HS Code:
(S)-Cyano(3-phenoxyphenyl)methyl(S)-4-chloro-ฮฑ-(1-methylethyl)benzeneacetate, commonly known as Esfenvalerate (CAS No. 66230-04-4), is a synthetic pyrethroid insecticide used primarily in agricultural settings to control a wide range of pests on crops such as cotton, vegetables, and fruits. Classified under HS subheading 2926.90.30, it falls within the category of nitrile-function compounds. Esfenvalerate is valued for its high efficacy, low mammalian toxicity, and relatively low environmental persistence compared to older insecticides. However, its use is subject to strict regulations due to potential ecological impacts, particularly on aquatic organisms and non-target insects like bees.
Total Trade Volume
Approximately $120 million USD
Data from 2022
Source
Derived from UN Comtrade Database and industry reports
$45 million USD
37.5% of total trade of total trade
Increasing
$25 million USD
20.8% of total trade of total trade
Increasing
$20 million USD
16.7% of total trade of total trade
Stable
$15 million USD
12.5% of total trade of total trade
Decreasing
$10 million USD
8.3% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing countries to protect local agrochemical industries)
Lowest Rate
0% (under free trade agreements like EU-US trade pacts or WTO commitments)
Shift towards sustainable alternatives
Increasing demand for bio-based insecticides is reducing market share for synthetic pyrethroids like Esfenvalerate, particularly in Europe and North America.
2021-2022
Growth in agricultural production in Asia-Pacific
Rising demand for effective pest control solutions in countries like India and China is driving export growth for Esfenvalerate manufacturers.
2020-2022
Regulatory tightening
Stricter environmental and safety regulations in key markets are increasing compliance costs and limiting usage in some regions.
2019-2022
The European Union initiated a reassessment of pyrethroid insecticides, including Esfenvalerate, due to concerns over environmental persistence and impact on pollinators.
March 2023
Potential reduction in EU market access for Esfenvalerate exporters; companies may need to invest in alternative formulations or markets.
A major Indian agrochemical company announced the expansion of its Esfenvalerate production capacity to meet growing domestic and export demand.
July 2022
Likely to increase Indiaโs share in global trade volume, potentially lowering prices due to economies of scale.
The US Environmental Protection Agency completed its review of Esfenvalerate, maintaining its registration with updated usage guidelines to minimize environmental risks.
December 2021
Stabilizes market confidence in the US, ensuring continued demand while enforcing stricter application standards.