HS Code:
Propyl gallate (Propyl 3,4,5-trihydroxybenzoate, CAS No. 121-79-9) is an antioxidant used primarily in the food, cosmetics, and pharmaceutical industries to prevent oxidation and spoilage. Classified under HS Code 2918.29.75, it falls within the broader category of carboxylic acids with additional oxygen functions. This chemical compound is often synthesized from gallic acid and propanol and is crucial in extending the shelf life of products by inhibiting rancidity in fats and oils. Global trade in propyl gallate reflects its importance in industrial applications, with demand driven by food safety regulations and the growing processed food sector.
Total Trade Volume
Approximately $25 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$10 million USD
40% of total trade of total trade
Increasing
$5 million USD
20% of total trade of total trade
Stable
$3.5 million USD
14% of total trade of total trade
Increasing
$2.5 million USD
10% of total trade of total trade
Increasing
$2 million USD
8% 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 like EU-USMCA)
Rising demand in food preservation
Increased trade volume due to growth in processed food industry, particularly in Asia-Pacific
2021-2023
Shift towards natural antioxidants
Potential reduction in demand for synthetic antioxidants like propyl gallate as consumers prefer natural alternatives
2022-2023
Stringent regulatory frameworks
Higher compliance costs for exporters to meet safety and quality standards in major markets like the EU and US
2020-2023
The European Union revised the acceptable usage levels of propyl gallate in food products to ensure consumer safety, impacting exporters to the region.
March 2023
Exporters to the EU must adjust production to meet stricter guidelines, potentially increasing costs.
Major Chinese manufacturers announced investments in expanding propyl gallate production facilities to meet growing global demand.
July 2022
Increased supply from China may lead to competitive pricing and higher market share.
The US granted temporary tariff waivers on certain chemical imports, including propyl gallate, to support domestic food processing industries.
December 2022
Reduced costs for US importers, potentially boosting trade volume from key exporters like China and India.