India - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in India - 2023
Contents:
- Urea Price in India (CIF) - 2023
- Urea Price in India (FOB) - 2023
- Urea Imports in India
- Urea Exports in India
Urea Price in India (CIF) - 2023
The average urea import price stood at $308 per ton in July 2023, waning by -9.8% against the previous month. In general, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in October 2022 an increase of 15% against the previous month. The import price peaked at $666 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from China ($419 per ton) and Finland ($338 per ton), while the price for Oman ($284 per ton) and Saudi Arabia ($307 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Egypt (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Urea Price in India (FOB) - 2023
In July 2023, the average urea export price amounted to $1,614 per ton, with an increase of 38% against the previous month. In general, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in March 2023 an increase of 68% m-o-m. Over the period under review, the average export prices reached the maximum at $1,954 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Suriname ($8,235 per ton), while the average price for exports to the United Arab Emirates ($400 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Imports in India
In 2022, supplies from abroad of urea was finally on the rise to reach 14M tons after two years of decline. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports soared to $7.1B in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Urea in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 667 | 661 | 698 | 1,271 | 24.0% |
| China | 1,148 | 1,023 | 1,675 | 797 | -11.5% |
| Qatar | 173 | 94.9 | 228 | 623 | 53.3% |
| Russia | 87.7 | 40.0 | 44.9 | 612 | 91.1% |
| Saudi Arabia | 143 | 89.5 | 223 | 579 | 59.4% |
| United Arab Emirates | N/A | 0.1 | 0.1 | 569 | 7443.2% |
| Finland | 36.8 | 62.8 | 17.0 | 442 | 129.0% |
| Egypt | 197 | 305 | 423 | 432 | 29.9% |
| Vietnam | 14.5 | 33.8 | N/A | 277 | 167.3% |
| Algeria | 51.7 | 40.1 | N/A | 245 | 68.0% |
| Georgia | N/A | N/A | N/A | 227 | 0% |
| Malaysia | 26.5 | 27.4 | 27.0 | 208 | 98.7% |
| Indonesia | 190 | 205 | 209 | 151 | -7.4% |
| Others | 353 | 354 | 624 | 634 | 21.6% |
| Total | 3,088 | 2,937 | 4,168 | 7,065 | 31.8% |
Top Suppliers of Urea to India in 2022:
- Oman (5.0M tons)
- China (1.4M tons)
- Finland (1.4M tons)
- Qatar (0.9M tons)
- Saudi Arabia (0.8M tons)
- United Arab Emirates (0.8M tons)
- Russia (0.8M tons)
- Egypt (0.5M tons)
- Vietnam (0.4M tons)
- Georgia (0.3M tons)
- Algeria (0.3M tons)
- Malaysia (0.3M tons)
- Indonesia (0.2M tons)
Urea Exports in India
Urea exports from India skyrocketed to 59K tons in 2022, jumping by 108% compared with 2021 figures. In general, exports, however, continue to indicate a drastic downturn.
In value terms, urea exports soared to $49M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Urea in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 6.5 | N/A | 10.2 | 43.0 | 87.7% |
| Sri Lanka | 2.4 | 5.8 | 0.3 | 3.6 | 14.5% |
| Mozambique | 0.5 | 13.0 | N/A | N/A | 2500.0% |
| Senegal | N/A | 4.9 | N/A | N/A | 0% |
| Malaysia | 3.4 | 2.7 | 1.2 | N/A | -40.6% |
| Myanmar | 9.0 | 0.1 | 1.2 | N/A | -63.5% |
| Others | 1.5 | 1.1 | 0.9 | 2.2 | 13.6% |
| Total | 23.4 | 27.7 | 13.8 | 48.8 | 27.8% |
Top Export Markets for Urea from India in 2022:
- Myanmar (undefinedK tons)
- Nepal (55.0K tons)
- Sri Lanka (1.9K tons)
- Malaysia (0.1K tons)
This report provides an in-depth analysis of the urea market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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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
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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
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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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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