HS Code:
Sodium bromate (HS Code: 282990) is an inorganic compound primarily used as an oxidizing agent in various industrial applications, including the production of dyes, chemical synthesis, and as a laboratory reagent. It is also utilized in the gold mining industry for ore treatment and in the preparation of certain hair products. Due to its strong oxidizing properties, sodium bromate is considered hazardous and is subject to strict regulations in many countries.
Total Trade Volume
USD 15.3 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12.0% (imposed by certain African countries)
Lowest Rate
0.0% (under free trade agreements like EU-Japan EPA)
Growing demand in gold mining applications
Increased exports from major producers like China and India to resource-rich regions such as Africa and South America
2021-2022
Declining use in cosmetics due to health concerns
Reduced demand in regions with stringent regulations like the European Union, pushing manufacturers to alternative chemicals
2020-2022
Rising production costs due to environmental regulations
Higher prices for sodium bromate, affecting competitiveness of smaller exporters
2022
The European Union has imposed stricter regulations on the use of sodium bromate in cosmetic products, citing potential carcinogenic effects, leading to a near-complete ban in hair products.
March 2023
Significant reduction in exports to the EU market, forcing exporters to pivot to other regions or industries.
China announced the expansion of sodium bromate production facilities to meet rising global demand, particularly from the mining sector.
July 2022
Potential oversupply in the market, which may drive prices down and increase competition among exporters.
India introduced new safety and handling standards for sodium bromate to align with international norms, aiming to boost export credibility.
January 2023
Short-term increase in production costs but long-term benefits in accessing markets with strict safety requirements.