HS Code:
N-(3,5-Dimethylbenzoyl)-3-methoxy-2-methyl-N-(2-methyl-2-propanyl)benzohydrazide, commonly known as Methoxyfenozide (CAS No. 161050-58-4), is a chemical compound classified under HS Code 2928.00.25. It is an insect growth regulator used primarily as an insecticide in agriculture to control lepidopteran pests on crops such as fruits, vegetables, and cotton. Methoxyfenozide works by mimicking the action of the insect molting hormone, leading to premature molting and death of the pest. It is considered a low-toxicity alternative to traditional insecticides, with minimal impact on non-target organisms and the environment. This product falls under the category of organic derivatives of hydrazine or hydroxylamine, often used in specialized agricultural applications.
Total Trade Volume
Approximately $120 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$45 million USD
37.5% 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
Increasing
Average Rate
5.2% ad valorem
Highest Rate
8.5% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU trade pacts)
Rising demand for eco-friendly insecticides
Increased adoption of Methoxyfenozide due to its low toxicity and specificity to target pests, driven by global push for sustainable agriculture.
2021-2023
Growth in organic farming
Limited growth in some organic markets due to restrictions on synthetic chemicals, though Methoxyfenozide is often approved for integrated pest management (IPM) programs.
2020-2022
Regulatory tightening in key markets
Stricter regulations in the EU and other regions on pesticide residues may impact export potential, requiring compliance with maximum residue limits (MRLs).
2022-2023
The European Union re-approved the use of Methoxyfenozide under updated safety guidelines, allowing continued market access for exporters.
March 2023
Positive for exporters to the EU, ensuring stable demand in a key market despite stringent regulations.
A major Chinese agrochemical company announced the opening of a new production facility for Methoxyfenozide to meet growing domestic and international demand.
July 2022
Increased supply may lead to competitive pricing, benefiting importers but potentially pressuring profit margins for other producers.
The US Environmental Protection Agency completed its review of Methoxyfenozide, confirming its safety for use under current guidelines.
October 2022
Reinforces market confidence in the product, ensuring continued high trade volumes in the US, the largest market.