HS Code:
The 'Other coloring matter and other preparations' category (HS Code: 3206) includes a variety of coloring materials and preparations not covered under other specific HS codes for dyes and pigments. This encompasses inorganic pigments, opacifiers, and other coloring agents used in industries such as paints, coatings, plastics, and ceramics. Products in this category are vital for manufacturing processes where color and opacity are critical, and they play a significant role in industrial and consumer goods production worldwide.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
26.7% of total trade
Increasing
USD 1.5 billion
14.3% of total trade
Stable
USD 1.2 billion
11.4% of total trade
Increasing
USD 0.9 billion
8.6% of total trade
Stable
USD 0.7 billion
6.7% of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for eco-friendly pigments
Increased R&D investments in sustainable and non-toxic coloring materials due to regulatory pressures and consumer preferences
2021-2022
Growth in Asia-Pacific manufacturing
Higher export volumes from China and India as key suppliers to global markets, driven by industrial growth in the region
2020-2022
Technological advancements in pigment production
Improved quality and efficiency in coloring matter production, leading to competitive pricing and broader application
2019-2022
The European Union updated its REACH regulations to impose stricter limits on hazardous substances in coloring materials, impacting exporters to the EU market.
January 2023
Increased compliance costs for exporters but improved safety standards for end-users.
The agreement included provisions to reduce tariffs on certain chemical products, including coloring matter, boosting trade between the two nations.
February 2020
Temporary relief for exporters, though long-term uncertainties remain due to geopolitical tensions.
India introduced new export incentives under the RoDTEP scheme for chemical products, including coloring matter, to enhance competitiveness in global markets.
August 2021
Strengthened Indiaโs position as a key exporter, particularly in the Asia-Pacific and Middle East regions.