Urea rose to 454 USD/T on July 28, 2025, up 0.22% from the previous day. Over the past month, Urea's price has risen 11.41%, and is up 45.28% 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.

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

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.

China Retail Price: Agri Material: Urea, N 46%: Domestic Made data was reported at 2.250 RMB/kg in Mar 2025. This records a decrease from the previous number of 2.290 RMB/kg for Feb 2025. China Retail Price: Agri Material: Urea, N 46%: Domestic Made data is updated monthly, averaging 2.110 RMB/kg from Jan 2007 (Median) to Mar 2025, with 219 observations. The data reached an all-time high of 3.350 RMB/kg in Jun 2022 and a record low of 1.620 RMB/kg in Oct 2016. China Retail Price: Agri Material: Urea, N 46%: Domestic Made data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: Retail Price: Agricultural Material.

The average urea import price stood at $455 per ton in March 2025, surging by 9% against the previous month.

The global urea market reached a volume of 177.21 MMT in 2024. It is expected to grow at a CAGR of 0.90% between 2025 and 2034 driven by the growing demand as a fertiliser from the agriculture sector. The market is expected to reach a volume of 193.82 MMT in 2034.

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.

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. Introduction of the Urea Market

The urea market encompasses the production, distribution, and utilization of...

Australia Farm Inputs Price: Fertiliser: Urea data was reported at 405.360 AUD/Ton in 2019. This records a decrease from the previous number of 414.625 AUD/Ton for 2018. Australia Farm Inputs Price: Fertiliser: Urea data is updated yearly, averaging 216.527 AUD/Ton from Jun 1971 (Median) to 2019, with 49 observations. The data reached an all-time high of 585.244 AUD/Ton in 2008 and a record low of 81.000 AUD/Ton in 1972. Australia Farm Inputs Price: Fertiliser: Urea data remains active status in CEIC and is reported by Australian Bureau of Agricultural and Resource Economics and Sciences. The data is categorized under Global Database’s Australia – Table AU.P002: Agricultural Commodity Prices.

Indonesia Wholesale Price Index: Manufacturing: Fertilizer: Urea data was reported at 163.780 2000=100 in Dec 2008. This records an increase from the previous number of 162.870 2000=100 for Nov 2008. Indonesia Wholesale Price Index: Manufacturing: Fertilizer: Urea data is updated monthly, averaging 108.985 2000=100 from Jan 2000 (Median) to Dec 2008, with 108 observations. The data reached an all-time high of 163.780 2000=100 in Dec 2008 and a record low of 98.560 2000=100 in Apr 2000. Indonesia Wholesale Price Index: Manufacturing: Fertilizer: Urea data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB004: Wholesale Price Index: by Sector: Manufacturing.

4201 Global import shipment records of Prilled Urea with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

Explore the dynamics influencing urea prices in the global agricultural industry, including production costs, natural gas prices, and geopolitical factors, and their impact on farmers and markets as of 2023.

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.

The global urea market, valued at approximately $XX million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 1.81% from 2025 to 2033. This growth is driven by several factors, including the rising global population and the consequent increasing demand for food, which fuels the need for fertilizers in agriculture. Furthermore, advancements in agricultural practices, particularly in developing economies, are promoting higher urea consumption. The expanding chemical and automotive industries also contribute to the market's growth, albeit at a smaller scale compared to agricultural applications. However, the market faces restraints such as fluctuating energy prices, impacting production costs, and environmental concerns surrounding nitrogen runoff from excessive fertilizer use. Stringent environmental regulations and a push towards sustainable agricultural practices are influencing the industry to adopt more efficient application methods and explore alternative nitrogen sources, leading to a more nuanced growth trajectory. Market segmentation reveals that the agricultural sector dominates urea consumption, followed by the chemical industry. Key players like Acron, BASF SE, CF Industries, and Yara hold significant market shares, engaging in fierce competition through product innovation and strategic partnerships to solidify their positions. Regional analysis reveals strong growth potential in Asia-Pacific, driven by the burgeoning agricultural sectors of China and India, alongside other emerging economies within the ASEAN region. The competitive landscape is characterized by both established multinational corporations and regional players. These companies are adopting diverse strategies, including mergers and acquisitions, capacity expansions, and technological advancements, to remain competitive. The forecast period (2025-2033) will likely witness increased focus on sustainable and efficient urea production methods, driven by both environmental regulations and economic considerations. Companies are also focusing on developing value-added products and exploring new application areas to diversify their revenue streams. The overall market growth is anticipated to be influenced by global economic conditions, geopolitical events, and the effectiveness of sustainable agricultural practices adopted globally. Understanding these dynamic factors is critical for navigating the evolving urea market and capitalizing on growth opportunities. 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.

