Urea fell to 355 USD/T on December 1, 2025, down 2.07% from the previous day. Over the past month, Urea's price has fallen 11.47%, but it is still 13.87% higher than a year ago, 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.

Urea prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 172.99 USD per metric ton with a minimum of 16 USD per metric ton in January 1971 and a maximum of 925 USD per metric ton in April 2022. | TheGlobalEconomy.com

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.

Retail Price: Fertilizer: Urea: Philippines data was reported at 1,075.864 PHP/50 kg in Oct 2018. This records an increase from the previous number of 1,055.360 PHP/50 kg for Sep 2018. Retail Price: Fertilizer: Urea: Philippines data is updated monthly, averaging 1,032.125 PHP/50 kg from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 1,933.350 PHP/50 kg in Sep 2008 and a record low of 879.000 PHP/50 kg in Feb 2006. Retail Price: Fertilizer: Urea: Philippines data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P002: Retail Price: Fertilizers.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of *** U.S. dollars per metric ton in April before declining to *** U.S. dollars by December. In the lead up to the Russian invasion of Ukraine, urea fertilizer prices more than doubled from September to November 2021.

View monthly updates and historical trends for US Urea Spot Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Discover the latest trends and insights on the global urea market. Explore growth drivers, restraints, regional analysis, and key players shaping the future of this $XX million industry, projected to reach $XX million by 2033 with a 1.81% CAGR. Learn about fertilizer, feed, and industrial applications. Recent developments include: November 2022: OCI NV invested USD 5 billion to expand its East Texas complex. The company plans to add a plant that uses ammonia and carbon dioxide to make 2,200 metric tons of urea daily., June 2022: Pupuk Kaltim announced its plans to expand its operations by building a factory in West Papua's Bintuni Bay in Indonesia that will produce urea, increasing its overall production capacity., May 2022: Indian Farmers' Fertiliser Cooperative Limited (IFFCO) expanded its business by installing the first IFFCO nano urea (liquid) production unit at Kalol, Gujarat, India, with an investment of INR 175 crore (~USD 21.52 million).. Key drivers for this market are: High Applicability of Technical Grade Urea, Increasing Demand from the Automotive Sector; Increasing Usage in the Fertilizers Segment. Potential restraints include: High Applicability of Technical Grade Urea, Increasing Demand from the Automotive Sector; Increasing Usage in the Fertilizers Segment. Notable trends are: Agriculture Segment to Dominate the Market.

The global agriculture urea market is experiencing robust growth, driven by the increasing demand for food and feed worldwide. The market, valued at approximately $80 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This expansion is fueled primarily by the rising global population, necessitating increased agricultural production to meet food security needs. The growing adoption of modern farming techniques, which often involve higher fertilizer application rates, also contributes significantly to market growth. Furthermore, the increasing use of urea as an animal feed additive, particularly in livestock farming, is bolstering market demand. Granular urea continues to dominate the market due to its ease of handling and application, although prilled urea maintains a significant share due to its lower production costs. Geographical segmentation reveals strong growth across several regions. Asia-Pacific, particularly China and India, represents a major market due to its vast agricultural sector and expanding livestock industry. North America and Europe also contribute significantly, although their growth rates might be slightly lower compared to the dynamic Asian markets. However, factors such as fluctuating raw material prices, stringent environmental regulations concerning nitrogen emissions, and the potential for alternative nitrogen fertilizers pose challenges to sustained market growth. Nevertheless, the overall outlook for the agriculture urea market remains positive, propelled by the ongoing need for enhanced agricultural productivity to feed a growing global population. Further research into sustainable urea production methods and efficient application techniques will be crucial in mitigating environmental concerns and supporting long-term market expansion. This comprehensive report provides an in-depth analysis of the global agriculture urea market, valued at approximately $70 billion in 2023. It examines key trends, growth drivers, challenges, and opportunities, offering valuable insights for industry stakeholders. The report features detailed segmentations by type, application, and geographic region, providing a granular understanding of market dynamics. Keywords: Urea fertilizer, granular urea, prilled urea, agriculture urea market, nitrogen fertilizer, urea price, urea production, urea demand, fertilizer industry.

Explore the factors affecting urea fertilizer prices, including global demand, supply dynamics, government policies, and energy costs. Learn strategies for managing costs and making informed purchasing decisions for efficient agricultural practices.

View monthly updates and historical trends for Black Sea Urea Spot Price. Source: World Bank. Track economic data with YCharts analytics.

Fertilizer Price: Fertilizers: Urea data was reported at 28.664 USD/50 kg in Dec 2024. This records an increase from the previous number of 28.179 USD/50 kg for Nov 2024. Fertilizer Price: Fertilizers: Urea data is updated monthly, averaging 25.987 USD/50 kg from Jan 2013 (Median) to Dec 2024, with 144 observations. The data reached an all-time high of 54.660 USD/50 kg in Apr 2022 and a record low of 18.619 USD/50 kg in Jul 2017. Fertilizer Price: Fertilizers: Urea data remains active status in CEIC and is reported by Ministry of Agriculture and Livestock. The data is categorized under Global Database’s Ecuador – Table EC.RI003: Agrochemicals and Fertilizers Price.

