HS Code:
N-[1-(4-Isopropoxy-2-methylphenyl)-2-methyl-1-oxopropan-2-yl]-3-methylthiophene-2-carboxamide, commonly known as Isofetamid (CAS No. 875915-78-9), is a chemical compound classified under HS subheading 2933.39.21. It is primarily used as a fungicide in agriculture to protect crops from various fungal diseases. Isofetamid belongs to the class of succinate dehydrogenase inhibitors (SDHI), which disrupt fungal respiration, making it effective against a wide range of plant pathogens. This product is typically traded as an active ingredient for pesticide formulations and is subject to strict regulatory oversight due to its chemical nature and environmental impact.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$18 million USD
36% of total trade of total trade
Increasing
$12 million USD
24% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$6 million USD
12% of total trade of total trade
Increasing
$4 million USD
8% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for sustainable fungicides
Increased adoption of Isofetamid due to its targeted action and lower environmental footprint compared to older fungicides
2021-2023
Regulatory tightening in key markets
Stricter regulations in the EU and North America may slow market entry but favor compliant, innovative products like Isofetamid
2022
Expansion in emerging agricultural markets
Rising agricultural output in countries like Brazil and India boosts demand for effective fungicides
2020-2023
The European Union approved the use of Isofetamid in specific crop protection formulations, following a detailed environmental and health safety assessment.
March 2022
Opens up a significant market in Europe, potentially increasing trade volume by 15-20% in the region.
A leading agrochemical company filed a patent for a novel Isofetamid-based formulation aimed at enhancing efficacy against resistant fungal strains.
July 2023
Could lead to increased market competitiveness and innovation, influencing global trade patterns.
Brazil updated its pesticide registration process, fast-tracking approvals for SDHI fungicides like Isofetamid to combat crop losses.
January 2023
Likely to boost imports into Brazil, strengthening its position in global trade share.