HS Code:
Strontium, classified under HS Code 2805.19 (alkali or alkaline-earth metals, including strontium), is a chemical element primarily used in the production of cathode ray tubes for televisions, fireworks, and in the refining of zinc. It is also utilized in medical applications, particularly in the form of strontium ranelate for osteoporosis treatment, and in nuclear applications as strontium-90 is a radioactive isotope. Global trade in strontium is relatively niche compared to other metals, driven by specific industrial and technological demands.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Decreasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Declining demand for strontium in cathode ray tubes
Reduced trade volume in traditional electronics markets due to shift to LCD and LED technologies
2020-2022
Growing medical applications
Increased demand for strontium compounds in pharmaceuticals for bone health treatments
2021-2023
Sustainability concerns
Push for environmentally friendly mining practices affecting strontium carbonate production costs
2022
China introduced stricter export controls on strontium and related compounds to prioritize domestic supply for high-tech industries.
March 2023
Potential price increases and supply chain disruptions for importing countries
The European Medicines Agency updated safety guidelines for strontium-based drugs, affecting import requirements.
July 2022
Increased compliance costs for exporters targeting the EU market
New mining projects in Mexico aim to increase strontium carbonate production to meet North American demand.
September 2023
Potential shift in trade dynamics, reducing reliance on Chinese exports