Discover the latest insights on the global urea fertilizer market, projected to reach $57.15 billion in 2025 with a steady 1.8% CAGR through 2033. Analyze market drivers, trends, restraints, and key players shaping this crucial agricultural sector. Learn about regional market shares and growth projections.

According to Cognitive Market Research, the global Urea market size will be USD 81,624.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2025 to 2033.

North America held the major market share for around 37% of the global revenue with a market size of USD 30,201.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2025 to 2033.
Europe accounted for a market share of nearly 29% of the global revenue with a market size of USD 23,671.13 million and will grow at a compound annual growth rate (CAGR) of 2.3% from 2025 to 2033.
Asia Pacific held a market share of around 24% of the global revenue with a market size of USD 19,589.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
South America had a market share of approximately 3.8% of the global revenue with a market size of USD 3,101.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033.
Middle East held a market share of nearly 4.00% of the global revenue and was estimated at a market size of USD 3,264.98 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 1,795.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Granular urea category is the fastest growing segment of the Urea industry

Market Dynamics of Urea Market

Key Drivers for Urea Market

Rising Global Population Driving Demand for Urea Fertilizers

The steady increase in the global population, which is placing significant pressure on the agriculture sector to boost food production. According to recent projections by the United Nations, the world population is expected to reach approximately 8.5 billion by 2030, 9.7 billion by 2050, and over 10 billion by the end of this century. This surge in population is directly increasing the global demand for food, which, in turn, is driving the need for more efficient agricultural practices. Urea, as one of the most widely used nitrogen-based fertilizers, plays a vital role in enhancing soil fertility and improving crop yields. Its cost-effectiveness, ease of application, and ability to support high-output farming make it an essential input for farmers worldwide. As arable land becomes increasingly limited and the pressure to maximize productivity rises, the role of urea in sustaining food supply becomes more critical, thereby fueling consistent growth in the global urea market.

https://population.un.org/dataportal/home?df=d81f2da9-00aa-4009-af0d-4934c38dcdb3

Government Support and Subsidies Encouraging Fertilizer Usage

Government initiatives and subsidies aimed at increasing agricultural productivity are bolstering the urea market. Many countries, especially in Asia-Pacific and Africa, offer financial incentives and subsidies on fertilizers to support farmers and improve food security. These efforts lower the cost burden on end-users and increase the accessibility and adoption of urea across small and large farming operations. Additionally, public sector investments in urea manufacturing facilities and partnerships with private producers further boost local production. As global governments continue to prioritize food sustainability and rural development, such policy-driven support plays a pivotal role in propelling the urea market forward.

Restraint Factor for the Urea Market

Volatile Raw Material Costs and High Production Expenses Hamper Market Growth

The urea market is highly sensitive to fluctuations in the prices of raw materials such as natural gas, which is a key input in urea production. Global disruptions ranging from geopolitical tensions to energy supply shortages can lead to significant increases in natural gas prices, thereby elevating the cost of urea manufacturing. This volatility affects both producers and end-users, as increased production expenses may result in higher market prices or reduced profitability. Additionally, energy-intensive production methods further strain margins in regions with high power costs. These economic pressures can hinder expansion and discourage investments, posing a restraint to consistent market growth.

Key trends to Urea Market

Change to Specialty Controlled/Slow-Release Urea Varieties coated with...

Discover the latest insights on the booming urea fertilizer market. This comprehensive analysis explores market size, CAGR, key drivers, trends, and restraints, profiling major players like Yara, CF Industries, and Nutrien. Learn about regional market share and future growth projections to 2033.

Explore the complex factors influencing urea fertilizer pricing, including production costs, global demand, energy prices, and international trade conditions. Understand how these elements affect agricultural stakeholders and strategies for cost management in the face of fluctuating markets.

The global urea market, valued at $117.85 billion in 2025, is poised for significant growth. While the exact CAGR is not provided, considering the widespread agricultural application of urea and the increasing global population demanding more food, a conservative estimate of 4% annual growth is reasonable, considering recent market trends and projections for fertilizer demand. This would place the market size at approximately $156 billion by 2033. Key drivers include rising global food demand, intensifying agricultural practices requiring higher fertilizer input, and the increasing use of urea in industrial applications like resins and pharmaceuticals. However, fluctuating energy prices (a significant input cost in urea production) and the increasing adoption of alternative nitrogen fertilizers pose considerable restraints. The market is segmented by type (granular and prilled urea) and application (agriculture and industrial), with agriculture dominating the consumption. Granular urea, offering ease of application and storage, currently holds a larger market share compared to prilled urea. Regional analysis reveals strong growth in Asia-Pacific, driven by large-scale farming practices in countries like India and China, while North America and Europe maintain significant market presence due to established agricultural infrastructure. The competitive landscape is dominated by global giants like Yara, CF Industries, and Nutrien, alongside several prominent Chinese manufacturers. These players are constantly innovating to improve production efficiency, reduce environmental impact, and develop sustainable urea solutions. The future of the urea market is influenced by factors such as government policies promoting sustainable agriculture, technological advancements in fertilizer efficiency, and the ongoing geopolitical landscape affecting energy and commodity prices. Companies are investing in research and development to enhance fertilizer efficiency, reducing the environmental footprint of urea production and increasing the value proposition for farmers. A focus on optimizing fertilizer application techniques, improving crop yields, and fostering collaborations across the value chain will be crucial in driving market expansion in the forecast period (2025-2033). The increasing demand for higher-quality, controlled-release urea formulations represents a significant opportunity for growth.

