HS Code:
The category includes Mixtures of Disperse Red 1042A (5-[2-(2-cyano-4-nitrophenyl)diazenyl]-2-[[2-(2-hydroxyethoxy)ethyl]amino]-4-methyl-6-(phenylamino)-3-pyridine carbonitrile, CAS No. 149988-44-3) and Disperse Red 1042B (5-[(2-cyano-4-nitrophenyl)diazenyl]-6-[[2-(2-hydroxyethoxy)ethyl]amino]-4-methyl-2-(phenylamino)-3-pyridine carbonitrile, CAS No. 137428-29-6), classified under HS Code 3204.11.35. These are synthetic organic coloring matter, specifically disperse dyes, primarily used in the textile industry for dyeing synthetic fibers such as polyester. These compounds are known for their vibrant red hues and excellent color fastness properties under various conditions.
Total Trade Volume
Approximately $120 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$50 million USD
41.7% of total trade of total trade
Increasing
$30 million USD
25.0% of total trade of total trade
Increasing
$15 million USD
12.5% of total trade of total trade
Stable
$10 million USD
8.3% of total trade of total trade
Stable
$8 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable dyes
Increased R&D investments in eco-friendly disperse dye formulations to meet stringent environmental regulations, potentially increasing costs but opening new market segments.
2021-2023
Shift towards Asia-Pacific production
Lower production costs and proximity to textile manufacturing hubs in China and India have shifted trade dominance to these regions, impacting Western producers.
2019-2022
Technological advancements in dye application
Innovations in dyeing techniques have improved efficiency and reduced water usage, boosting demand for high-performance dyes like Disperse Red 1042A and 1042B.
2020-2023
The European Union updated its REACH regulations, imposing stricter limits on hazardous substances in synthetic dyes, including disperse dyes like Disperse Red 1042A and 1042B.
January 2023
Exporters to the EU must ensure compliance, potentially increasing production costs but also enhancing product safety credentials.
China adjusted its export tax rebate policy for chemical products, including synthetic dyes, to encourage domestic value addition.
March 2022
Slight reduction in export competitiveness for Chinese manufacturers, potentially benefiting competitors in India and South Korea.
A leading Indian manufacturer introduced a low-impact variant of Disperse Red dyes, aligning with global sustainability trends.
September 2022
Increased market share for sustainable products, pressuring traditional dye producers to innovate.