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.


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Urea - World's Largest Markets

RatingCountry
1India
2United States
3China
4Brazil
5Qatar

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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Iran241228236-1.0%
Oman2332452391.3%
Indonesia264243252-2.3%
Saudi Arabia290261274-2.8%
Malaysia308247275-5.5%
United Arab Emirates309259283-4.3%
Algeria311273290-3.4%
Poland21920134325.1%
Egypt3323293512.8%
Russia23620835622.8%
Netherlands25824137520.6%
Germany24223238926.8%
China28426143423.6%
Average27325135113.5%

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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
India27626356042.4%
Spain23725348743.3%
Mexico25423346134.7%
Canada31027645721.4%
Italy29727645423.6%
Australia30328144220.8%
France22924841634.8%
United States29724238714.2%
South Korea310281295-2.4%
Brazil2742602902.9%
Argentina301270284-2.9%
Thailand299260279-3.4%
Turkey2642342711.3%
Average28126039017.8%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
India3.12.94.115.9%
United States1.51.12.429.2%
Brazil1.51.92.424.9%
Australia0.60.71.243.0%
France0.30.40.643.2%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
China1.41.47.2127.0%
Russia1.61.52.522.9%
Saudi Arabia1.11.21.11.2%
Egypt0.090.081.1240.6%
Oman11.112.8%

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
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World - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global urea market.

Australia and Oceania - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Australia and Oceania.

Africa - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Africa.

South-Eastern Asia - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in South-Eastern Asia.

Latin America and the Caribbean - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Latin America and the Caribbean.

Middle East - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in the Middle East.

Eastern Asia - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Eastern Asia.

Northern America - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Northern America.

Southern Asia - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Southern Asia.

Central Asia - Urea - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the urea market in Central Asia.

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