Brazil - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Brazil - 2023
Contents:
- Urea Price in Brazil (CIF) - 2023
- Urea Price in Brazil (FOB) - 2023
- Urea Imports in Brazil
- Urea Exports in Brazil
Urea Price in Brazil (CIF) - 2023
In September 2023, the average urea import price amounted to $387 per ton, growing by 8.8% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. Over the period under review, average import prices reached the maximum at $638 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Algeria ($416 per ton) and Saudi Arabia ($404 per ton), while the price for Venezuela ($316 per ton) and Russia ($367 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Algeria (-3.1%), while the prices for the other major suppliers experienced a decline.
Urea Price in Brazil (FOB) - 2023
The average urea export price stood at $474 per ton in September 2023, waning by -65.5% against the previous month. Over the period under review, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in August 2023 an increase of 201% against the previous month. As a result, the export price attained the peak level of $1,375 per ton, and then shrank dramatically in the following month.
Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was Chile ($490 per ton), while the average price for exports to Paraguay totaled $439 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.5%), while the prices for the other major destinations experienced a decline.
Urea Imports in Brazil
After three years of growth, supplies from abroad of urea decreased by -8.8% to 7.3M tons in 2022. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
In value terms, urea imports soared to $4.8B in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 73%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Urea in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 8.9 | 34.3 | 235 | 1,085 | 395.8% |
| Qatar | 342 | 490 | 817 | 967 | 41.4% |
| Nigeria | 137 | 114 | 455 | 864 | 84.8% |
| Russia | 323 | 365 | 601 | 732 | 31.4% |
| Algeria | 297 | 426 | 514 | 428 | 13.0% |
| Saudi Arabia | 29.3 | 85.7 | 70.2 | 163 | 77.2% |
| Iran | 123 | 122 | 65.3 | 143 | 5.2% |
| United Arab Emirates | 46.2 | 18.7 | 58.5 | 65.2 | 12.2% |
| Egypt | 161 | 25.3 | 46.8 | N/A | -46.1% |
| Others | 201 | 255 | 480 | 379 | 23.5% |
| Total | 1,669 | 1,936 | 3,344 | 4,826 | 42.5% |
Top Suppliers of Urea to Brazil in 2022:
- Oman (1594.6K tons)
- Qatar (1418.2K tons)
- Nigeria (1217.7K tons)
- Russia (1132.8K tons)
- Algeria (650.0K tons)
- Iran (256.4K tons)
- Saudi Arabia (246.3K tons)
- United Arab Emirates (110.0K tons)
Urea Exports in Brazil
For the fourth year in a row, Brazil recorded growth in shipments abroad of urea, which increased by 160% to 73K tons in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports soared to $53M in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Urea in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 4.3 | 4.6 | 13.6 | 14.9 | 51.3% |
| United Kingdom | N/A | N/A | N/A | 11.7 | 0% |
| Argentina | 0.1 | N/A | 0.5 | 10.2 | 367.2% |
| Chile | N/A | 0.2 | 0.2 | 9.1 | 574.5% |
| Uruguay | 0.8 | 1.1 | 0.2 | 3.2 | 58.7% |
| Colombia | N/A | N/A | N/A | 2.1 | 0% |
| Others | 0.1 | 0.5 | 0.9 | 1.6 | 152.0% |
| Total | 5.4 | 6.3 | 15.5 | 52.9 | 114.0% |
Top Export Markets for Urea from Brazil in 2022:
- United Kingdom (21.9K tons)
- Paraguay (19.5K tons)
- Argentina (16.6K tons)
- Chile (6.8K tons)
- Uruguay (4.6K tons)
- Colombia (2.0K tons)
This report provides an in-depth analysis of the urea market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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
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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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During the period analyzed, Urea imports reached their highest point at 8 million tons in 2021. However, from 2022 to 2023, imports stayed at a lower level. In terms of value, urea imports significantly declined to $2.8 billion in 2023.
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The price of Urea in Brazil, CIF, was $324 per ton in June 2023, showing a decrease of -2.7% compared to the previous month.
285
In July 2023, the Ammonium Nitrate price reached $176 per ton (CIF, Brazil), experiencing a decrease of -16.3% compared to the previous month.
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In February 2023, the price of ammonium nitrate per ton CIF, Brazil was $379, a decrease of -17.8% compared to the previous month.
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In August 2022, the ammonium nitrate price stood at $492 per ton (CIF, Brazil), falling by -22.8% against the previous month.
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In December 2022, the ammonium sulphate price stood at $288 per ton (CIF, Brazil), shrinking by -6.6% against the previous month.
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Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
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Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
