For the quarter Ending March 2022
North America
In the first quarter of 2022, Guar gum prices showed an upward price trajectory with slight fluctuation. At the beginning of Q1, the prices were on the lower end due to the weak demand than the supply side with stocked up inventories. With surging awareness about Guar gum's health benefits, the demand from the downstream industries increased, leading to a surge in demand for Guar gum in domestic and overseas markets. Later in the second half of first quarter, as the pandemic resurfaced, a fall in production, higher consumption, and lower carry forward stock was witness when compared with the last quarter. Toward the end of Q1, the overall price trajectory was recorded to be on the upper side.
Asia Pacific
In the first quarter of 2022, the market for Guar gum showcased a fluctuating price trajectory. India is one of the major producers and exporters of Guar Gum. At the onset of the first half of Q1, the prices showed stable market sentiments with the supply side in equilibrium with the demand side. Later in the second half, prices of Guar Gum showed mixed sentiments with the onset of the pandemic. The resurgence of Covid on the global level set down pressure on the Guar Gum prices owing to increased demand with sufficient supply and higher inventories. Later, towards the end of the second half, the end-user industries experienced higher demand with lesser supplies leading to price inclination. Towards the end of Q1, the prices were observed to be USD 1505/ton Ex-Bikaner (India).
Europe
In the first quarter of 2022, the prices were stable with moderately operating supply/demand fundamentals. At the beginning of Q1, the prices were lower due to weaker demand than the supply side. But with the onset of the second half, the resurgence of the pandemic contributed to the increase in Gaur gum prices in the domestic and global markets. Increased demand with supply constraints due to labor shortage, disruption in supply chains, and feeble trade market led to higher prices. Also, with the increase in freight charges due to covid, the trading prices increased in European Market. The increasing consumer awareness about the health and nutritional benefit of Guar gum and its growing prevalence will further escalate the growth market. Towards the end of Q1, the prices were recorded to be USD 2235/ton CFR Hamburg (Germany).
