Urea Price Index

Urea Price Trend, Index and Forecast

Track real-time and historical urea prices across global regions. Updated monthly with market insights, drivers, and forecasts.

Urea Prices October 2025

Urea Price Index (USD/KG):

The chart below highlights monthly urea prices across different regions.

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Market Overview Q3 Ending September 2025

Northeast Asia: Urea prices experienced downward pressure. Weak agricultural demand in China and South Korea, combined with subdued industrial consumption in Japan, contributed to the softening trend. On the supply side, Chinese production remained steady, but export availability increased due to lower domestic off-take, putting additional pressure on regional markets. Currency fluctuations against the US dollar, raised import costs but failed to offset the general downward momentum. International freight rates from ports to Southeast Asia also eased, reducing landed costs and intensifying price competition. Moreover, stricter customs checks in South Korea slowed clearance times, affecting supply chain efficiency.

Africa: The region’s demand was primarily shaped by seasonal agricultural cycles, with reduced fertilizer application following peak planting in North and West Africa. Nigeria’s domestic urea production, bolstered by capacity at Dangote’s fertilizer plant, maintained strong supply within the region, limiting the need for imports from the Middle East. However, East African markets such as Kenya continued to rely heavily on imports, with high port handling and logistics costs at Mombasa contributing to elevated landed prices. Currency depreciation in several African economies, including the Nigerian naira and Kenyan shilling, further escalated import costs, partially offsetting the global downward trend. Despite these pressures, robust government subsidy programs in countries like Egypt and Morocco supported farmer accessibility to fertilizers, which stabilized regional consumption. The net effect was a modest softening in overall price trends without significant volatility compared to other regions.

Europe: The demand downturn was linked to subdued agricultural off-take following peak summer usage and weaker industrial demand, particularly in the melamine and resins sector. Supply-side dynamics were influenced by stable production levels in Russia and the resumption of export flows through Black Sea ports, increasing regional availability. However, high natural gas prices, critical for urea production remained a key cost driver, particularly in Western and Central Europe, keeping production costs elevated despite declining end-user demand. Import volumes from North Africa and the Middle East also rose, aided by relatively lower shipping costs, further intensifying competitive pressures. Additionally, compliance with EU’s environmental regulations increased handling and certification expenses for importers. The combined impact of steady supply, rising imports, and muted demand pulled European urea prices downward through Q3 2025.

Middle East: Strong supply from leading producers in Qatar, Saudi Arabia, and the UAE ensured abundant regional availability. Export competitiveness remained intact due to proximity advantages in shipping to both Africa and South Asia, although freight costs to distant destinations like Europe saw marginal easing. Demand-side conditions were muted, as domestic agricultural consumption was seasonally low, leaving most output for exports. Currency stability in the Gulf Cooperation Council (GCC) countries, pegged against the US dollar, ensured minimal import cost fluctuations. However, tightening environmental compliance and stricter customs inspections at certain ports increased handling times, impacting the speed of shipments. Rising domestic logistics expenses also contributed to cost escalations, although these were overshadowed by stable supply and limited demand growth. As a result, Middle Eastern urea prices softened but remained higher than most regions due to sustained export demand.

Urea Price Trend, Market Analysis, and News 

IMARC's latest publication, “Urea Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the urea market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of urea at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed urea prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting urea pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Urea Industry Analysis

The global urea industry size reached USD 52.7 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 60.2 Billion, at a projected CAGR of 1.50% during 2025-2033. Growth in the global urea market is driven by its critical role in agriculture as a high-nitrogen fertilizer, expanding industrial applications in resins, adhesives, and plastics, and growing demand for diesel exhaust fluid (DEF) in automotive emissions control systems.

Latest developments in the Urea industry:

• June 2025: BASF and Yuntianhua completed verification and registration of greenhouse gas emissions reductions resulting from the use of stabilized urea fertilizer containing BASF’s Limus® urease inhibitor. The pilot project in China confirmed reductions of approximately 46,584 metric tons of CO₂ equivalent, independently verified under ISO 14064 standards, with plans for broader rollout.
• June 2022: PT Pupuk Kalimantan Timur (Pupuk Kaltim) declared they were considering a project to establish a factory in West Papua’s Bintuni Bay, Indonesia, that can convert natural gas into urea, ammonia, and methanol.
• May 2022: IFFCO (Indian Farmers' Fertiliser Cooperative Limited) announced business expansion by installing the first IFFCO nano urea (liquid) production unit in Kalol, Gujarat, India, with an investment of INR 175 crore (approximately USD 21.52 million).

Product Description

Urea (chemical formula CO(NH₂)₂) is a crystalline organic compound produced industrially by reacting ammonia with carbon dioxide. It is highly valued for its high nitrogen content, making it the most widely used nitrogen fertilizer globally. Urea is colorless, odorless, and highly soluble in water, characteristics that enhance its efficiency as a soil nutrient. Industrially, it is employed in the manufacture of urea-formaldehyde resins, adhesives, plastics, and coatings. Additionally, urea plays a crucial role in environmental applications, particularly in diesel exhaust fluid (DEF) systems that reduce nitrogen oxide emissions. Its versatility, cost-effectiveness, and essential role in global food security and industrial processes underpin its widespread adoption across multiple sectors.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of urea pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting urea price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The urea price charts ensure our clients remain at the forefront of the industry.