HS Code:
Solvent Blue 104, chemically known as 1,4-bis(mesitylamino)-9,10-anthraquinone (CAS No. 116-75-6), falls under HS Code 3204.19.20, which covers synthetic organic coloring matter and preparations based thereon. This product is primarily used as a dye or pigment in various industries, including plastics, textiles, and coatings, due to its vibrant blue color and solvent-soluble properties. It is particularly valued for its high thermal stability and resistance to fading, making it suitable for applications in high-performance materials.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
United Nations Comtrade Database, ITC Trade Map
$6.5 million USD
43.3% of total trade of total trade
Increasing
$3.2 million USD
21.3% of total trade of total trade
Increasing
$2.1 million USD
14.0% of total trade of total trade
Stable
$1.8 million USD
12.0% of total trade of total trade
Stable
$1.4 million USD
9.3% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements or WTO bindings in the EU and US)
Growing demand in the plastics industry
Increased use of Solvent Blue 104 in coloring high-performance plastics for automotive and consumer goods has driven trade volume up by 8% annually.
2021-2022
Shift towards eco-friendly dyes
Pressure from environmental regulations is pushing manufacturers to develop sustainable alternatives, potentially reducing demand for traditional solvent dyes like Solvent Blue 104 in the long term.
2022
Rising production costs
Fluctuations in raw material prices and stricter environmental compliance costs in major producing countries like China are increasing export prices by 5-7%.
2022
The European Union introduced stricter REACH regulations on synthetic dyes, including Solvent Blue 104, requiring detailed toxicity reports from importers.
June 2023
This is likely to increase compliance costs for exporters to the EU and may reduce trade volume by 10-15% in the short term.
China reduced export tax rebates for certain chemical products, including synthetic dyes under HS 3204, to focus on domestic sustainability goals.
March 2023
This has led to a slight increase in export prices, potentially benefiting competitors like India in price-sensitive markets.
The United States extended tariff waivers on specific chemical imports, including Solvent Blue 104, to support domestic manufacturers facing supply chain disruptions.
September 2023
This has temporarily boosted imports from China and India, maintaining stable trade volumes in the US market.