HS Code:
Sodium 4-({3-[(E)-(2-methyl-4-{[(4-methylphenyl)sulfonyl]oxy}phenyl)diazenyl]phenyl}amino)-3-nitrobenzenesulfonate, commonly known as Acid Orange 67 (CAS No. 12220-06-3), is a synthetic organic dye classified under HS Code 3204.12.45. This product falls under the category of acid dyes, which are water-soluble anionic dyes primarily used for dyeing wool, silk, and nylon. Acid Orange 67 is known for its vibrant orange color and is often utilized in the textile industry for fabrics and in other applications like leather dyeing and paper coloring. Its chemical structure includes azo and nitro groups, contributing to its dyeing properties and stability.
Total Trade Volume
Approximately $12.5 million USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$5.2 million USD
41.6% of total trade of total trade
Increasing
$3.8 million USD
30.4% of total trade of total trade
Increasing
$1.5 million USD
12.0% of total trade of total trade
Stable
$1.0 million USD
8.0% of total trade of total trade
Decreasing
$0.5 million USD
4.0% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in textile industry
Increased production in Asia-Pacific due to rising textile exports, driving up trade volume by 8% annually.
2021-2022
Shift towards sustainable dyes
Pressure on manufacturers to develop eco-friendly alternatives, potentially reducing demand for traditional acid dyes like Acid Orange 67.
2022
Regulatory tightening in Europe
Stricter EU regulations on chemical dyes have led to a 5% decline in imports to the region.
2020-2022
The European Union introduced updated REACH restrictions on azo dyes, including Acid Orange 67, requiring additional safety data and compliance measures for importers.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume by 3-5% in the short term.
China implemented tax rebates for chemical dye exports, including Acid Orange 67, to boost competitiveness in the global market.
January 2023
Strengthened China's position as the leading exporter, with a projected 10% increase in export volume for 2023.
India's government launched initiatives to support the textile industry, increasing domestic production and export of dyes like Acid Orange 67.
September 2022
Enhanced India's market share, contributing to a 7% rise in global trade volume from the country.