HS Code:
Preparations containing tetrakis[2,4-bis(2-methyl-2-propanyl)phenyl] 4,4'-biphenyldiylbis(phosphonite) (CAS No. 119345-01-6) fall under HS subheading 3812.39.60. This category includes specific chemical preparations used primarily as antioxidants or stabilizers in the plastics and polymer industry. These compounds are designed to prevent degradation of materials due to heat, light, or oxygen exposure during processing or end-use. This niche chemical product is critical in industries such as automotive, packaging, and construction for enhancing the durability of plastic 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
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Growing demand for high-performance plastics
Increased need for stabilizers like tetrakis phosphonite preparations in automotive and electronics industries, driving trade volume upward by 5-7% annually.
2021-2023
Shift toward sustainable and bio-based stabilizers
Potential reduction in demand for traditional chemical stabilizers as industries adopt greener alternatives, though current adoption is slow.
2022-2025
Rising production in Asia-Pacific
Increased exports from China and South Korea due to lower production costs and expanding chemical manufacturing capabilities.
2020-2023
The European Union tightened restrictions on chemical stabilizers under REACH, requiring additional safety data for tetrakis phosphonite preparations.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume by 2-3% in the short term.
Negotiations included discussions on reducing tariffs for specialty chemicals, potentially benefiting this product category.
September 2022
Possible tariff reductions could boost trade between the two countries by 5% if finalized.
A major chemical manufacturer opened a facility dedicated to producing advanced stabilizers, including tetrakis phosphonite preparations.
January 2023
Expected to increase South Korea’s export share by 3-4% over the next two years.