Urea increased 41.75 USD/T or 12.37% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

The price of urea stood at 358 U.S. dollars per metric ton in 2023, the highest value in the period investigated. The price of this commodity was forecast to decrease in the following year, to then drop annually to amount to 325 dollars per ton in 2025.

The Report Covers Global Top Urea Producing Countries and the Market is Segmented by Grade (Fertilizer, Feed, and Technical), End-User Industry (Agriculture, Chemical, Automotive, Medical, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts for the Industrial Grade Urea Market in Volume (kilotons) for all the Above Segments.

During the last quarter of 2024, the urea prices in the United States reached 361 USD/MT in December. The market across the country demonstrated a stable equilibrium between supply constraints and industrial demand. After a little increase in October, prices leveled out as reduced agricultural purchasing offset varying feedstock costs.

Product	Category	Region	Price
Urea	Bulk Chemical and Fertilizer	USA	361 USD/MT
Urea	Bulk Chemical and Fertilizer	Japan	352 USD/MT
Urea	Bulk Chemical and Fertilizer	Russia	333 USD/MT
Urea	Bulk Chemical and Fertilizer	Saudi Arabia	348 USD/MT

Explore IMARC’s newly published report, titled “Urea Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of urea pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The global urea market rose significantly to $72.3B in 2024, with an increase of 5.2% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -11.1% against 2022 indices.

This statistic displays a forecast of total global demand for urea fertilizer from 2014 to 2024. In 2024, the demand for urea fertilizers is expected to reach 183 million metric tons. Increasing crop prices lead to increased fertilizer demands and has been especially noted in recent years in South Asia. Favorable weather also increases demand for fertilizers in major agricultural regions.

The size and share of the market is categorized based on Application (Agriculture, Industry, Others) and Product (Granular urea, Small particles of urea) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

[235 Pages Report] Global demand for Sulphur-coated Urea is expected to rise at a yearly growth rate of 3.3% Y-o-Y to US$ 1453 Million in 2032

Data Points	Key Statistics
Documented Value of Global Sulphur Coated Urea Market in 2021	US$ 1,017.80 Million
Estimated Market Value of Sulphur Coated Urea Market in 2022	US$ 1,050.2 Million
Projected Sulphur Coated Urea Market Size in 2022 to 2032	US$ 1,453.0 Million
Value CAGR	3.3%

Scope of Report

Attributes	Details
Estimated Market Value (2022E)	US$ 1,050.20 Million
Projected Market Size (2032F)	US$ 1,453.0 Million
Value CAGR (2022 to 2032)	3.3%
Forecast Period	2022 to 2032
Historical Data Available for	2015 to 2021
Market Analysis	US$ Million for Value and Kilo Tons for Volume
Key Countries Covered	The USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	Product Type, Application, and Region
Key Companies Profiled	Nutrien Ltd. J.R. Simplot Chemicals Turf Care Supply, LLC Israel Chemicals Ltd. The Andersons, Inc. Everris Syngenta AG Hanfeng Evergreen Yara International ASA Haifa Chemicals Ltd. Koch Industries Inc. Luyue Chemical Luxi Chemical Harrell’s LLC PULCU TARIM QAFCO Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

The global granular urea market is set to expand from USD 37.41 billion in 2024 to USD 54.94 billion by 2037, registering a CAGR of more than 3% during the forecast timeline, from 2025 through 2037. Key industry players include Indian Farmers Fertilisers Cooperative Limited, CF Industries Holdings, Inc., Saudi Basic Industries Corporation (SABIC), among others.

This statistic displays the medium-term forecast of the global demand for fertilizer by nutrient to the period of 2027. It is forecast that the demand for nitrogen fertilizers will reach some 115 megatons by 2027. Increasing crop prices lead to increased fertilizer demands and has been especially noted in recent years in South Asia. Favorable weather also increases demand for fertilizers in major agricultural regions.

The Urea Market is projected to grow at 4.1% CAGR, reaching $58.3 Billion by 2029. Where is the industry heading next? Get the sample report now!

Urea market will be growing at a CAGR of 3.57% during 2025 to 2033.

AUS 40 Grade Marine Urea Market Size And Forecast

AUS 40 Grade Marine Urea Market size was valued at $ 1.6 Billion in 2023 and is projected to reach $ 1.9 Billion by 2031, growing at a CAGR of 5.1%

Global AUS 40 Grade Marine Urea Market Drivers

The market drivers for the AUS 40 Grade Marine Urea Market can be influenced by various factors. These may include:

Demand for Sustainable Agriculture: As farmers seek environmentally friendly fertilizers, marine urea presents a solution due to its organic origins and lower carbon footprint. This aligns with global trends towards reducing chemical inputs and promoting organic alternatives. Farmers benefit from improved soil health and biodiversity when using such products, resulting in increased crop yields. The Australian government and various agricultural organizations are also supporting sustainable farming initiatives, further boosting the demand for eco-friendly fertilizers like AUS 40 Grade Marine Urea as part of greener farming practices.

The market size of the Urea Market is categorized based on Application (Agriculture, Fertilizer Production, Chemical Industry, Animal Feed) and Product (Granular Urea, Prilled Urea, Liquid Urea, Urea Ammonium Nitrate) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.

Learn about the expected growth of the global urea market over the next decade driven by increasing demand, with market volume projected to reach 181M tons and market value to hit $98.9B by 2035.

The global production capacity of urea (also known as carbamide) is expected to increase from approximately 234.41 million metric tons in 2022, to around 300 million metric tons by 2030. This growth is attributable to approximately 76 planned and announced new urea plants, based mainly in Asia and the Former Soviet Union, that are expected to come online by 2030.

Globally, the demand for urea is forecast to reach around 183 million metric tons by 2024.

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.

Global Urea Market reached USD 129.2 billion in 2022 and is expected to reach USD 152.5 billion by 2031.

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.

Global Urea Nitrogen Fertilizer market size 2025 was XX Million. Urea Nitrogen Fertilizer Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.