Urea Prices, Demand, News, Chart and Forecast

𝐔𝐫𝐞𝐚 𝐏𝐫𝐢𝐜𝐞 𝐢𝐧 𝐔𝐒𝐀

• 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 470 USD/MT
• 𝐂𝐡𝐢𝐧𝐚: 350 USD/MT
• 𝐄𝐮𝐫𝐨𝐩𝐞: 410 USD/MT

The latest report by IMARC Group, titled "𝐔𝐫𝐞𝐚 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒: 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚," provides a thorough examination of the Prices. This report delves into the price of Urea globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴: 

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription

The study delves into the factors affecting urea price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the Industry, equipping stakeholders with the latest information on Industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/urea-pricing-report/requestsample

𝐔𝐫𝐞𝐚 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝- 𝐋𝐚𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫

The global urea market is primarily driven by the increasing demand for fertilizer in the agriculture sector, as urea contains a high nitrogen content, essential for plant growth. This demand is particularly strong in emerging economies where agricultural expansion and modernization are priorities. Additionally, the industrial sector contributes to the rise in urea demand, using it in applications such as adhesives, plastics, and pharmaceuticals. Environmental regulations also play a significant role. Moreover, urea-based products are used to reduce harmful emissions from diesel engines through selective catalytic reduction technology, which converts nitrogen oxides into harmless gases.

Furthermore, innovations in production methods have improved efficiency and environmental compliance, making urea production more economically viable. Besides, the volatility in natural gas prices, a primary feedstock for urea, occasionally lowers production costs, thus boosting market growth by making urea-based products more competitive in agricultural and industrial markets across the globe.

𝐔𝐫𝐞𝐚 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The North America market faced fluctuations in the second quarter of 2024. Initially, prices fell due to subdued requirements from key fertilizer sectors and severe weather impacts, including geomagnetic storms and heatwaves. Despite a surplus in urea production and high inventory levels, a late-quarter surge in prices occurred, fueled by the peak sowing season and enhanced requirements from Asian markets, reflecting a complex interplay of local and international market forces. Moreover, the Asia-Pacific urea market experienced price declines in the early part of Q2 2024, primarily influenced by lower freight costs and an excess supply.

While export limitations and reduced seasonal demand suppressed market activity, weather adversities like heavy rains affected agriculture, limiting fertilizer needs. However, by the end of the quarter, the market regained balance as production aligned more closely with consistent requirements from the agricultural sector, notably from fruit growers. Apart from this, Q2 2024 witnessed a sharp decline in urea prices in Europe, primarily as a result of adverse weather that reduced agricultural requirements and caused windstorms and floods.

Moreover, constant cargo inflows despite diplomatic indecision compounded the excess on the market, stifling industrial and agricultural uptake. Along with this, during the quarter, this resulted in a pessimistic attitude and decreased activity in downstream industries.

Besides this, the Middle East and African (MEA) urea market demonstrated variability in Q2 2024, with prices declining initially due to decreased contractual netbacks. However, prices rebounded considerably toward the end of the quarter. Besides, increased manufacturing costs, geopolitical shifts, and constrained supply chains, notably a halt on fertilizer exportations to India by China, created a tight market dynamic that pushed prices upward, marking a period of pronounced instability and price escalation.

Furthermore, during Q2 2024, the urea market in Latin America showed mixed trends, with initial price decreases followed by a mild recovery in demand toward the quarter's end. Challenges such as adverse weather and limited demand due to financial constraints among farmers influenced market conditions. Despite a late surge in prices, the overall demand for urea remained subdued, reflecting the region's complex agricultural and economic landscapes.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:
𝗜𝗠𝗔𝗥𝗖 𝗚𝗿𝗼𝘂𝗽
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼:(𝗗) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀: 

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.