Guar Gum Price in USA
- United States: 1880 USD/MT
In Q4 2023, Guar Gum Prices in the USA reached $1880/MT. The report covers recent developments, updates, and trend in the global market, offering timely, relevant information.
The latest report by IMARC, titled "Guar Gum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Guar Gum prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Guar Gum Prices December 2023:
- United States: 1880 USD/MT
- China: 1530 USD/MT
- Netherlands: 1720 USD/MT
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The study delves into the factors affecting Guar Gum price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Guar Gum Price Trend- Q4 2023
In the first quarter of 2024, the Guar gum market exhibited varied trend across different regions. In North America, the market experienced a generally declining trajectory, with the latest quarter-ending price for Guar gum CFR Houston in the USA recorded at USD 1885/MT, reflecting an average quarterly decline of 0.06%.
This decline was influenced by moderate to high supply and relatively low to moderate demand from downstream sectors, along with global market dynamics such as China's pricing strategies and reduced international demand. The strong US dollar facilitated advantageous import opportunities. Market players managed inventories by destocking and preparing for replenishment, optimizing levels and maintaining liquidity. January saw price increases due to geopolitical tensions and trade disruptions, including shipping challenges and higher costs, though the prices of raw materials like phosphoric acid were decreasing.
Guar Gum Market Analysis
The global guar gum market size reached US$ 1.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.9 Billion, at a projected CAGR of 5.10% during 2023-2032. In the Asia-Pacific (APAC) region, particularly China, the Guar gum market experienced notable price fluctuations but maintained a pessimistic trend, with prices dropping to USD 1460/MT FOB Shanghai, showing an average quarterly decrease of 1.31%. The consistent decrease early in the year was driven by lower demand, surplus stock from year-end destocking, strategic inventory cuts, declining Guar seeds prices, and fewer orders from Western and Northern markets. Intense competition among producers and normalized freight charges also contributed to the price decline. Despite this, February saw a marginal price surge due to increased demand, low inventories, production halts during the Chinese Lunar New Year, rising freight charges, and currency depreciation. Post-holiday purchasing and strategic currency utilization boosted market confidence, with suppliers adjusting prices accordingly.
In Europe, the Guar gum market saw prices influenced by various factors, with the latest price for Guar gum CFR Hamburg in Germany at USD 1620/MT, reflecting an average quarterly incline of 0.11%. Despite an overall negative pricing trend compared to the same period last year, due to significant price reductions in key exporting regions like APAC, the quarter experienced substantial price decreases from reduced downstream demand and the Euro's depreciation against the USD. Seasonal factors and inventory destocking at discounted rates further contributed to this decline. January saw initial price increases due to supply chain disruptions and geopolitical tensions, but overall prices decreased within the quarter compared to the previous one in 2024.
Key Points Covered in the Guar Gum Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Guar Gum Prices
- Guar Gum Price Trend
- Guar Gum Demand & Supply
- Guar Gum Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Guar Gum Price Analysis
- Guar Gum Industry Drivers, Restraints, and Opportunities
- Guar Gum News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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