HS Code:
Tris(2,3-dibromopropyl phosphate) is a chemical compound classified under the Harmonized System (HS) Code 2919.90. It is primarily used as a flame retardant in plastics, textiles, and other materials. Due to its bromine content, it is effective in reducing flammability but has faced scrutiny for environmental and health concerns, including potential toxicity and persistence in the environment. This has led to regulatory restrictions in several regions, impacting its global trade.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database & Industry Reports
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Decreasing
$8 million USD
16% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Decreasing
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-US trade pacts)
Shift towards alternative flame retardants
Declining demand for Tris(2,3-dibromopropyl phosphate) due to regulatory pressures and consumer preference for safer chemicals
2020-2022
Increased production in Asia-Pacific
Growth in supply from China and South Korea to meet demand in less regulated markets
2021-2023
Regulatory tightening in developed markets
Significant reduction in trade volumes to the EU and US due to bans and restrictions
2019-2022
The European Union expanded its ban on certain brominated flame retardants, including Tris(2,3-dibromopropyl phosphate), under the REACH framework, citing environmental persistence and toxicity risks.
January 2022
Significant reduction in exports to the EU, redirecting trade to less regulated markets in Asia and Africa.
The US Environmental Protection Agency (EPA) released a risk evaluation report identifying Tris(2,3-dibromopropyl phosphate) as a potential health hazard, prompting calls for stricter regulations.
March 2023
Potential for future restrictions in the US market, influencing manufacturers to seek alternative compounds.
China adjusted its export quotas for certain chemical compounds, including Tris(2,3-dibromopropyl phosphate), to balance domestic supply and international demand.
July 2023
Slight increase in global supply, stabilizing prices in markets with ongoing demand.