HS Code:
Solvent Orange 60, chemically known as 12H-isoindolo[2,1-a]perimidin-12-one (CAS No. 6925-69-5), falls under HS Code 3204.19.25. It is a synthetic organic coloring matter, specifically a solvent dye, used primarily in the plastics, coatings, and printing ink industries for coloring non-aqueous materials. This dye is valued for its high solubility in organic solvents, heat stability, and vibrant orange hue. It is commonly applied in the production of transparent and opaque plastic products, as well as in specialized industrial coatings. The global trade of Solvent Orange 60 is influenced by demand in manufacturing hubs, regulatory frameworks on chemical usage, and environmental considerations.
Total Trade Volume
Approximately $12.5 million USD
Data from 2022
Source
UN Comtrade Database, ITC Trade Map
$5.2 million USD
41.6% of total trade of total trade
Increasing
$3.1 million USD
24.8% of total trade of total trade
Increasing
$1.8 million USD
14.4% of total trade of total trade
Stable
$1.2 million USD
9.6% of total trade of total trade
Decreasing
$0.8 million USD
6.4% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing markets with protective policies)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA or USMCA)
Rising demand in Asia-Pacific for plastic coloring applications
Increased export volumes from China and India due to booming manufacturing sectors
2021-2022
Shift towards eco-friendly dyes
Pressure on manufacturers to develop less toxic alternatives, potentially reducing Solvent Orange 60 market share
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary shortages and price hikes in key markets like Europe and North America
2022
The European Union updated its REACH regulations, imposing stricter testing requirements for solvent dyes including Solvent Orange 60 to ensure environmental and consumer safety.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant suppliers
Several Chinese manufacturers announced investments in expanding production facilities for solvent dyes to meet growing regional demand.
March 2023
Likely to solidify China's dominance in the global market, potentially lowering prices due to economies of scale
The United States imposed additional tariffs on certain chemical imports, including solvent dyes, as part of ongoing trade negotiations.
January 2023
Reduced competitiveness of imported Solvent Orange 60 in the US market, encouraging domestic alternatives