HS Code:
p-Aminobenzamide (4-Aminobenzamide) (CAS No 2835-68-9) falls under HS Code 2924.29.77, which covers cyclic amides (including cyclic carbamates) and their derivatives. This chemical compound is primarily used as an intermediate in the synthesis of pharmaceuticals, dyes, and other organic compounds. It plays a crucial role in the chemical industry, particularly in the production of active pharmaceutical ingredients (APIs) and specialty chemicals. The global trade of this product is driven by demand in the pharmaceutical and chemical manufacturing sectors, with significant production and consumption in countries with advanced chemical industries.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, ITC Trade Map
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$7 million USD
14% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in pharmaceutical applications
Increased production and trade volume due to rising need for APIs and drug intermediates, particularly in Asia-Pacific regions
2021-2022
Shift toward sustainable chemical production
Pressure on manufacturers to adopt greener synthesis methods, potentially increasing production costs but opening new markets in eco-conscious regions
2022
Supply chain disruptions
Global supply chain challenges, including raw material shortages and shipping delays, have led to price volatility and trade bottlenecks
2021-2022
The European Union introduced stricter REACH compliance requirements for chemical intermediates like p-Aminobenzamide, mandating detailed safety data submissions.
January 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant suppliers.
China announced incentives for chemical manufacturers to boost exports, including tax rebates and streamlined export processes for compounds like p-Aminobenzamide.
March 2023
Likely to solidify China's dominance in the market, potentially leading to oversupply and price competition.
Ongoing negotiations between the US and India include discussions on reducing tariffs for chemical intermediates to boost bilateral trade.
June 2023
If successful, this could increase India's export share to the US, benefiting Indian manufacturers of p-Aminobenzamide.