HS Code:
Naphthalic anhydride, classified under HS Code 291735, is an organic compound primarily used as an intermediate in the production of dyes, pigments, and fluorescent whitening agents. It is also utilized in the synthesis of polyimide resins, which are crucial for high-performance plastics and films used in electronics and aerospace industries. This chemical compound is derived from naphthalene and is critical in various industrial applications due to its reactive anhydride group.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
10% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for high-performance polymers
Increased demand for naphthalic anhydride as a precursor for polyimide production in electronics and automotive sectors
2021-2022
Shift towards sustainable production methods
Growing adoption of greener synthesis processes to reduce environmental impact, influencing production costs and trade dynamics
2020-2022
Fluctuating raw material prices
Volatility in naphthalene prices affects the cost structure and trade competitiveness of naphthalic anhydride
2019-2022
The European Union introduced anti-dumping duties ranging from 5% to 8% on naphthalic anhydride imports from China to protect domestic producers from unfair pricing practices.
March 2023
Potential shift in trade flows as European buyers may source from alternative countries like Japan or South Korea.
A leading chemical manufacturer in Germany announced the opening of a new facility dedicated to naphthalic anhydride production, aiming to meet growing European demand.
January 2023
Increased supply capacity in Europe, potentially reducing import dependency and stabilizing regional prices.
Recent negotiations between the US and China included discussions on reducing tariffs on chemical intermediates, including naphthalic anhydride, as part of broader trade talks.
November 2022
Possible reduction in trade barriers, fostering increased exports from China to the US market.