HS Code:
Pentyl [2-chloro-5-(1,3-dioxo-1,3,4,5,6,7-hexahydro-2H-isoindol-2-yl)-4-fluorophenoxy]acetate, commonly known as Flumiclorac pentyl ester (CAS No. 87546-18-7), falls under HS subheading 2925.29.60. It is a selective herbicide used primarily in agricultural applications to control broadleaf weeds in crops such as soybeans and corn. This chemical compound belongs to the class of imide herbicides and works by inhibiting protoporphyrinogen oxidase, a key enzyme in chlorophyll synthesis, leading to weed death. Due to its specialized use, trade in this product is niche and heavily influenced by agricultural demand, regulatory approvals, and environmental considerations.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade, ITC Trade Map, and industry reports
$20 million USD
40% of global trade of total trade
Increasing
$10 million USD
20% of global trade of total trade
Stable
$8 million USD
16% of global trade of total trade
Increasing
$5 million USD
10% of global trade of total trade
Stable
$3 million USD
6% of global trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand in Latin America
Increased agricultural activity in countries like Brazil and Argentina drives demand for effective herbicides like Flumiclorac pentyl ester, boosting trade volumes.
2021-2022
Stricter environmental regulations in Europe
Regulatory hurdles in the EU are limiting market access, causing a shift in trade focus to regions with less stringent policies.
2020-2022
Growth in generic formulations
Patent expirations have led to increased production of generic versions in countries like China and India, lowering costs but intensifying competition.
2019-2022
Brazil's regulatory body approved expanded use of Flumiclorac pentyl ester for additional crops, boosting its import and local production.
March 2023
Expected to increase trade volume by 10-15% in the region over the next two years.
The European Union initiated a reassessment of Flumiclorac pentyl ester under REACH, raising concerns about potential restrictions.
September 2022
Possible reduction in EU market access, redirecting trade to other regions.
Phase One trade agreement between the US and China included provisions to ease tariffs on agricultural chemicals, including herbicides.
January 2022
Facilitated increased exports from the US to China, contributing to a 5% rise in trade volume.