Indonesia Wholesale Price Index: Manufacturing: Chemical Manufacture: Urea Fertilizer data was reported at 120.570 2018=100 in Dec 2023. This records an increase from the previous number of 120.550 2018=100 for Nov 2023. Indonesia Wholesale Price Index: Manufacturing: Chemical Manufacture: Urea Fertilizer data is updated monthly, averaging 120.560 2018=100 from Jan 2020 (Median) to Dec 2023, with 48 observations. The data reached an all-time high of 134.190 2018=100 in Dec 2022 and a record low of 101.990 2018=100 in Mar 2020. Indonesia Wholesale Price Index: Manufacturing: Chemical Manufacture: Urea Fertilizer data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB010: Wholesale Price Index: by Sector: Manufacturing (Discontinued).

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.

The global Technical Grade Urea market, valued at $75.29 billion in 2025, is projected to experience steady growth, driven primarily by its increasing application in industrial processes such as manufacturing resins, coatings, and pharmaceuticals. The compound annual growth rate (CAGR) of 1.5% from 2025 to 2033 reflects a relatively stable market, although this rate could be influenced by fluctuations in raw material costs (natural gas being a key component) and global economic conditions. Demand is anticipated to be consistently driven by the expanding industrial sectors in developing economies. While the market is relatively mature, advancements in urea production technology leading to higher efficiency and reduced environmental impact are expected to contribute to modest growth. Competition within the market is intense, with major players including Yara International, QAFCO, and CF Industries dominating global supply chains. However, the presence of numerous regional players, particularly in China, indicates a fragmented market structure. The restraints on market growth are likely to stem from environmental concerns associated with urea production and its potential impact on water quality. Stringent environmental regulations in certain regions might lead to increased production costs and could potentially limit expansion in the foreseeable future. Furthermore, price volatility in the agricultural sector, where urea is a significant component of fertilizers, can indirectly impact the demand for technical-grade urea due to interconnectedness of these markets. Nevertheless, the continuous exploration of new applications for technical-grade urea across diverse industries should serve as a mitigating factor against these potential restraints, ensuring a predictable, albeit moderate, market growth trajectory throughout the forecast period.

The global market for Technical Grade Urea is a substantial and dynamic sector, exhibiting consistent growth. While the precise CAGR is unavailable, considering the market size of $84,500 million in 2025 and the typical growth trajectory of the fertilizer industry, a conservative estimate of the Compound Annual Growth Rate (CAGR) between 2025 and 2033 would be around 4-6%. This suggests a significant expansion of the market, driven by several factors. The increasing demand for efficient and cost-effective fertilizers in agriculture, particularly in developing economies experiencing rapid population growth and agricultural intensification, is a key driver. Furthermore, advancements in urea production technologies leading to higher efficiency and lower environmental impact are contributing to market growth. The rising awareness of sustainable agricultural practices and the need for optimized nutrient management also fuels demand for high-quality technical grade urea. However, potential restraints include fluctuations in raw material prices (natural gas being a primary feedstock), governmental regulations concerning fertilizer usage and environmental protection, and competition from alternative nitrogen fertilizers. Major players in the Technical Grade Urea market are strategically positioning themselves to capitalize on these trends. Companies like Yara International, CF Industries, and Nutrien are leveraging their established distribution networks and technological expertise to maintain market share and expand into new regions. Meanwhile, Chinese producers such as China National Petroleum Corporation and Shanxi Tianze are actively increasing their production capacity to meet growing global demand. The competitive landscape is characterized by both intense competition and collaborative efforts among companies focusing on technological innovation, sustainability, and efficient supply chain management. This dynamic market necessitates a keen understanding of emerging trends, technological advancements, and regulatory changes for successful participation and profitability.

