AVLAST HYDROCOLLOIDS
Guar Gum Export to USA Has Decreased by 65% in Last Few Years
Guar Gum Export Worldwide
2016
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Guar gum Export Demand has been decreased more than 60 percent worldwide and US market is not an exception here. The biggest reason for declining demand of guar gum powder is reduced prices of crude oils in global markets. As prices of crude oil gets low, prices for guar gum also falls down in the same ratio. According to research report, prices of guar gum are falling continuously since 2010 to till now. Not only guar gum products but guar seeds are also not in demand as earlier. More than 70 percent of processed guar gum powder is used by crude oil industries so it has created huge impact on guar gum market.
Impact of Crude Oil Industry on Guar Gum Demand Guar gum helps in production of crude oil when crude oil production has been minimized then guar gum demand will also decrease naturally. Regular decline in process of crude oil is big concern for guar gum exporters and they are waiting for the time when everything will get normal. Guar gum is used as lubricant for crude oil industry.
Not only for crude oil industry but guar gum products are used worldwide like textile industries, chemical industries or printing sector etc. At some places guar gum is used as thickening agent or stabilizer. On the other hand, guar gum is also used as lubricant or binding agent to bind different particles together.
Export to US Has Declined More Than 65 Percent USA has been the largest buyer of guar gum powder since its inception. The main income of guar gum exporters come from USA markets only. Sadly, export of guar gum to US market has been decreased more than 65 percent that has changed profit ratio too. When US market will grow, only then there are chances of improving guar gum market significantly.
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