HS Code:
Synthetic organic coloring matter and preparations based thereon, as specified in Note 3 to Chapter 32 of the Harmonized System (HS Code: 3204), include a wide range of dyes and pigments used in industries such as textiles, plastics, paints, and printing inks. These products are derived from organic compounds and are crucial for providing color to various materials. This category encompasses products like acid dyes, basic dyes, direct dyes, vat dyes, reactive dyes, and pigment preparations, which are valued for their vibrant colors, stability, and versatility in industrial applications. Global trade in this category is driven by demand from manufacturing hubs, particularly in textiles and automotive sectors, with significant production and consumption in Asia, Europe, and North America.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
30.5% of total trade
Increasing
USD 2.1 billion
20.0% of total trade
Increasing
USD 1.3 billion
12.4% of total trade
Stable
USD 900 million
8.6% of total trade
Stable
USD 600 million
5.7% of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-India FTA for specific sub-categories)
Shift towards eco-friendly dyes
Increased demand for biodegradable and non-toxic synthetic dyes due to environmental regulations and consumer preferences, driving innovation in green chemistry.
2021-2023
Growth in textile industry in Asia-Pacific
Rising production of textiles in countries like Bangladesh and Vietnam boosts demand for synthetic dyes, reinforcing Asia's dominance in this market.
2020-2022
Technological advancements in dye synthesis
Development of high-performance dyes with better colorfastness and durability increases market competitiveness, particularly for premium applications in automotive and industrial coatings.
2022
The European Union updated its REACH regulations to impose stricter limits on hazardous substances in synthetic dyes, requiring manufacturers to provide detailed safety data.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing profit margins for non-compliant suppliers while benefiting those with sustainable practices.
India announced investments in new manufacturing facilities for synthetic organic dyes, supported by government incentives under the 'Make in India' initiative.
March 2023
Strengthens Indiaโs position as a leading exporter, likely increasing its market share in global trade over the next 3-5 years.
The United States introduced anti-dumping duties on specific categories of synthetic dyes from China to address unfair pricing practices.
September 2022
Redirects some trade flows to other suppliers like India and South Korea, while increasing costs for US importers in the short term.