Report World - Urea - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 30, 2023

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

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Global Urea Market 2023

Urea Market Size

The global urea market surged to $X in 2021, jumping by 25% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Urea Production

In value terms, urea production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Urea Exports

Exports

In 2021, after three years of growth, there was decline in shipments abroad of urea, when their volume decreased by -1.5% to X tons. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 4.4%. Over the period under review, the global exports hit record highs at X tons in 2020, and then fell slightly in the following year.

In value terms, urea exports soared to $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), China (X tons), Qatar (X tons), Saudi Arabia (X tons), Nigeria (X tons), Oman (X tons), Algeria (X tons), Egypt (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Malaysia (X tons) and the Netherlands (X tons) represented roughly 79% of total exports in 2021. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +51.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($X), Qatar ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 32% of global exports. Saudi Arabia, Oman, Algeria, the United Arab Emirates, Egypt, Nigeria, Malaysia, Indonesia, the Netherlands and Poland lagged somewhat behind, together comprising a further 48%.

Nigeria, with a CAGR of +42.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average urea export price amounted to $X per ton, surging by 59% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+3.2%), while the other global leaders experienced more modest paces of growth.

Urea Imports

Imports

In 2021, approx. X tons of urea were imported worldwide; approximately reflecting the year before. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 8.2%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of global imports failed to regain momentum.

In value terms, urea imports surged to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, 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.

Imports by Country

In 2021, the United States (X tons) and India (X tons) represented the major importers of ureaaround the world, together accounting for near 26% of total imports. It was followed by Brazil (X tons), Australia (X tons) and Thailand (X tons), together generating a 19% share of total imports. The following importers - Argentina (X tons), France (X tons), Mexico (X tons), Turkey (X tons), South Africa (X tons), Spain (X tons), Italy (X tons) and Canada (X tons) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +26.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest urea importing markets worldwide were India ($X), the United States ($X) and Brazil ($X), together accounting for 34% of global imports. These countries were followed by Australia, Thailand, Argentina, France, Mexico, Turkey, Spain, South Africa, Italy and Canada, which together accounted for a further 32%.

In terms of the main importing countries, Argentina, with a CAGR of +27.0%, 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.

Import Prices by Country

In 2021, the average urea import price amounted to $X per ton, with an increase of 64% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Spain ($X per ton) and Argentina ($X per ton), while the United States ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for urea in the world?
+
India constituted the country with the largest volume of urea consumption, comprising approx. 24% of total volume. Moreover, urea consumption in India exceeded the figures recorded by the second-largest consumer, China, threefold. The United States ranked third in terms of total consumption with a 6.3% share.
What are the largest producers of urea in the world?
+
The countries with the highest volumes of production in 2021 were India, China and Russia, with a combined 36% share of global production. These countries were followed by Iran, Indonesia, Pakistan, Qatar, Nigeria, Egypt, Saudi Arabia, Canada, Oman and Algeria, which together accounted for a further 40%.
What are the leading exporters of urea in the world?
+
In value terms, the largest urea supplying countries worldwide were Russia, Qatar and China, with a combined 32% share of global exports. These countries were followed by Saudi Arabia, Oman, Algeria, the United Arab Emirates, Egypt, Nigeria, Malaysia, Indonesia, the Netherlands and Poland, which together accounted for a further 48%.
What are the leading importers of urea in the world?
+
In value terms, the largest urea importing markets worldwide were India, the United States and Brazil, with a combined 34% share of global imports. Australia, Thailand, Argentina, France, Mexico, Turkey, Spain, South Africa, Italy and Canada lagged somewhat behind, together accounting for a further 32%.
What is the average export price for urea in the world?
+
In 2021, the average urea export price amounted to $403 per ton, growing by 59% against the previous year.
What is the average import price for urea in the world?
+
In 2021, the average urea import price amounted to $430 per ton, with an increase of 64% against the previous year.

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

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Acron Group, BASF SE, BIP (Oldbury) Ltd., EuroChem, Jiangsu Sanmu Group, Koch Fertilizer LLC, CF Industries, Nutrien, Iowa Fertilizer, OCI Nitrogen, Petrobras, Qatar Fertiliser Company, SABIC, Fauji Fertilizer Company Ltd., Sinochem, Hubei Xinyangfeng Fertilizer, Wengfu Group, Lenan Xinlianxin, Luxi Chemical Group, China BlueChemical Ltd., Anhui Liuguo Chemical Co. Ltd, Sichuan Chemical Co., Indo Gulf Corporation Ltd.

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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