HS Code:
N-[Cyano(2-thienyl)methyl]-4-ethyl-2-(ethylamino)-1,3-thiazole-5-carboxamide, commonly known as Ethaboxam (CAS No. 162650-77-3), falls under HS Code subheading 2934.10.90. Ethaboxam is a systemic fungicide primarily used in agriculture to protect crops such as potatoes, grapes, and vegetables from diseases like late blight and downy mildew caused by oomycetes. It works by inhibiting fungal cell wall synthesis, offering both preventive and curative action. This chemical compound is part of the thiazole carboxamide chemical family and is traded globally as an active ingredient in formulated fungicidal products or as a raw material for pesticide manufacturing.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on UN Comtrade, ITC Trade Map, and industry reports
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries with protective agricultural policies)
Lowest Rate
0% (under free trade agreements or WTO commitments in major markets like the EU and US)
Growing demand for sustainable fungicides
Increased adoption of Ethaboxam due to its targeted action and lower environmental toxicity compared to older fungicides, driving market growth in regions with strict regulations like the EU.
2021-2023
Rise in oomycete-related crop diseases
Higher incidence of diseases like late blight in potatoes due to climate change has boosted demand for Ethaboxam, especially in North America and Europe.
2020-2022
Shift towards generic formulations
With patents for Ethaboxam expiring in key markets, generic manufacturers in countries like China and India are increasing production, leading to price competition.
2022-2023
Ethaboxam received regulatory approval for use in Brazil, one of the largest agricultural markets, for controlling late blight in potatoes and downy mildew in grapes.
March 2023
Expected to significantly increase trade volume to Latin America, with Brazil projected to become a top importer within two years.
The European Union initiated a reassessment of active ingredients in fungicides, including Ethaboxam, under the updated REACH framework to evaluate environmental impact.
July 2022
Potential for stricter usage guidelines or temporary bans, which could reduce trade to EU countries in the short term but encourage innovation in formulation.
A major South Korean agrochemical company expanded its production capacity for Ethaboxam to meet rising global demand, particularly in Asia-Pacific markets.
October 2022
Strengthens South Korea’s position as the leading exporter and may lead to more competitive pricing in the global market.