HS Code:
Sodium acetate (HS Code: 29152910) is an organic sodium salt of acetic acid, commonly used in various industries including textiles (as a dyeing agent), food (as a buffer and preservative), and pharmaceuticals (as a buffering agent in dialysis solutions). It is also utilized in heating pads and hand warmers due to its ability to form a supersaturated solution that releases heat upon crystallization. The global trade of sodium acetate is influenced by industrial demand, raw material availability, and regional production capacities.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$60 million USD
40% of total trade of total trade
Increasing
$25 million USD
16.7% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Increasing
$12 million USD
8% of total trade of total trade
Increasing
$10 million USD
6.7% 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 and beverage industry
Increased exports from major producers like China and India due to growing use as a preservative and flavor enhancer
2021-2022
Growth in pharmaceutical applications
Higher trade volumes in developed markets like the US and Germany for use in medical solutions
2020-2022
Shift towards sustainable production
Emerging preference for eco-friendly production methods is influencing supplier selection and trade routes
2022
China introduced new export incentives for chemical products, including sodium acetate, to boost trade amid global supply chain disruptions.
March 2023
Expected to increase Chinaโs market share by 5-7% in 2023, potentially affecting competitors like India.
The European Union tightened regulations on chemical imports, requiring stricter compliance with REACH standards for sodium acetate.
January 2023
May lead to higher compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant regions.
A new bilateral agreement reduced tariffs on chemical products, including sodium acetate, between the US and India.
September 2022
Likely to boost Indiaโs exports to the US by 10% over the next two years.