HS Code:
Mixtures of copper oxychloride (CAS No. 1332-40-7) and copper hydroxide (CAS No. 20427-59-2), classified under HS subheading 3808.92.30, are chemical compounds primarily used as fungicides in agriculture. These mixtures are effective in controlling fungal diseases in crops such as grapes, potatoes, and tomatoes. They are widely utilized in organic and conventional farming due to their broad-spectrum activity and relatively low environmental impact compared to synthetic fungicides. The global trade of these mixtures is influenced by agricultural demand, regulatory frameworks, and environmental policies.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
$60 million USD
24% of total trade of total trade
Increasing
$45 million USD
18% of total trade of total trade
Stable
$35 million USD
14% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$20 million USD
8% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising demand for sustainable agriculture
Increased adoption of copper-based fungicides as alternatives to synthetic chemicals, especially in organic farming, driving market growth in Europe and North America.
2021-2022
Stringent environmental regulations
Regulatory restrictions on copper usage in the EU due to soil accumulation concerns have led to reduced application rates, impacting trade volumes in certain markets.
2020-2022
Growth in emerging markets
Increased agricultural activity in Asia-Pacific and Latin America has boosted demand for cost-effective fungicides like copper mixtures, leading to higher export volumes from producing countries.
2019-2022
The European Union has further reduced the maximum allowable copper usage per hectare in agriculture to minimize environmental impact, affecting the import and use of copper oxychloride and hydroxide mixtures.
January 2023
Potential decrease in demand within EU markets, prompting exporters to focus on non-EU regions.
A major agrochemical manufacturer in India announced the opening of a new facility dedicated to copper-based fungicides, aiming to increase export capacity to Southeast Asia and Africa.
March 2023
Likely to increase global supply and competitiveness of Indian exports, potentially lowering prices.
The US Environmental Protection Agency (EPA) completed a review of copper-based fungicides, reaffirming their safety for use with updated guidelines on application rates.
July 2022
Stabilizes demand in the US market, ensuring continued trade volumes for exporters targeting North America.