Subsidized urea price (median-USD kg-1), percentage of the non-subsidized urea price, and number of observations per country (values between parenthesis). Slope (USD kg-1) of the regression models between subsidized and non-subsidized prices.

This statistic displays the potential global supply of urea fertilizer from 2014 to 2024. In 2024, the potential supply of urea fertilizers is expected to reach 203 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.

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Singapore Urea Market Size 2025-2029

The urea market in Singapore size is forecast to increase by 3.57 thousand at a CAGR of 2.8% between 2024 and 2029.

The market is experiencing significant growth, driven by the expansion of regional trade and export activities. This trend is fueled by the increasing demand for urea, particularly in the agricultural sector, where it serves as a crucial nitrogen source for enhancing crop productivity. Additionally, the emergence of nano urea, a more efficient and environmentally-friendly form of urea, is gaining traction in the market. However, price volatility poses a challenge to market growth, as fluctuations in the cost of raw materials and logistics can impact the profitability of urea producers and distributors.
To stay competitive, market players must closely monitor these trends and adapt to the evolving market landscape. By exploring deeper insights into the Urea market's dynamics, businesses can gain a strategic advantage and capitalize on opportunities for growth.

What will be the Size of the Market During the Forecast Period?

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The Singapore urea market is characterized by the intersection of waste management, renewable energy, and plant science. Coal-based urea production, a significant contributor to the market, faces increasing pressure from emissions mitigation efforts. Crop nutrient requirements drive demand for urea-ammonium nitrate and organic fertilizers, with farmer education crucial for optimal nutrient uptake. Renewable energy sources, such as natural gas, reduce the carbon footprint of ammonia production. Integrated nutrient management, including nitrogen fixation and plant growth regulators, is gaining traction in the circular economy. Urea hydrolysis and ammonium bicarbonate offer alternatives to synthetic fertilizers, while wholesale distribution and retail channels ensure wide availability.
Water quality concerns and nitrogen use efficiency are key challenges, as are energy consumption and greenhouse gas emissions. Agricultural research focuses on improving soil health and reducing fertilizer application rates. The market dynamics of the Singapore urea market are shaped by these trends and challenges, making it an intriguing space for business readers.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD thousand' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Granular urea
  Prilled urea
  Liquid urea
  Urea-ammonium nitrate (UAN) solution


End-user

  Agriculture
  Chemicals and manufacturing
  Automotive
  Pharmaceuticals


Distribution Channel

  Bulk Suppliers
  Retail
  Online Platforms


Geography

  APAC

    Singapore

By Type Insights

The granular urea segment is estimated to witness significant growth during the forecast period.

In the agricultural sector of Singapore, urea, a vital component of fertilizers, plays a significant role in enhancing crop productivity for cash crops such as food and rubber. The market is characterized by a complex supply chain, involving production, synthesis, and distribution. Urea is primarily produced through the ammonia synthesis process, which involves the conversion of nitrogen from the air into ammonia and subsequent reaction with carbon dioxide to form urea. Urea fertilizer is a crucial input for precision farming, a modern agricultural approach that employs digital technology, remote sensing, and soil analysis to optimize nutrient management and reduce emissions.

Urea's nitrogen content, which stands at 46%, makes it an essential nutrient for various food crops and palm oil plantations. Urea's versatility is evident in its application methods, including broadcast application, granular application, and controlled-release urea for sustainable agriculture. Price fluctuations, economic factors, and trade agreements influence the urea market's dynamics. Urea imports and exports contribute to the market's volatility, with Singapore being a significant importer of urea due to its limited production capacity. Government policies and environmental regulations also impact the market, with a focus on energy efficiency, emissions reduction, and sustainability initiatives. Urea manufacturing companies prioritize these factors to meet the evolving demands of the agricultural sector and maintain a competitive edge.

Data analytics and yield forecasting are integral to optimizing crop productivity and managing demand and supply effectively. Urea plants employ advanced technologies such as digital agriculture and smart farming to improve yield and reduce waste. The distribution network plays a crucial role in ensuring the timely delivery of urea to farmers, with storage facilities strategically located to cater

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 *** 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.