U.S. - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in the United States - 2023
Contents:
- Urea Price in the United States (CIF) - 2023
- Urea Price in the United States (FOB) - 2023
- Urea Imports in the United States
- Urea Exports in the United States
Urea Price in the United States (CIF) - 2023
In September 2023, the average urea import price amounted to $343 per ton, reducing by -2.4% against the previous month. Over the period under review, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 2.8% against the previous month. As a result, import price attained the peak level of $586 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Algeria ($487 per ton), while the price for the Netherlands ($208 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Algeria (-2.3%), while the prices for the other major suppliers experienced a decline.
Urea Price in the United States (FOB) - 2023
In September 2023, the average urea export price amounted to $264 per ton, with a decrease of -31.9% against the previous month. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in August 2023 an increase of 109% month-to-month. Over the period under review, the average export prices reached the maximum at $757 per ton in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($481 per ton), while the average price for exports to Argentina ($100 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+39.0%), while the prices for the other major destinations experienced mixed trend patterns.
Urea Imports in the United States
In 2022, imports of urea into the United States reduced sharply to 5.1M tons, falling by -19.1% on the year before. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 6.3M tons, and then dropped sharply in the following year.
In value terms, urea imports soared to $3.1B in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Urea in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 431 | 290 | 491 | 680 | 16.4% |
| Oman | 25.9 | 44.0 | 268 | 520 | 171.8% |
| Russia | 167 | 138 | 400 | 457 | 39.9% |
| Canada | 273 | 222 | 338 | 363 | 10.0% |
| Saudi Arabia | 155 | 136 | 241 | 347 | 30.8% |
| Nigeria | 12.6 | 9.5 | 14.4 | 212 | 156.2% |
| Algeria | 120 | 74.1 | 303 | 171 | 12.5% |
| Trinidad and Tobago | 57.6 | 43.1 | 91.8 | 63.8 | 3.5% |
| Netherlands | 36.8 | 15.9 | 25.8 | 47.3 | 8.7% |
| Egypt | 59.9 | 44.0 | 45.1 | N/A | -13.2% |
| Others | 113 | 87.4 | 206 | 218 | 24.5% |
| Total | 1,451 | 1,103 | 2,423 | 3,080 | 28.5% |
Top Suppliers of Urea to the United States in 2022:
- Qatar (1093.1K tons)
- Oman (798.0K tons)
- Russia (733.6K tons)
- Saudi Arabia (694.9K tons)
- Canada (525.3K tons)
- Nigeria (280.9K tons)
- Algeria (270.2K tons)
- Netherlands (126.7K tons)
- Trinidad and Tobago (79.9K tons)
Urea Exports in the United States
In 2022, approx. 1.4M tons of urea were exported from the United States; increasing by 383% compared with 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea exports soared to $944M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Urea in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 91.7 | 142 | 118 | 470 | 72.4% |
| Mexico | 13.2 | 18.5 | 11.0 | 114 | 105.2% |
| Chile | 46.3 | 44.2 | 0.3 | 84.3 | 22.1% |
| Poland | N/A | N/A | N/A | 39.3 | 0% |
| Argentina | N/A | N/A | N/A | 35.2 | 0% |
| Colombia | 3.8 | 11.6 | 0.8 | 32.1 | 103.7% |
| Brazil | 2.1 | 10.2 | 4.5 | 27.3 | 135.1% |
| Honduras | 0.7 | 0.5 | 1.6 | 25.4 | 231.1% |
| Spain | 0.5 | 0.5 | 0.5 | 20.7 | 245.9% |
| Lithuania | N/A | N/A | N/A | 17.8 | 0% |
| Uruguay | N/A | N/A | N/A | 14.3 | 0% |
| Others | 15.7 | 16.2 | 20.1 | 63.4 | 59.2% |
| Total | 174 | 243 | 156 | 944 | 75.7% |
Top Export Markets for Urea from the United States in 2022:
- Canada (632.4K tons)
- Mexico (162.5K tons)
- Chile (151.0K tons)
- Colombia (67.2K tons)
- Argentina (57.1K tons)
- Lithuania (52.4K tons)
- Brazil (44.2K tons)
- Uruguay (36.0K tons)
- Poland (35.3K tons)
- Honduras (34.5K tons)
- Spain (33.5K tons)
This report provides an in-depth analysis of the urea market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
-
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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