Spain - 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 Spain - 2023
Contents:
- Urea Price in Spain (CIF) - 2022
- Urea Price in Spain (FOB) - 2023
- Urea Imports in Spain
- Urea Exports in Spain
Urea Price in Spain (CIF) - 2022
The average urea import price stood at $683 per ton in 2022, growing by 36% against the previous year. In general, the import price showed moderate growth. The growth pace was the most rapid in 2021 an increase of 87% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Algeria ($887 per ton), while the price for Germany ($359 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Urea Price in Spain (FOB) - 2023
The average urea export price stood at $417 per ton in July 2023, which is down by -10.8% against the previous month. In general, the export price showed a pronounced setback. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 22% m-o-m. The export price peaked at $1,109 per ton in October 2022; however, from November 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the country with the highest price was Italy ($498 per ton), while the average price for exports to Portugal ($376 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 Portugal (-3.5%), while the prices for the other major destinations experienced a decline.
Urea Imports in Spain
In 2022, approx. 1M tons of urea were imported into Spain; increasing by 3.7% against 2021 figures. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, urea imports skyrocketed to $687M in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 89% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Urea in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 83.7 | 49.1 | 83.4 | 205 | 34.8% |
| Algeria | 46.2 | 95.3 | 181 | 122 | 38.2% |
| Russia | 24.5 | 19.4 | 48.7 | 82.6 | 49.9% |
| Germany | 19.1 | 17.7 | 21.8 | 60.4 | 46.8% |
| Netherlands | 15.8 | 19.4 | 44.0 | 51.4 | 48.2% |
| France | 9.9 | 10.2 | 29.7 | 45.0 | 65.7% |
| Slovakia | 4.1 | 7.6 | 11.1 | 27.0 | 87.4% |
| Portugal | 5.3 | 4.7 | 9.8 | 19.7 | 54.9% |
| Others | 19.5 | 34.8 | 57.8 | 73.9 | 55.9% |
| Total | 228 | 258 | 487 | 687 | 44.4% |
Top Suppliers of Urea to Spain in 2022:
- Egypt (251.5K tons)
- Germany (168.2K tons)
- Algeria (137.1K tons)
- Russia (121.1K tons)
- Netherlands (94.5K tons)
- France (54.1K tons)
- Slovakia (46.3K tons)
- Portugal (22.5K tons)
Urea Exports in Spain
In 2022, shipments abroad of urea was finally on the rise to reach 165K tons after two years of decline. In general, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea exports skyrocketed to $146M in 2022. Over the period under review, exports continue to indicate 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 29.1 | 17.7 | 22.2 | 52.9 | 22.0% |
| France | 10.4 | 10.1 | 20.2 | 49.8 | 68.6% |
| Italy | 2.9 | 3.0 | 2.6 | 11.4 | 57.8% |
| United Kingdom | 0.1 | 0.1 | N/A | 8.5 | 339.7% |
| Malta | N/A | N/A | N/A | 3.6 | 0% |
| Morocco | 3.4 | 1.2 | 0.5 | 1.6 | -22.2% |
| Others | 6.2 | 6.9 | 4.2 | 18.1 | 42.9% |
| Total | 52.2 | 39.0 | 49.8 | 146 | 40.9% |
Top Export Markets for Urea from Spain in 2022:
- Portugal (71.3K tons)
- France (60.7K tons)
- Italy (10.6K tons)
- United Kingdom (6.4K tons)
- Malta (5.1K tons)
- Morocco (2.1K tons)
This report provides an in-depth analysis of the urea market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
726
This report provides an in-depth analysis of the urea market in Spain.
795
This report provides an in-depth analysis of the nitrogenous fertilizer market in Spain.
401
This report provides an in-depth analysis of the ammonium nitrate market in Spain.
382
This report provides an in-depth analysis of the sodium nitrate market in Spain.
331
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in Spain.
402
This report provides an in-depth analysis of the ammonium sulphate market in Spain.
250
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Spain.
1019
This report provides an in-depth analysis of the fertilizer market in Spain.
259
This report provides an in-depth analysis of the market for iron or steel can in Spain.
2568
This report provides an in-depth analysis of the global urea market.
103
Ammonium Nitrate exports experienced a remarkable surge in February 2023, with a staggering 305% increase compared to the previous month. In terms of value, the exports soared to $4.8M in September 2023.
352
Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
2995
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.
814
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.
92
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
765
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...
774
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...
1019
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...
