Urea Price Trend, Chart, Index, Monitor, News 2024, Analysis and Demand

𝗨𝗿𝗲𝗮 𝗣𝗿𝗶𝗰𝗲𝘀 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯: 

• 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 " delivers a comprehensive analysis of urea prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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 market, equipping stakeholders with the latest information on market 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- 𝗤𝟰 𝟮𝟬𝟮𝟯

The global urea market is being propelled by a complex interplay of supply chain disruptions, fluctuating raw material costs, and varying regional demand patterns. A primary driver is the cost of ammonia, a crucial raw material for urea production, which has been subject to volatility, influencing urea prices and production strategies. Internationally, the market dynamics are heavily influenced by demand fluctuations, particularly in major agricultural regions preparing for planting seasons, such as India during the Kharif season. This demand surge is often countered by logistical challenges, including plant shutdowns and transportation bottlenecks, which were notably severe in North America due to freezing weather conditions and logistical disruptions along critical routes like the Mississippi River.

𝗨𝗿𝗲𝗮 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

The global urea market size reached 𝗨𝗦$ 𝟱𝟭.𝟵 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟯. 𝗕𝘆 𝟮𝟬𝟯𝟮, IMARC Group expects the market to reach 𝗨𝗦$ 𝟱𝟵.𝟵 𝗕𝗶𝗹𝗹𝗶𝗼𝗻, 𝗮𝘁 𝗮 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟭.𝟲𝟬% 𝗱𝘂𝗿𝗶𝗻𝗴 𝟮𝟬𝟮𝟯-𝟮𝟬𝟯𝟮. Moreover, geopolitical factors and trade policies play a significant role. For instance, China's withdrawal from the fertilizer export market has shifted the demand to other regions, stressing the North American and European markets. Environmental regulations, particularly in the APAC region, have also constrained production capacities, leading to supply shortages that intermittently push prices upwards. Overall, the urea market is shaped by a delicate balance of supply-side constraints and demand-driven by agricultural cycles, underscored by an overlay of international trade flows and regulatory environments.

In North America, urea prices were influenced by several key factors in the last quarter. The absence of China from the global fertilizer market prompted a significant rise in demand from Asian countries, notably India, gearing up for the Kharif planting season. This was juxtaposed against domestic fluctuations in demand as local farmers prepared for spring planting, hindered by poor weather conditions. Several critical plant shutdowns due to freezing temperatures further strained the supply, leading to shortfalls that were exacerbated by logistical challenges, including disruptions along the Mississippi River. These factors collectively necessitated price adjustments by traders to manage profit margins amidst increased shipping costs and supply shortages.

In the APAC region, urea prices experienced notable volatility primarily due to enhanced material availability and subdued demand following the peak planting season. The initial surplus in supplies was supported by favorable weather conditions boosting local production. However, regulatory restrictions in China and unforeseen operational disruptions at key manufacturing sites led to unexpected shortages, prompting a late-quarter price increase. The shift towards preparations for the wheat and barley planting season mildly bolstered demand, contributing to the complex pricing landscape that saw a marginal price rise at the quarter's end.

European urea prices saw significant fluctuations, starting with a sharp price spike due to a demand-supply imbalance, particularly from Russia. The quarter progressed with disruptions caused by adverse weather affecting production. The resumption of production was slow, leading to a sustained decline in prices as broader market trends indicated decreasing demand. This was further impacted by prolonged rainfall in northern regions, extending the application period for fertilizers and delaying immediate demand for urea, thus affecting the overall market dynamics throughout the quarter.

In South America, particularly in Brazil, urea prices were buoyed by optimistic market sentiments driven by the amelioration of drought conditions, enhancing agricultural prospects. Despite improved weather facilitating crop sowing, restrictions on the Panama Canal reduced urea import capacities, tightening the local market supply. The seasonal resurgence in demand due to the commencement of harvesting and favorable conditions for summer crops also played a crucial role in the sequential price increases observed over the quarter.

The Middle East and Africa (MEA) region saw urea prices impacted by several factors including trade uncertainties, particularly around the Red Sea, which led to higher freight rates and supply chain disruptions. Weak demand both domestically and internationally, coupled with an oversupply in early parts of the quarter, led to price declines. The geopolitical tensions and resultant trade diversions further complicated the market environment, suppressing demand and contributing to the ongoing price volatility observed throughout the quarter.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/urea-pricing-report

𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗿𝗲𝗮 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁: 

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Urea Prices
• Urea Price Trend
• Urea Demand & Supply
• Urea Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Urea Price Analysis
• Urea Industry Drivers, Restraints, and Opportunities
• Urea News and Recent developments
• Global Event Analysis
• List of Key Players

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 

• 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• 𝗘𝘂𝗿𝗼𝗽𝗲: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: United States and Canada
• 𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
 

𝗡𝗼𝘁𝗲: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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 is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.