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World - Urea - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Urea - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Nov 9, 2023

The World's Best Import Markets for Urea

In today's global economy, the import and export of goods play a crucial role in driving economic growth and development. One of the most significant commodities in the world trade market is urea, a widely used fertilizer that helps enhance crop yields and agricultural productivity. As such, it is essential to explore the world's best import markets for urea, considering key statistics and figures to gain a comprehensive understanding of this global trade.

According to data from the IndexBox market intelligence platform, the top ten countries in terms of import value of urea in 2022 are as follows:

  1. India - $7.1 billion
  2. Brazil - $4.8 billion
  3. United States - $3.1 billion
  4. Australia - $2.2 billion
  5. Turkey - $1.7 billion
  6. France - $1.5 billion
  7. Thailand - $1.3 billion
  8. United Kingdom - $1.0 billion
  9. Belgium - $883.3 million
  10. Canada - $855.9 million

Let's delve deeper into these import markets and understand why they are leading the way in urea trade.

1. India

India stands at the top of the list with an import value of $7.1 billion in 2022. This sizable import market can be attributed to the country's significant agricultural sector, which heavily relies on urea fertilizers to support its vast crop production. With a massive population and the need to ensure food security, India's demand for urea remains consistently high.

2. Brazil

Brazil follows closely behind with an import value of $4.8 billion. The country is an agricultural powerhouse, producing a wide variety of crops for domestic consumption and export. As Brazil continues to expand its agricultural activities, the demand for urea fertilizers also grows, fueling its import market.

3. United States

The United States ranks third with a urea import value of $3.1 billion. Despite being a major producer of fertilizers, the country also imports a significant amount of urea to meet the demands of its agricultural sector. The diverse agricultural landscape and the need for high crop yields contribute to a robust import market for urea in the United States.

4. Australia

Australia's import market for urea is valued at $2.2 billion. The country's agricultural sector relies heavily on urea fertilizers to enhance crop production, particularly for its vast livestock industry. With a focus on improving agricultural productivity and maximizing yields, Australia continues to be a prominent market for urea imports.

5. Turkey

Turkey's import value for urea stands at $1.7 billion. The country has a thriving agricultural sector, with a significant demand for urea fertilizers to support its crop production. As Turkey continues to prioritize agriculture and invest in modern farming techniques, the demand for urea imports remains strong.

6. France

France is a notable player in the urea import market, with an import value of $1.5 billion. The country's agricultural sector encompasses diverse farming activities, ranging from crops to livestock. To ensure optimal crop yields and support its agricultural output, France relies on urea imports to meet its fertilizer needs.

7. Thailand

With an import value of $1.3 billion, Thailand secures a prominent position in the urea import market. Thailand's agricultural sector is a crucial contributor to the country's economy, and urea fertilizers play a vital role in maximizing crop yields. As Thailand strives to maintain its agricultural productivity, the demand for urea imports remains steady.

8. United Kingdom

The United Kingdom's import market for urea is worth $1.0 billion. Despite having a relatively small agricultural sector compared to other countries on this list, the United Kingdom relies on urea imports to supplement its fertilizer requirements. The country's diversified agricultural activities, including livestock farming and arable cultivation, contribute to its consistent demand for urea fertilizers.

9. Belgium

Belgium's urea import market is valued at $883.3 million. As a country with limited agricultural land, Belgium relies on imported urea to support its farming activities. With a focus on maximizing agricultural productivity within a confined space, the demand for urea fertilizers in Belgium remains significant.

10. Canada

Canada, with an import value of $855.9 million, concludes the list of top import markets for urea. The country's vast agricultural sector, which encompasses a range of crops and livestock, paves the way for a substantial demand for urea fertilizers. To meet this demand and support its agricultural output, Canada imports a considerable amount of urea each year.

In conclusion, these top import markets for urea exemplify the global demand for fertilizers and the critical role they play in modern agriculture. From large economies like India and Brazil to countries with smaller agricultural sectors like the United Kingdom and Belgium, the need for urea imports remains steady. By understanding these import markets and their unique dynamics, stakeholders can make informed decisions to drive the growth of the urea trade.

Source: IndexBox Market Intelligence Platform

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 - Urea

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ 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:

Acron Group, BASF SE, BIP (Oldbury) Ltd., EuroChem, Jiangsu Sanmu Group, Koch Fertilizer LLC, CF Industries, Nutrien, Iowa Fertilizer, OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Fauji Fertilizer Company Ltd., Sinochem, Hubei Xinyangfeng Fertilizer, Wengfu Group, Lenan Xinlianxin, Luxi Chemical Group, China BlueChemical Ltd., Anhui Liuguo Chemical Co. Ltd, Sichuan Chemical Co., Indo Gulf Corporation Ltd.

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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