HS Code:
Solvent Yellow 160:1 (CAS No. 35773-43-4) falls under HS Code 3204.19.11, which pertains to 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 printing inks, offering vibrant yellow coloration with good solubility in organic solvents. It is a niche product within the broader category of synthetic dyes and pigments, often utilized for specialized applications requiring high thermal stability and lightfastness.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
UN Comtrade Database and industry reports
$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
$1.0 million USD
6.7% 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 such as EU-Japan EPA)
Growing demand in the plastics industry
Increased use of Solvent Yellow 160:1 in coloring high-performance plastics for automotive and electronics sectors has driven trade volume up by 8% annually.
2021-2022
Shift towards eco-friendly alternatives
Regulatory pressures in the EU and North America are pushing manufacturers to explore greener dye options, potentially reducing demand for traditional solvent dyes.
2022
Rising production costs
Increased raw material and energy costs have led to a 5-7% price hike for solvent dyes, affecting export competitiveness for smaller producers.
2022
The European Union updated its REACH regulations, imposing stricter guidelines on the use of solvent dyes like Solvent Yellow 160:1 due to potential environmental hazards.
March 2023
Exporters to the EU must comply with new testing and certification requirements, potentially increasing costs by 10-15%.
China reduced export tax rebates for certain chemical products, including solvent dyes, to encourage domestic consumption and reduce overproduction.
January 2023
This policy may lead to a short-term decrease in export volumes from China, creating opportunities for competitors like India.
The United States extended tariff waivers on specific chemical imports, including solvent dyes, to mitigate supply chain disruptions.
June 2023
This has facilitated steady import flows into the US market, benefiting exporters from China and India.