Urea fell to 383.25 USD/T on October 6, 2025, down 0.07% from the previous day. Over the past month, Urea's price has fallen 2.36%, but it is still 15.00% 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 , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 172.34 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.

Why did the Urea Price Change in July 2025? The Urea Price in North America have increased quarter-over-quarter in Q2 2025, reflected in a strong Price Index. Production disruptions at key facilities, including Coffeyville Resources (force majeure from June 3–6) and Koch Industries’ Dodge City plant, reduced regional availability, amplifying upward price pressure.

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

Urea prices in China fell from $360/T in Dec 2023 to $255/T in Dec 2024. Get 2025 forecast, trends & insights from Expert Market Research.

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

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.

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 global urea market, valued at approximately $XX million in 2025, is projected to experience steady growth with a compound annual growth rate (CAGR) of 4.00% from 2025 to 2033. This growth is primarily driven by the increasing demand for fertilizers in developing economies experiencing rapid agricultural expansion and population growth. Factors such as rising crop yields, government initiatives promoting agricultural development, and the increasing adoption of advanced farming techniques further contribute to the market's expansion. However, the market faces challenges including fluctuating raw material prices (natural gas being a key component), stringent environmental regulations aimed at reducing nitrogen emissions, and the potential for substitution by alternative nitrogen fertilizers. Competition among established players like Coromandel International Ltd, CF Industries Holdings Inc, Koch Industries Inc, Indian Farmers Fertiliser Cooperative Limited, EuroChem Group, SABIC Agri-Nutrients Co, Yara International AS, OCI NV, and Nutrien Ltd, is intense, leading to pricing pressures and a focus on innovation and efficiency improvements across the value chain. The market is segmented based on various factors, including application (agriculture, industrial), type (prilled, granular), and region. Future growth will likely be concentrated in regions with significant agricultural potential and supportive government policies. The forecast period (2025-2033) anticipates continued growth, though the pace might fluctuate depending on global economic conditions and agricultural output. The historical period (2019-2024) likely exhibited variations influenced by factors such as weather patterns impacting crop yields and global energy prices affecting production costs. Companies are focusing on sustainable production practices and developing new formulations to meet the growing demand while mitigating environmental concerns. Strategic partnerships, mergers, and acquisitions are anticipated as major players strive to consolidate their market positions and expand their geographic reach. The market's trajectory hinges on maintaining a balance between meeting the rising food production needs and addressing environmental sustainability concerns. Innovation in fertilizer technology and efficient distribution networks will play a crucial role in shaping the urea market’s future. Key drivers for this market are: Awareness of Landscaping Maintenance, Technological Advancements. Potential restraints include: Shortage of Skilled Labor, Wastage of High Amount of Water For Irrigating Lawns. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The average urea export price stood at $176 per ton in May 2025, with a decrease of -40.1% 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.

Number of observations collected for urea prices, number of observations of non-subsidized urea, number of observations after removing outliers (n) and number of observations after aggregating by household (values between parenthesis), and the percent of outliers detected (%) for each data source.

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.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Urea (WPU0652013A6) from Jan 1959 to Dec 2014 about chemicals, production, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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.

Key trends to Urea Market

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

Graph and download economic data for Producer Price Index by Industry: Nitrogenous Fertilizer Manufacturing: Synthetic Ammonia, Nitric Acid, Ammonium Compounds, and Urea (PCU325311325311A) from Dec 2014 to Aug 2025 about fertilizers, synthetic, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Snapshot img

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?

Request Free Sample

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