HS Code:
Phytosphingosine ((2S,3S,4R)-2-amino-1,3,4-octadecanetriol) with CAS No. 13552-11-9, classified under HS subheading 2922.19.96, is a naturally occurring sphingolipid commonly used in the cosmetic and pharmaceutical industries. It serves as a key ingredient in skincare products due to its moisturizing, anti-inflammatory, and antimicrobial properties. This compound is often incorporated into formulations for anti-aging creams, moisturizers, and treatments for skin conditions like eczema and acne. Global trade of Phytosphingosine is driven by the growing demand for natural and bioactive ingredients in personal care products.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$15 million USD
30% 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
$7 million USD
14% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for natural skincare ingredients
Increased imports of Phytosphingosine in regions with strong cosmetic industries like South Korea and the EU
2021-2023
Shift towards sustainable sourcing
Manufacturers are focusing on bio-based production methods, influencing supply chains and trade patterns
2022-2023
Growth in anti-aging product market
Higher demand for Phytosphingosine as a key active ingredient, especially in North America and Asia-Pacific
2020-2023
The European Union updated its REACH regulations, imposing stricter safety assessments for bioactive compounds like Phytosphingosine used in cosmetics.
June 2023
Potential increase in compliance costs for exporters to the EU, possibly affecting trade volumes temporarily.
Major South Korean manufacturers announced investments in expanding Phytosphingosine production to meet global demand.
March 2023
Expected to strengthen South Korea's position as the leading exporter, potentially lowering global prices due to increased supply.
A bilateral agreement reduced tariffs on certain chemical compounds used in cosmetics, including Phytosphingosine, between the US and China.
January 2023
Likely to boost trade volumes between the two countries, benefiting US importers and Chinese exporters.