Urea fell to 459 USD/T on July 31, 2025, down 0.22% from the previous day. Over the past month, Urea's price has risen 11.68%, and is up 48.06% 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.

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).

In Q1 2025, the Urea prices in the USA saw a steady upward trend, driven by tight supply and strong seasonal demand. Despite volatility in Ammonia feedstock costs, prices stayed elevated due to production cuts from extreme winter weather. Force majeure declarations by key producers like OCI Beaumont LLC and CF Industries, along with freight disruptions, limited domestic availability. Agricultural demand also picked up as farmers stockpiled ahead of spring planting, especially for crops such as rice and sorghum.

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.

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

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

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.

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 increasing demand for fertilizers in developing economies experiencing agricultural expansion and population growth. The rising global food production needs, coupled with intensifying agricultural practices requiring higher nitrogen fertilization, further fuel market expansion. However, environmental concerns regarding nitrogen runoff and its impact on water bodies, along with fluctuating energy prices (a major input cost for urea production), pose significant challenges. Government regulations aimed at mitigating environmental pollution and promoting sustainable agricultural practices also influence market dynamics. The market is segmented by various factors including geographic region, application (e.g., agriculture, industrial), and production method. Major players like Yara, CF Industries, and others are constantly innovating to improve efficiency and reduce environmental impact while competing for market share. This dynamic interplay of drivers and restraints creates a complex yet promising landscape for the urea industry over the forecast period. The competitive landscape is characterized by both large multinational corporations and regional players. The presence of established industry giants ensures a stable supply, while smaller companies often specialize in niche markets or regional distribution. Technological advancements in urea production, including improved efficiency and reduced emissions, are continually shaping the market. While challenges remain, the long-term outlook for the urea market is positive, driven primarily by the enduring need for food security globally. Regional variations in growth will be determined by factors such as agricultural policies, infrastructure development, and economic conditions. Understanding these nuances is key to successfully navigating the complexities of this essential market. 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: Indiscriminate Use of Urea in Key Regions, Fluctuation in the Prices. Notable trends are: Agriculture Segment to Dominate the Market.

The global urea market size reached USD 52.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 60.2 Billion by 2033, exhibiting a growth rate (CAGR) of 1.5% during 2025-2033. The establishment of new urea production facilities and collaborations among industry players, are driving the market growth. The market is further driven by increasing agricultural demand for nitrogen-based fertilizers, growing food demand necessitating higher crop yields, ongoing advancements in urea production technology, steadily increasing product applications across industries, and favorable government policies.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on grade, application, and end-use industry.

In 2024, the U.S. urea market decreased by -8.5% to $3.7B, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a perceptible decrease. Urea consumption peaked at $6B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Why did the Urea Ammonium Nitrate Price Change in July 2025? The Urea Ammonium Nitrate Price in North America have increased by 1.8% quarter-over-quarter in Q2 2025, reflected in a strong Price Index.

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).

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

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 Jun 2025 about fertilizers, synthetic, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The global solid urea market is a substantial sector experiencing robust growth, driven primarily by the increasing demand for nitrogen-based fertilizers in agriculture. The rising global population and the consequent need for enhanced food production are key factors fueling this demand. Furthermore, the expanding use of urea in industrial applications, such as resins, adhesives, and pharmaceuticals, contributes significantly to market expansion. While precise figures for market size and CAGR are unavailable, considering the substantial presence of major players like QAFCO, Yara, and Koch, along with the consistent growth in agricultural needs, a reasonable estimation places the 2025 market size around $50 billion USD, with a projected Compound Annual Growth Rate (CAGR) of approximately 4-5% from 2025 to 2033. This growth trajectory is expected to continue, albeit potentially at a slightly moderated pace in later years as technological advancements and sustainability concerns influence fertilizer application practices. However, the market also faces challenges. Fluctuations in raw material prices (natural gas being a key component in urea production) represent a significant constraint. Furthermore, environmental concerns related to nitrogen runoff and greenhouse gas emissions from urea production and application are leading to stricter regulations in some regions, potentially slowing growth or shifting production towards more sustainable methods. Market segmentation, while not explicitly detailed, likely includes variations based on grade, application (agricultural vs. industrial), and geographical region. The competitive landscape is highly concentrated, with multinational companies and large regional players dominating the market. Future market success will depend on companies’ abilities to innovate in sustainable production methods, optimize supply chains in the face of volatile raw material prices, and adapt to evolving regulatory landscapes.

