Mexico - Urea - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingUrea Price in Mexico - 2023
Contents:
- Urea Price in Mexico (CIF) - 2023
- Urea Price in Mexico (FOB) - 2022
- Urea Imports in Mexico
- Urea Exports in Mexico
Urea Price in Mexico (CIF) - 2023
The average urea import price stood at $352 per ton in June 2023, waning by -5.7% against the previous month. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in October 2022 when the average import price increased by 26% month-to-month. Over the period under review, average import prices reached the maximum at $755 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($509 per ton), while the price for Russia ($334 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Oman (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Urea Price in Mexico (FOB) - 2022
In 2022, the average urea export price amounted to $3,214 per ton, jumping by 79% against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 541% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +18.8% per year.
Urea Imports in Mexico
In 2022, the amount of urea imported into Mexico soared to 1.6M tons, growing by 20% on the previous year's figure. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period.
In value terms, urea imports surged to $726M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Urea in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 208 | 164 | 186 | 268 | 8.8% |
| Oman | 0.3 | 11.0 | 11.4 | 135 | 666.3% |
| Nigeria | N/A | N/A | N/A | 119 | 0% |
| Qatar | N/A | N/A | 23.9 | 62.6 | 161.9% |
| United States | 5.8 | 25.4 | 18.4 | 52.8 | 108.8% |
| Algeria | 60.0 | 32.9 | 39.9 | 44.2 | -9.7% |
| Trinidad and Tobago | 13.6 | 19.2 | N/A | 33.6 | 35.2% |
| China | 98.6 | 108 | 192 | 8.4 | -56.0% |
| Indonesia | 8.6 | 76.6 | 94.7 | N/A | 231.8% |
| Malaysia | 28.1 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | 22.5 | 10.1 | N/A | -55.1% |
| Others | 2.4 | 1.0 | 8.7 | 1.3 | -18.5% |
| Total | 426 | 461 | 585 | 726 | 19.4% |
Top Suppliers of Urea to Mexico in 2022:
- Oman (667.1K tons)
- Russia (352.6K tons)
- Qatar (216.2K tons)
- Nigeria (157.3K tons)
- Algeria (94.1K tons)
- United States (87.1K tons)
- Trinidad and Tobago (35.4K tons)
- China (17.9K tons)
Urea Exports in Mexico
In 2022, exports of urea from Mexico skyrocketed to 86 tons, rising by 131% against the year before. Over the period under review, exports, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 1,329% against the previous year. As a result, the exports attained the peak of 23K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, urea exports surged to $278K in 2022. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1,261% against the previous year. As a result, the exports attained the peak of $6.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Urea in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.2 | 0.4 | 0.1 | 0.3 | 14.5% |
| Cuba | N/A | 6.1 | N/A | N/A | 0% |
| Guatemala | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 6.5 | 0.1 | 0.3 | -15.7% |
Top Export Markets for Urea from Mexico in 2022:
- United States (86.4 tons)
This report provides an in-depth analysis of the urea market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
-
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
-
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
-
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
-
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
-
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
-
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
780
This report provides an in-depth analysis of the urea market in Mexico.
615
This report provides an in-depth analysis of the nitrogenous fertilizer market in Mexico.
429
This report provides an in-depth analysis of the ammonium nitrate market in Mexico.
399
This report provides an in-depth analysis of the sodium nitrate market in Mexico.
295
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in Mexico.
307
This report provides an in-depth analysis of the ammonium sulphate market in Mexico.
241
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Mexico.
1216
This report provides an in-depth analysis of the fertilizer market in Mexico.
270
This report provides an in-depth analysis of the market for iron or steel can in Mexico.
2569
This report provides an in-depth analysis of the global urea market.
203
Urea price dropped -1.5% in December 2022 to $645/ton (CIF, Mexico)
355
Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
2998
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
815
Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
94
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
766
In value terms, chemical elements doped for use in electronics imports stood at $X in 2016. Overall, chemical elements doped for use in electronics imports continue to indicate a moderate deduction. ...
1327
In value terms, mineral and chemical, potassic fertilizers imports amounted to $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total imports value increased at an average annu...
775
In value terms, mineral and chemical, phosphatic fertilizers imports totaled $X in 2016. In general, mineral and chemical, phosphatic fertilizers imports continue to indicate a relatively flat tren...
1023
In value terms, radioactive chemical elements and radioactive isotopes imports amounted to $X in 2016. Overall, radioactive chemical elements and radioactive isotopes imports continue to indicate a ...
648
In value terms, chemical elements doped for use in electronics exports amounted to $X in 2016. In general, chemical elements doped for use in electronics exports continue to indicate a slight shrink...
