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Written by Allen » Updated on: June 26th, 2024
In Q4 2023, Guar Gum Prices in the USA reached 1880 USD/MT. The report details recent developments, updates, and trend in the global guar gum market, providing timely and relevant information for stakeholders.
The latest report by IMARC Group, titled "Guar Gum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Guar Gum price trend. This report delves into the price of Guar Gum globally, presenting a detailed analysis, along with informative Guar Gum price chart. Through comprehensive Guar Gum price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Guar Gum demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Guar Gum Prices December 2023:
Report Offering:
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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/guar-gum-pricing-report/requestsample
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:
Regional Price Analysis:
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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