World - Urea - Market Analysis, Forecast, Size, Trends And Insights
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Urea market: read the most recent statistics enhanced by an Ai-driven market intelligence tool. Datasets contain exports, trade, companies, market size, consumption, market prices, imports, and production. Here is a breakdown by region, including the Middle East, the U.S., Africa, Latin America, the U.K., EU, Russia, and China. Market dynamics and outlook to 2030 are also provided in the snapshots.
Urea - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | United States |
| 3 | China |
| 4 | Brazil |
| 5 | Qatar |
In value terms, India led the market, alone. The second position in the ranking was occupied by the United States. It was followed by China.
In India, the urea market decreased by an average annual rate of -6.0% over the period from 2019-2021. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+6.9% per year) and China (-24.0% per year).
Urea Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Iran | 241 | 228 | 236 | -1.0% |
| Oman | 233 | 245 | 239 | 1.3% |
| Indonesia | 264 | 243 | 252 | -2.3% |
| Saudi Arabia | 290 | 261 | 274 | -2.8% |
| Malaysia | 308 | 247 | 275 | -5.5% |
| United Arab Emirates | 309 | 259 | 283 | -4.3% |
| Algeria | 311 | 273 | 290 | -3.4% |
| Poland | 219 | 201 | 343 | 25.1% |
| Egypt | 332 | 329 | 351 | 2.8% |
| Russia | 236 | 208 | 356 | 22.8% |
| Netherlands | 258 | 241 | 375 | 20.6% |
| Germany | 242 | 232 | 389 | 26.8% |
| China | 284 | 261 | 434 | 23.6% |
| Average | 273 | 251 | 351 | 13.5% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($434 per ton), while Iran ($236 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| India | 276 | 263 | 560 | 42.4% |
| Spain | 237 | 253 | 487 | 43.3% |
| Mexico | 254 | 233 | 461 | 34.7% |
| Canada | 310 | 276 | 457 | 21.4% |
| Italy | 297 | 276 | 454 | 23.6% |
| Australia | 303 | 281 | 442 | 20.8% |
| France | 229 | 248 | 416 | 34.8% |
| United States | 297 | 242 | 387 | 14.2% |
| South Korea | 310 | 281 | 295 | -2.4% |
| Brazil | 274 | 260 | 290 | 2.9% |
| Argentina | 301 | 270 | 284 | -2.9% |
| Thailand | 299 | 260 | 279 | -3.4% |
| Turkey | 264 | 234 | 271 | 1.3% |
| Average | 281 | 260 | 390 | 17.8% |
Prices varied noticeably by the country of destination; the country with the highest price was India ($560 per ton), while Turkey ($271 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.
Urea - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| India | 3.1 | 2.9 | 4.1 | 15.9% |
| United States | 1.5 | 1.1 | 2.4 | 29.2% |
| Brazil | 1.5 | 1.9 | 2.4 | 24.9% |
| Australia | 0.6 | 0.7 | 1.2 | 43.0% |
| France | 0.3 | 0.4 | 0.6 | 43.2% |
In value terms, India ($4.1B), the United States ($2.4B) and Brazil ($2.4B) were the countries with the highest levels of imports in 2021, together accounting for 43% of global imports. Australia, France, Thailand, Mexico, Spain, Turkey, Italy, Canada, Argentina and South Korea lagged somewhat behind, together accounting for a further 26%.
Among the main importing countries, Spain (+92.7% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Urea - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| China | 1.4 | 1.4 | 7.2 | 127.0% |
| Russia | 1.6 | 1.5 | 2.5 | 22.9% |
| Saudi Arabia | 1.1 | 1.2 | 1.1 | 1.2% |
| Egypt | 0.09 | 0.08 | 1.1 | 240.6% |
| Oman | 1 | 1.1 | 1 | 2.8% |
In value terms, China ($7.2B) emerged as the largest urea supplier worldwide, comprising 35% of global exports. The second position in the ranking was occupied by Russia ($2.5B), with a 12% share of global exports. It was followed by Saudi Arabia, with a 5.4% share.
From 2019 to 2021, the average annual growth rate of value in China totaled +127.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+22.9% per year) and Saudi Arabia (+1.2% per year).
Urea - Market Forecast
Driven by rising demand for urea worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Urea - Top Companies
UCONE PTY LTD, PETROCHEM (BANGLADESH) LIMITED, Nutrien Ltd, Agrium Inc, Yara International ASA, Koninklijke DSM N.V., Yunnan Yuntianhua Co.,Ltd., Parkland Fuel Corporation, CF Industries Holdings, Inc., Chongqing Jianfeng Chemical Co., Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LIMITED, Yara Brasil Fertilizantes S/A, URALKALI, PAO, GRUPA AZOTY S A, DYNO NOBEL MOURA PTY LIMITED, INCITEC PIVOT LIMITED, PETROKIMIA GRESIK, PT, AL SHARIKA EL DJAZAIRIA EL OMANIA LIL ASMIDA 'A.O.A', SQM Industrial S.A., The Scotts Company LLC
Urea - Product Coverage
- HS 310210 - Fertilizers, mineral or chemical; nitrogenous, urea, whether or not in aqueous solution
This report provides an in-depth analysis of the global urea market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4001 -
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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2809
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
754
Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
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