Technical Urea Market Outlook

The global technical urea market size is projected to grow from USD 5.6 billion in 2023 to USD 8.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period. This growth is primarily driven by the increasing demand for urea in diverse industrial applications, particularly in the agriculture and automotive sectors. The market is witnessing significant expansion due to the rising global population and the corresponding increase in food demand, which necessitates enhanced agricultural productivity. Furthermore, the automotive industry's shift towards reducing emissions through the use of urea-based solutions is another pivotal growth factor.

One of the primary growth factors of the technical urea market is its extensive application in agriculture as a key nitrogen-releasing fertilizer. With the global population surging, the demand for food is escalating, which in turn drives the need for effective fertilizers. Urea, being a cost-effective and efficient nitrogen source, is extensively used to enhance crop yields. Additionally, advancements in farming techniques and the adoption of precision agriculture further fuel the demand for high-quality fertilizers, thereby bolstering the technical urea market. Governments and agricultural bodies worldwide are also emphasizing sustainable farming practices, which are likely to augment the demand for urea in the coming years.

In the automotive industry, technical urea plays a crucial role in emission control systems, particularly in diesel engines. The automotive sector is undergoing a significant transformation with stringent environmental regulations being enforced across the globe to curb emissions. Urea is utilized in selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions from diesel vehicles. This has driven substantial demand for technical grade urea, as manufacturers and consumers alike strive for compliance with environmental standards. As the global focus on reducing carbon footprints intensifies, the adoption of urea-based solutions in the automotive industry is anticipated to grow, providing a robust impetus to the market.

The chemical industry also represents a significant avenue for the growth of the technical urea market. Urea is a fundamental feedstock for the production of various chemicals, including resins, adhesives, and pharmaceuticals. The ongoing industrialization and urbanization across developing countries are enhancing the demand for these chemicals, thereby propelling the demand for urea. Furthermore, research and development activities aimed at discovering new applications of urea, such as in bio-based chemical production, are likely to open up new growth opportunities for the market. The versatility of urea as a chemical feedstock ensures its continued demand across several industrial sectors.

Urea Strippers are a critical component in the urea production process, particularly in the synthesis and purification stages. These devices are used to remove unreacted ammonia and carbon dioxide from the urea solution, ensuring the purity and quality of the final product. The efficiency of urea strippers directly impacts the overall production cost and environmental footprint of urea manufacturing plants. With advancements in technology, modern urea strippers are designed to enhance energy efficiency and reduce emissions, aligning with the industry's shift towards sustainable practices. As the demand for urea continues to rise, the role of urea strippers in optimizing production processes becomes increasingly vital, offering significant opportunities for innovation and improvement in the technical urea market.

Regionally, the Asia Pacific holds a dominant position in the technical urea market, driven by the region's burgeoning agricultural sector and the rapid industrialization in countries such as China and India. The demand for urea in agriculture to ensure food security for the large population base is a significant growth driver. Moreover, the automotive industry's expansion in this region, coupled with increasing regulatory pressures to adopt emission-reducing technologies, further augments the market growth. North America and Europe are also significant markets, with substantial investments in sustainable agriculture and emission control technologies. The technical urea market in these regions is expected to witness steady growth, supported by innovative applications and stringent environmental regulations.

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