HS Code:
Unsaturated chlorinated derivatives of acyclic hydrocarbons (HS Code: 2903.2) include a range of chemical compounds used primarily in industrial applications, such as solvents, intermediates in chemical synthesis, and in the production of refrigerants and plastics. Key products in this category include vinyl chloride, trichloroethylene, and tetrachloroethylene. These compounds are critical in various industries but are subject to strict environmental and safety regulations due to their potential toxicity and environmental impact.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.3 billion
25% of total trade of total trade
Increasing
USD 900 million
17% of total trade of total trade
Stable
USD 750 million
14% of total trade of total trade
Decreasing
USD 600 million
12% of total trade of total trade
Increasing
USD 450 million
9% of total trade of total trade
Stable
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards eco-friendly alternatives
Reduced demand for certain chlorinated hydrocarbons due to environmental regulations like the Montreal Protocol.
2020-2022
Increased production in Asia-Pacific
Growing industrial base in China and India has boosted regional supply, lowering global prices but increasing competition.
2019-2022
Technological advancements in production
New manufacturing processes have improved efficiency and reduced environmental impact, supporting market growth in developed regions.
2021-2023
The European Union introduced stricter limits on the use of trichloroethylene due to its carcinogenic properties, impacting its trade within and into the EU.
March 2023
Significant reduction in EU imports; exporters redirecting to less regulated markets.
A new phase of the US-China trade agreement reduced tariffs on certain chemical intermediates, including unsaturated chlorinated derivatives.
January 2023
Boosted trade volumes between the two countries, with a projected 10% increase in bilateral trade for this category.
Japan announced a $500 million fund to support research into sustainable alternatives to chlorinated hydrocarbons.
June 2022
Long-term decline expected in traditional product demand; short-term increase in R&D-related trade.