Indonesia - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Indonesia - 2022
Contents:
- Urea Price in Indonesia (FOB) - 2022
- Urea Price in Indonesia (CIF) - 2022
- Urea Exports in Indonesia
- Urea Imports in Indonesia
Urea Price in Indonesia (FOB) - 2022
In 2022, the average urea export price amounted to $566 per ton, increasing by 49% against the previous year. In general, the export price recorded a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($668 per ton), while the average price for exports to Peru ($254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Price in Indonesia (CIF) - 2022
In 2022, the average urea import price amounted to $640 per ton, rising by 36% against the previous year. In general, the import price enjoyed noticeable growth. The growth pace was the most rapid in 2021 when the average import price increased by 77%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($659 per ton), while the price for Vietnam ($626 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Urea Exports in Indonesia
In 2022, shipments abroad of urea decreased by -4.2% to 1.9M tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports attained the peak of 2.4M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, urea exports skyrocketed to $1.1B in 2022. In general, exports, however, posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Urea in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 73.1 | 17.1 | 121 | 249 | 50.5% |
| India | 154 | 209 | 97.8 | 226 | 13.6% |
| Philippines | 99.6 | 129 | 107 | 130 | 9.3% |
| Chile | 0.1 | 0.1 | 18.2 | 57.1 | 729.6% |
| Argentina | N/A | N/A | 37.6 | 54.8 | 45.7% |
| Mozambique | 8.1 | N/A | 2.3 | 38.8 | 68.6% |
| Malaysia | 20.5 | 24.1 | 33.9 | 37.6 | 22.4% |
| Peru | N/A | N/A | 1.9 | 36.7 | 1831.6% |
| Vietnam | 42.7 | 9.5 | 73.6 | 32.9 | -8.3% |
| Sri Lanka | 14.7 | 14.9 | 11.4 | 29.3 | 25.8% |
| Thailand | 13.0 | 14.3 | 47.0 | 27.8 | 28.8% |
| China | 11.8 | N/A | 23.2 | 23.6 | 26.0% |
| Mexico | 7.6 | 66.7 | 70.4 | 22.7 | 44.0% |
| Others | 46.4 | 94.2 | 128 | 135 | 42.8% |
| Total | 492 | 580 | 773 | 1,101 | 30.8% |
Top Export Markets for Urea from Indonesia in 2022:
- Australia (373.3K tons)
- India (368.4K tons)
- Philippines (203.6K tons)
- Chile (150.8K tons)
- Peru (144.3K tons)
- Argentina (102.1K tons)
- Malaysia (66.2K tons)
- Mozambique (61.6K tons)
- Vietnam (58.9K tons)
- Sri Lanka (48.4K tons)
- Thailand (46.7K tons)
- Mexico (41.1K tons)
- China (40.6K tons)
Urea Imports in Indonesia
In 2022, urea imports into Indonesia surged to 68K tons, picking up by 1,118% on the year before. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports surged to $43M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Urea in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 20.2 | 0% |
| China | 0.3 | 3.4 | 0.5 | 19.6 | 302.8% |
| Malaysia | 3.2 | 2.9 | 2.0 | 3.4 | 2.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 3.5 | 6.4 | 2.6 | 43.3 | 131.3% |
Top Suppliers of Urea to Indonesia in 2022:
- Vietnam (32.3K tons)
- China (30.1K tons)
- Malaysia (5.2K tons)
This report provides an in-depth analysis of the urea market in Indonesia. 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:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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.
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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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