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 global urea market size was USD 98.9 billion in 2024 & is projected to grow from USD 103.2 billion in 2025 to USD 154.1 billion by 2033.
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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.

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.

Global Urea Phosphate market size 2021 was recorded $481.546 Million whereas by the end of 2025 it will reach $598 Million. According to the author, by 2033 Urea Phosphate market size will become $922.206. Urea Phosphate market will be growing at a CAGR of 5.564% during 2025 to 2033.

The Cuban urea market plummeted to $X in 2021, declining by -21.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

In 2021, Russia (X tons), China (X tons), Qatar (X tons), Saudi Arabia (X tons), Nigeria (X tons), Oman (X tons), Algeria (X tons), Egypt (X tons), the United Arab Emirates (X tons), Indonesia (X tons), Malaysia (X tons) and the Netherlands (X tons) was the largest exporter of urea in the world, generating 79% of total export. Poland (X tons) took a little share of total exports.

Global Fertilizer Additives market size 2021 was recorded $3218.82 Million whereas by the end of 2025 it will reach $3741 Million. According to the author, by 2033 Fertilizer Additives market size will become $5053.25. Fertilizer Additives market will be growing at a CAGR of 3.83% during 2025 to 2033.

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.

Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.

Global Urea Formaldehyde Concentrate - UFC market size 2021 was recorded $8136.29 Million whereas by the end of 2025 it will reach $9889.71 Million. According to the author, by 2033 Urea Formaldehyde Concentrate - UFC market size will become $14611.6. Urea Formaldehyde Concentrate - UFC market will be growing at a CAGR of 5% during 2025 to 2033.

Global NN Dimethyl Propylene Urea market size 2021 was recorded $770.072 Million whereas by the end of 2025 it will reach $1043.8 Million. According to the author, by 2033 NN Dimethyl Propylene Urea market size will become $1917.74. NN Dimethyl Propylene Urea market will be growing at a CAGR of 7.9% during 2025 to 2033.

Asia Pacific Urea Formaldehyde Market is expected to grow during 2025-2031

In 2024, the West African urea market was finally on the rise to reach $685M for the first time since 2021, thus ending a two-year declining trend. In general, consumption posted a buoyant increase. The level of consumption peaked at $1.2B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

Europe Urea Formaldehyde Market is expected to grow during 2025-2031

Latin America Urea Formaldehyde Resins Market is expected to grow during 2025-2031

Global Nitrogenous Fertilizer Market size was valued at USD 57.8 billion in 2021 and is poised to grow from USD 60.98 billion in 2022 to USD 92 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).

In 2024, after three years of decline, there was significant growth in the Myanmar's urea market, when its value increased by 32% to $110M. In general, consumption, however, recorded a noticeable downturn. Urea consumption peaked at $230M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

Global Urea Formaldehyde market size 2021 was recorded $13407 Million whereas by the end of 2025 it will reach $15890.4 Million. According to the author, by 2033 Urea Formaldehyde market size will become $22322.4. Urea Formaldehyde market will be growing at a CAGR of 4.34% during 2025 to 2033.