HS Code:
N-Butylthiophosphoric triamide (NBPT, CAS No. 94317-64-3) is a chemical compound classified under HS Code 2929.90.50, which pertains to other compounds with other nitrogen functions. NBPT is primarily used as a urease inhibitor in agricultural applications, particularly in fertilizers, to reduce nitrogen loss by inhibiting the hydrolysis of urea into ammonia. This compound plays a critical role in enhancing the efficiency of nitrogen fertilizers, thereby supporting sustainable farming practices. It is a niche product with specialized industrial and agricultural applications, and its trade is influenced by agricultural demand, regulatory frameworks, and environmental policies globally.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade, ITC Trade Map, and industry reports
$15 million USD
30% of total trade of total trade
Increasing
$12 million USD
24% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Increasing
$4 million USD
8% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (in certain developing markets with protective agricultural policies)
Lowest Rate
0% (under free trade agreements or for specific agricultural inputs in the EU and US)
Growing demand for sustainable agriculture
Increased adoption of urease inhibitors like NBPT in fertilizers to minimize nitrogen loss and improve crop yield efficiency, particularly in North America and Europe
2021-2023
Rising production in Asia-Pacific
China and India are scaling up production capacities for NBPT due to lower manufacturing costs and increasing domestic agricultural demand, affecting global price competitiveness
2020-2022
Regulatory scrutiny on chemical fertilizers
Stricter environmental regulations in the EU and other regions are pushing for eco-friendly alternatives, which could limit NBPT use unless paired with green certifications
2022-2023
The European Union introduced new guidelines under the EU Fertilizing Products Regulation (2019/1009) that include stricter controls on urease inhibitors like NBPT, requiring detailed environmental impact assessments for market approval.
June 2022
Potential delays in market entry for NBPT products in the EU, but also an opportunity for manufacturers to innovate and meet sustainability standards.
A bilateral agreement reduced tariffs on certain agricultural chemicals, including NBPT, to facilitate trade and support farming sectors amidst rising fertilizer costs.
March 2023
Increased export opportunities for Chinese NBPT producers to the US market, potentially lowering prices for American farmers.
A major agrochemical company announced the opening of a new NBPT production facility in Brazil to cater to the growing South American market for nitrogen-efficient fertilizers.
September 2023
Expected to reduce import dependency in the region and stabilize local supply chains for NBPT, influencing trade patterns in Latin America.