HS Code:
Potassium Ferricyanide (CAS No. 13746-66-2), classified under HS Code 2837.20.10, is an inorganic compound commonly used in various industrial applications, including photography, blueprinting, and as a reagent in chemical synthesis and analytical chemistry. It appears as bright red crystals and is also known as red prussiate of potash. Due to its chemical properties, it is often utilized in electroplating, dyeing, and the production of pigments. The global trade of Potassium Ferricyanide is relatively niche but significant in specific industrial sectors, driven by demand in chemical manufacturing and research applications.
Total Trade Volume
Approximately $10 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$3.2 million USD
32% of total trade of total trade
Increasing
$2.5 million USD
25% of total trade of total trade
Stable
$1.8 million USD
18% of total trade of total trade
Increasing
$1.0 million USD
10% of total trade of total trade
Stable
$0.8 million USD
8% of total 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 EU-USMCA)
Rising demand in analytical chemistry
Increased trade volume due to growing use in laboratory reagents and research applications
2021-2022
Shift towards sustainable chemical production
Moderate impact on supply chains as producers adopt greener synthesis methods
2020-2022
Growth in electroplating industry
Boost in demand from metal finishing industries, particularly in Asia-Pacific
2019-2022
The European Union has updated REACH regulations, imposing stricter documentation and safety checks for Potassium Ferricyanide imports to ensure environmental and human safety.
March 2023
Potential delays in shipments to EU countries and increased compliance costs for exporters
Chinese manufacturers have ramped up production of Potassium Ferricyanide to meet domestic and international demand, focusing on cost-effective synthesis.
July 2022
Increased global supply, potentially leading to price reductions and higher competition
The U.S. Environmental Protection Agency (EPA) introduced updated guidelines for handling and importing Potassium Ferricyanide due to its potential environmental hazards.
January 2023
Slight increase in import costs due to additional safety compliance requirements