HS Code:
Yttrium oxide phosphor doped by europium (CAS No. 68585-82-0) is a specialized inorganic compound used as a luminophore, primarily in the production of fluorescent lamps, cathode ray tubes, and plasma display panels. Classified under HS Code 3206.50.00, it falls within the category of inorganic products of a kind used as luminophores. This material is critical in industries requiring high-performance luminescent materials for lighting and display technologies due to its ability to emit red light when excited by electrons or ultraviolet light.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$20 million USD
13% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in LED and display technologies
Increased production and trade volume as LED lighting replaces traditional systems, driving demand for europium-doped yttrium oxide in energy-efficient solutions
2021-2023
Supply chain diversification away from China
Countries are seeking alternative suppliers due to geopolitical tensions and export restrictions on rare earth materials, impacting trade patterns
2020-2022
Rising raw material costs for rare earth elements
Higher production costs for yttrium and europium have led to increased prices, affecting affordability and market expansion
2022-2023
China implemented stricter export controls on rare earth materials, including yttrium oxide, to prioritize domestic industries and maintain strategic reserves.
January 2023
Global prices surged, and importers in Japan and South Korea accelerated efforts to secure alternative supply sources.
The European Union introduced legislation to reduce dependency on imported rare earths, promoting recycling and domestic mining of materials like yttrium and europium.
March 2023
Potential increase in regional production, affecting global trade flows and reducing reliance on Asian exporters.
Research advancements in synthetic alternatives to europium-doped yttrium oxide were announced, potentially reducing dependency on rare earth elements.
September 2022
Long-term market shift possible if synthetic options become commercially viable, though current trade remains unaffected.