Trade
The world market of guar is estimated at 150,000 tons annually. According to a Reuters report, India accounts for about 80% of the global trade in guar products. India exported 11 billion rupees' worth of guar products in 2007/08 financial year ending March 2008. Pakistan trails India in the global trade. Industrial guar gum is the most sought-after guar product, and accounts for about 45% of the total demand. Industrial gum is used as a controlling agent in oil wells to facilitate easy drilling and prevent fluid loss.
The major countries that import guar gum and its derivatives are
- Australia
- Austria
- Brazil
- Canada
- China
- Chile
- Germany
- Greece
- France
- Italy
- Ireland
- Japan
- Mexico
- Netherlands
- Portugal
- South Africa
- Sweden
- United Kingdom
- United States of America
Read more about this topic: Guar Gum
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“Every trade has its master.”
—Chinese proverb.