HS Code:
Solvent Red 227 (1-anilino-9,10-anthraquinone, CAS No. 2944-28-7, CI 60510) falls under HS Code 3204.19.25, which covers synthetic organic coloring matter and preparations based thereon, specifically other solvent dyes. This chemical compound is primarily used as a dye in industries such as plastics, coatings, and textiles for coloring purposes due to its solubility in organic solvents. It is part of the anthraquinone family of dyes, known for their vibrant red hues and excellent lightfastness. The global trade of Solvent Red 227 is driven by demand in manufacturing sectors, particularly in regions with strong chemical and textile industries.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
UN Comtrade Database and 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
$1.8 million USD
12.0% of total trade of total trade
Stable
$1.5 million USD
10.0% of total trade of total trade
Stable
$0.9 million USD
6.0% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in Asia-Pacific for textile and plastic industries
Increased export volumes from China and India due to low production costs and high demand
2021-2022
Shift towards eco-friendly dyes
Potential decline in demand for traditional solvent dyes like Solvent Red 227 as industries adopt sustainable alternatives
2020-2022
Rising production costs due to raw material shortages
Higher prices for Solvent Red 227, affecting trade margins and competitiveness
2022
The European Union updated REACH regulations, imposing stricter controls on anthraquinone-based dyes, including Solvent Red 227, to ensure environmental and consumer safety.
March 2023
Increased compliance costs for exporters to the EU market; potential reduction in trade volume to Europe.
China reported a 15% increase in exports of solvent dyes, including Solvent Red 227, driven by recovering demand in global textile markets post-COVID-19.
January 2023
Strengthened Chinaโs position as the leading exporter, putting competitive pressure on other countries like India.
Several manufacturers in Germany and Japan are investing in R&D to develop less toxic solvent dye alternatives, potentially impacting the market for traditional products like Solvent Red 227.
July 2022
Long-term risk of market share loss for Solvent Red 227 if eco-friendly substitutes gain traction.