HS Code:
The category 'Mixtures of acyclic, monohydric, unsubstituted alcohols' (likely corresponding to HS Code 3824.99 or a related subheading under Chapter 38 for miscellaneous chemical products) includes preparations and mixtures of alcohols that are acyclic (straight or branched chain), monohydric (containing one hydroxyl group), and unsubstituted (no additional functional groups). These mixtures are often used as intermediates in chemical synthesis, solvents, or in the production of industrial products such as paints, coatings, and cleaning agents. This category excludes pure alcohols and focuses on blended or mixed compositions used across various industries.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for eco-friendly solvents
Increased production of bio-based alcohol mixtures to meet sustainability goals, driving market growth in regions with strict environmental regulations.
2021-2023
Growth in industrial applications
Higher consumption in paints, coatings, and cleaning industries due to urbanization and industrial expansion in Asia-Pacific.
2020-2022
Supply chain disruptions
Delays and cost increases due to global shipping constraints and raw material shortages post-COVID-19.
2021-2022
The European Union introduced stricter guidelines under REACH for chemical mixtures, including acyclic alcohols, focusing on reducing environmental impact.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant producers.
A new phase of trade negotiations reduced tariffs on chemical products, including alcohol mixtures, between the US and China.
January 2023
Boosted trade volumes between the two countries, with China increasing imports of US-made mixtures.
Major chemical companies in Germany and the Netherlands announced investments in bio-based alcohol mixtures to cater to growing demand for sustainable products.
July 2022
Expected to shift market dynamics towards greener alternatives, influencing global trade patterns.