Urea Market

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.

Get FREE access to the latest data and statistics on the Urea Market.

Urea - World's Largest Markets

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

Urea - Top Importers

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

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