Urea rose to 435 USD/T on July 11, 2025, up 3.57% from the previous day. Over the past month, Urea's price has risen 20.50%, and is up 38.76% compared to the same time last year, 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.

Urea prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 171.18 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

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.

The average retail price of granular urea amounted to about 1,581 Philippine pesos per 50 kilogram bag as of December 2024. The average retail price of urea peaked in 2021 and 2022.

Get the latest insights on price movement and trend analysis of Urea in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

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.

In 2024, the Myanmar's urea market was finally on the rise to reach $110M for the first time since 2020, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market reached the peak level at $230M in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

In 2024, the Kazakh urea market decreased by -18% to $5.5M, falling for the fourth year in a row after five years of growth. Overall, consumption, however, enjoyed a notable increase. Over the period under review, the market reached the peak level at $17M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

In 2024, the Vietnamese urea market increased by 2.2% to $904M for the first time since 2021, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $1B. From 2022 to 2024, the growth of the market failed to regain momentum.

The Nigerien urea market was finally on the rise to reach $423M in 2024, after two years of decline. Overall, consumption recorded a resilient expansion. Urea consumption peaked at $921M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

In 2024, the Ghanian urea market decreased by -22.5% to $16M for the first time since 2021, thus ending a two-year rising trend. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market attained the peak level at $28M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.