HS Code:
Vat Red 15, chemically known as bisbenzimidazo[2,1-b:1',2'-j]benzo[lmn][3,8]phenanthroline-6,9-dione (CAS No. 4216-02-8), falls under HS Code 3204.15.30, which covers synthetic organic coloring matter, specifically vat dyes. This product is primarily used in the textile industry for dyeing cotton and other cellulosic fibers due to its excellent fastness properties and vibrant red color. Vat dyes like Vat Red 15 are known for their insolubility in water, requiring a reduction process to become soluble for application, followed by oxidation to achieve the final color on the fabric. This category is a niche but critical segment of the global dye and pigment market, often influenced by textile production trends and environmental regulations.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Derived from UN Comtrade Database and ITC Trade Map
$20 million USD
40% of total trade of total trade
Increasing
$15 million USD
30% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$4 million USD
8% of total trade of total trade
Decreasing
$3 million USD
6% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
10% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or in least developed countries under GSP schemes)
Shift towards sustainable dyeing processes
Increased demand for eco-friendly vat dyes and innovations in low-water dyeing technologies, pushing manufacturers to adapt to stricter environmental standards.
2021-2023
Growth in textile production in Asia-Pacific
Rising textile manufacturing in countries like Bangladesh and Vietnam has boosted demand for vat dyes like Vat Red 15, particularly from China and India as key suppliers.
2020-2022
Fluctuations in raw material prices
Volatility in the prices of petrochemical intermediates used in dye production has led to cost pressures, impacting profit margins for manufacturers.
2022
The European Union updated its REACH regulations, imposing stricter limits on hazardous substances in dyes, including vat dyes like Vat Red 15, to ensure environmental and consumer safety.
June 2023
Manufacturers exporting to the EU must invest in compliance and testing, potentially increasing costs but also opening opportunities for certified eco-friendly products.
China reported a 15% increase in vat dye exports in 2022, driven by recovering textile industries in South Asia and competitive pricing strategies.
March 2023
This has intensified competition for other exporters like India and Germany, potentially leading to price wars in key markets.
Several companies in Japan and Germany are investing in R&D for bio-based vat dyes as alternatives to traditional synthetic options, aiming to reduce environmental impact.
September 2022
This could shift market dynamics in the long term, with early adopters gaining a competitive edge in sustainability-focused markets like the EU.