code: 291422) are cyclic ketones used primarily as intermediates in the chemical industry for the production of pharmaceuticals, agrochemicals, and fragrances. They are key components in the synthesis of various compounds due to their reactive ketone group and cyclic structure. The global trade of Methylcyclohexanones reflects the demand in industries requiring specialized chemical intermediates, with significant production and consumption in regions with advanced chemical manufacturing capabilities.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in pharmaceutical intermediates
Increased production and export from major chemical hubs like Germany and China due to growing pharmaceutical manufacturing needs.
2021-2022
Shift towards sustainable chemical processes
Manufacturers are adopting greener synthesis methods for Methylcyclohexanones, influencing trade patterns as eco-friendly products gain preference.
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary shortages and price volatility in key markets due to trade restrictions and logistics challenges.
2022
The European Union introduced stricter safety and environmental standards for importing cyclic ketones, including Methylcyclohexanones, to ensure compliance with REACH regulations.
March 2023
Potential increase in compliance costs for exporters to the EU, possibly affecting trade volumes from non-EU countries.
Several Chinese chemical manufacturers announced investments in expanding Methylcyclohexanone production facilities to meet growing domestic and international demand.
July 2022
Likely to reinforce China's position as a leading exporter, potentially lowering global prices due to increased supply.
Negotiations between the US and China included discussions on reducing tariffs for chemical intermediates like Methylcyclohexanones as part of broader trade talks.
September 2023
If successful, this could boost bilateral trade and stabilize prices in the US market.