China - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in China - 2023
Contents:
- Urea Price in China (FOB) - 2023
- Urea Price in China (CIF) - 2022
- Urea Exports in China
- Urea Imports in China
Urea Price in China (FOB) - 2023
In August 2023, the average urea export price amounted to $328 per ton, surging by 5% against the previous month. In general, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in October 2022 an increase of 5.5% against the previous month. As a result, the export price attained the peak level of $574 per ton. From November 2022 to August 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In August 2023, the highest price was recorded for prices to Japan ($412 per ton) and Australia ($377 per ton), while the average price for exports to Chile ($311 per ton) and Myanmar ($321 per ton) were amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (0.0%), while the prices for the other major destinations experienced a decline.
Urea Price in China (CIF) - 2022
The average urea import price stood at $638 per ton in 2022, waning by -63.8% against the previous year. In general, the import price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 245% against the previous year. As a result, import price reached the peak level of $1,759 per ton, and then plummeted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,683 per ton), while the price for France ($147 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+74.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Urea Exports in China
In 2022, overseas shipments of urea decreased by -46.4% to 2.8M tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 10%. As a result, the exports attained the peak of 5.4M tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, urea exports dropped sharply to $1.6B in 2022. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of $2.1B, and then reduced markedly in the following year.
| Export of Urea in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 655 | 766 | 1,178 | 681 | 1.3% |
| South Korea | 149 | 142 | 245 | 240 | 17.2% |
| Pakistan | N/A | N/A | N/A | 220 | 0% |
| Japan | 48.8 | 44.2 | 51.5 | 53.8 | 3.3% |
| Taiwan (Chinese) | 20.7 | 16.1 | 29.0 | 48.2 | 32.5% |
| Philippines | 21.6 | 16.2 | 23.9 | 46.2 | 28.8% |
| Malaysia | 7.7 | 10.3 | 8.9 | 44.5 | 79.5% |
| Myanmar | 34.5 | 57.3 | 21.5 | 40.1 | 5.1% |
| Australia | 73.0 | 37.5 | 50.4 | 30.9 | -24.9% |
| Chile | 71.9 | 38.4 | 95.3 | 12.8 | -43.7% |
| Mexico | 76.3 | 101 | 159 | 9.4 | -50.2% |
| Bangladesh | 109 | 60.7 | N/A | N/A | -44.3% |
| Others | 137 | 131 | 283 | 145 | 1.9% |
| Total | 1,405 | 1,421 | 2,145 | 1,571 | 3.8% |
Top Export Markets for Urea from China in 2022:
- Bangladesh (undefinedK tons)
- India (1238.6K tons)
- Pakistan (433.6K tons)
- South Korea (397.6K tons)
- Philippines (86.9K tons)
- Japan (84.3K tons)
- Taiwan (Chinese) (82.4K tons)
- Malaysia (80.8K tons)
- Myanmar (76.7K tons)
- Australia (49.6K tons)
- Chile (18.2K tons)
- Mexico (14.6K tons)
Urea Imports in China
In 2022, the amount of urea imported into China shrank markedly to 5.4K tons, with a decrease of -66.6% against the previous year's figure. In general, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 385% against the previous year.
In value terms, urea imports shrank notably to $3.4M in 2022. Overall, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,574% against the previous year.
| Import of Urea in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | 1.8 | 1.9 | 5.6% |
| Germany | 0.6 | 0.4 | 0.3 | 0.6 | 0.0% |
| Taiwan (Chinese) | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Japan | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| United States | 0.7 | 0.2 | 0.3 | 0.2 | -34.1% |
| France | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Russia | 1.6 | N/A | N/A | N/A | 0% |
| Malaysia | 5.6 | N/A | N/A | N/A | 0% |
| Indonesia | 21.7 | N/A | 24.9 | N/A | 7.1% |
| Iran | 14.5 | N/A | N/A | N/A | 0% |
| Netherlands | 1.0 | 0.4 | 0.4 | N/A | -36.8% |
| Others | 0.2 | 0.2 | 0.4 | 0.1 | -20.6% |
| Total | 46.5 | 1.7 | 28.4 | 3.4 | -58.2% |
Top Suppliers of Urea to China in 2022:
- Indonesia (undefined tons)
- Uzbekistan (3878.8 tons)
- France (504.4 tons)
- Taiwan (Chinese) (303.9 tons)
- Germany (173.6 tons)
- Netherlands (148.5 tons)
- Japan (134.0 tons)
- United States (117.9 tons)
- Malaysia (0.7 tons)
This report provides an in-depth analysis of the urea market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4001 - Urea
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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