Urea Price Index, Chart, Trend, Forecast, News, Monitor and Historical Prices

The global urea market size reached US$ 51.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 59.9 Billion, at a projected CAGR of 1.60% during 2023-2032. Moreover, geopolitical factors and trade policies play a significant role. For instance, China's withdrawal from the fertilizer export market has shifted the demand to other regions, stressing the North American and European markets. Environmental regulations, particularly in the APAC region, have also constrained production capacities, leading to supply shortages that intermittently push prices upwards. Overall, the urea market is shaped by a delicate balance of supply-side constraints and demand-driven by agricultural cycles, underscored by an overlay of international trade flows and regulatory environments.

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