HS Code:
Pigment Yellow 12, classified under HS Code 320417, is an organic pigment widely used in the printing ink, paint, and plastics industries due to its bright yellow color and good lightfastness. It is available in dry form, as a presscake, or as an aqueous slurry, catering to different application needs. This pigment is part of the diarylide yellow family and is known for its cost-effectiveness and versatility in industrial applications. Global trade in Pigment Yellow 12 is influenced by demand in manufacturing hubs, particularly in the packaging and automotive sectors.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map and UN Comtrade Database
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-India FTA or USMCA)
Rising demand in Asia-Pacific for packaging inks
Increased export volumes from China and India to meet regional manufacturing needs, driving up trade by 8% annually
2021-2022
Shift towards eco-friendly pigments
Pressure on manufacturers to develop low-VOC and sustainable variants of Pigment Yellow 12, affecting production costs and pricing
2020-2022
Supply chain disruptions due to geopolitical tensions
Delays in raw material supply and increased shipping costs have led to a 5% rise in pigment prices globally
2022
The European Union updated REACH regulations, requiring additional safety data for pigments like Yellow 12 to ensure environmental compliance.
June 2023
Potential increase in compliance costs for exporters to the EU, possibly reducing trade volumes by 3-5% in the short term.
Major Chinese pigment manufacturers announced a 15% increase in production capacity for diarylide yellows to meet growing global demand.
March 2023
Likely to reinforce Chinaโs dominance in the market, potentially lowering global prices due to oversupply.
Negotiations for reduced tariffs on chemical products, including pigments, are underway between India and the US as part of broader trade discussions.
September 2023
If successful, could boost Indian exports to the US by 10%, impacting market share dynamics.