HS Code:
Potassium stannate (HS Code: 2841.90) is a chemical compound classified under the Harmonized System as a salt of inorganic acids or peroxoacids. It is primarily used in the electroplating industry for tin plating, as well as in the production of ceramics, glass, and as a catalyst in chemical reactions. This product category plays a niche but critical role in industrial applications, particularly in metal finishing and surface treatment processes. Its trade is influenced by industrial demand in sectors such as automotive, electronics, and manufacturing.
Total Trade Volume
Approximately USD 15 million
Data from 2022
Source
United Nations Comtrade Database
USD 5.2 million
34.7% of total trade of total trade
Increasing
USD 3.1 million
20.7% of total trade of total trade
Stable
USD 2.8 million
18.7% of total trade of total trade
Increasing
USD 1.5 million
10.0% of total trade of total trade
Stable
USD 1.0 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in electronics manufacturing
Increased need for potassium stannate in tin plating for circuit boards and components, driving trade volume up by 8% annually
2021-2022
Shift towards sustainable plating technologies
Pressure on manufacturers to adopt eco-friendly alternatives, potentially reducing demand for traditional potassium stannate in some regions
2022-2023
Rising production costs due to raw material scarcity
Higher tin prices impacting the cost of potassium stannate, leading to price volatility in international markets
2020-2022
Major chemical manufacturers in China announced investments in new production facilities for potassium stannate to meet rising global demand, especially from the electronics sector.
March 2023
Likely to increase China's export share and potentially lower global prices due to economies of scale.
The European Union introduced new REACH regulations affecting the import and use of potassium stannate, requiring additional safety documentation.
January 2023
May lead to reduced imports into the EU or increased compliance costs for exporters.
An updated trade agreement between the US and Japan reduced tariffs on industrial chemicals, including potassium stannate, to 0% for bilateral trade.
October 2022
Expected to boost trade volumes between the two countries, benefiting Japanese exporters.