The Indian urea market expanded markedly to $15.9B in 2024, surging by 11% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2024: its value increased at an average annual rate of +1.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -22.3% against 2022 indices.

The Urea Market report segments the industry into Speciality Type (CRF, Liquid Fertilizer, SRF, Water Soluble), Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental), Form (Conventional, Speciality), and Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America). Five years of historical data and five-year forecasts are included.

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...

Urea Market Outlook

The global urea market size was valued at approximately USD 50 billion in 2023 and is projected to reach around USD 75 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period. The market's growth is primarily driven by the increasing demand for urea in the agriculture sector, where it is used extensively as a nitrogen-release fertilizer. This demand is bolstered by the rising global population and the consequent need for enhanced agricultural productivity to ensure food security. Additionally, the growing application of urea in various industrial sectors, including automotive and chemical industries, contributes significantly to market expansion.

One of the key growth factors for the urea market is the burgeoning agricultural sector. As the global population continues to rise, there is an increasing pressure on food supplies, necessitating enhanced agricultural yields. Urea, as a rich source of nitrogen, plays a pivotal role in augmenting soil fertility and crop productivity. The demand for high-efficiency fertilizers like urea is further propelled by the need to maximize output, minimize nutrient losses, and ensure the sustainability of arable land. Moreover, governments around the world are implementing supportive policies and subsidies to promote the use of fertilizers, thereby driving the urea market growth.

Apart from agriculture, the chemical industry is another major driver of the urea market. Urea is a crucial feedstock in the chemical industry for the production of various chemicals such as urea-formaldehyde resins and melamine. Its use in the automotive sector for the production of AdBlue, a solution used in selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions from diesel engines, is also gaining prominence. As environmental regulations become more stringent globally, the demand for urea in automotive applications is expected to see a significant boost, further contributing to the market's growth trajectory.

Technological advancements in urea production processes also play a vital role in the market's growth. Innovations aimed at improving the efficiency of urea synthesis, reducing energy consumption, and minimizing environmental impacts have been pivotal in enhancing production capacities and reducing costs. The development of new catalytic processes and the integration of green technologies are likely to open new avenues for market growth. Furthermore, the expansion of urea production facilities in emerging economies, with an abundant supply of raw materials and favorable government policies, supports a robust market outlook.

Regionally, Asia Pacific stands out as a dominant player in the urea market, driven by its massive agricultural base and increasing industrialization. China and India, being major consumers and producers, significantly contribute to the region's leadership. The region is anticipated to maintain its dominance over the forecast period, with a substantial CAGR. On the other hand, North America and Europe exhibit steady demand, primarily due to the industrial applications of urea and the need for reduced vehicle emissions. Meanwhile, regions such as Latin America and the Middle East & Africa show promising growth potential, supported by agricultural expansion and industrial development.

Grade Analysis

The urea market is segmented based on grade into fertilizer grade, feed grade, and technical grade, each serving distinct applications and industries. Fertilizer grade urea commands the largest share of the market due to its widespread use in agriculture. This grade of urea is crucial for soil fertilization, providing nitrogen essential for plant growth. The reliance on fertilizer grade urea is expected to remain strong, driven by the need to enhance agricultural productivity to meet the demands of an increasing global population. Moreover, the trend towards sustainable farming practices and the focus on precision agriculture further amplify the demand for high-quality fertilizer grade urea.

Feed grade urea, on the other hand, is primarily used in animal nutrition, acting as a non-protein nitrogen source in feed supplements for ruminants. The increasing demand for meat and dairy products, coupled with a focus on improving livestock productivity, fuels the growth of feed grade urea. This segment benefits from innovations in animal feed formulations aimed at optimizing nutrient intake and enhancing animal health. As the livestock industry continues to expand, particularly in developing countries, the demand for feed grade urea