HS Code:
Potassium Ferrocyanide (CAS No. 14459-95-1), classified under HS subheading 2837.20.51, is a chemical compound primarily used as an anti-caking agent in salt and as a component in various industrial applications, including the production of pigments, dyes, and in the pharmaceutical industry. It is a coordination compound with the formula K4[Fe(CN)6]ยท3H2O and appears as a yellow crystalline solid. Due to its chemical properties, it is also utilized in analytical chemistry and as a reagent in various processes.
Total Trade Volume
Approximately 15,000 metric tons
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
6,000 metric tons
40% of total trade of total trade
Increasing
3,000 metric tons
20% of total trade of total trade
Stable
2,000 metric tons
13% of total trade of total trade
Decreasing
1,500 metric tons
10% of total trade of total trade
Increasing
1,000 metric tons
7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in food processing industry
Increased use as an anti-caking agent in table salt and other food products is driving demand, particularly in emerging markets.
2021-2022
Shift towards sustainable production methods
Manufacturers are adopting greener synthesis processes to reduce environmental impact, influencing production costs and market prices.
2020-2022
Regulatory tightening in developed markets
Stricter regulations on chemical usage in the EU and North America are affecting export volumes and requiring compliance investments.
2019-2022
The European Union updated its REACH regulations, imposing stricter guidelines on the handling and usage of potassium ferrocyanide to ensure environmental and consumer safety.
March 2023
Exporters to the EU market must invest in compliance measures, potentially increasing costs but ensuring market access.
Major Chinese manufacturers announced expansions in production facilities for potassium ferrocyanide to meet rising global demand, especially in Asia-Pacific regions.
January 2023
This could lead to a potential oversupply, lowering global prices and intensifying competition.
The United States introduced a temporary tariff increase on certain chemical imports, including potassium ferrocyanide, as part of broader trade policy adjustments.
September 2022
This may reduce import volumes to the US, redirecting trade flows to other markets like South America and Southeast Asia.