Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Period
Forecast Period
Urea is a nitrogen fertilizer produced from ammonia and carbon dioxide through synthesis, valued for its high nitrogen content, used extensively in agricultural fertilizer applications, animal feed additives, and industrial resin manufacturing. Natural gas feedstock costs, and agricultural seasonal demand cycles all feed into the price.
Global urea prices in Q1 2026 stood at USD 0.435 per KG in Europe, USD 0.415 per KG in North America, and USD 0.467 per KG in India, the highest among tracked markets, reflecting regional differences in natural gas feedstock costs and import dependency. India held the highest tracked price on elevated import reliance and freight costs, while North America benefited from domestic natural gas feedstock availability. Steady agricultural fertilizer demand continued to underpin consumption across all tracked regions, with natural gas price movements remaining the dominant swing factor in production economics.
Urea prices held close to Q1 2026 levels through August 2026, tracking regional natural gas feedstock cost differentials, as steady agricultural fertilizer demand continued to support the market across all tracked regions.
The urea supply-demand balance through 2026 is expected to remain constructive. Natural gas costs in key Middle Eastern and Russian production regions are broadly stable. Chinese export availability remains constrained. Sequential agricultural application seasons across both hemispheres will provide demand surges. The primary upside risk is further Chinese export tightening combined with a Middle East gas price spike; the primary downside risk is a significant increase in Chinese export volumes.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 0.37 – 0.43 | Spring-summer agricultural demand provides sequential support; Chinese export policy the key variable |
| Europe | 0.43 – 0.48 | Carbon border compliance costs and spring season demand sustain the regional premium |
| North America | 0.41 – 0.47 | Corn belt spring planting season supports mid-year demand; domestic production cost-competitive |
| India | 0.46 – 0.52 | Government kharif procurement tenders drive mid-year peak; subsidy framework limits downside |
European urea averaged USD 0.435/KG in Q1 2026, rising 2.9% from Q4. Pre-season procurement by French, German, and Eastern European distributors provided the primary demand driver. Import arrivals from Black Sea producers at winter pricing levels were absorbed by active pre-season buying. The Q2 2026 trajectory of USD 0.454/KG confirms the spring demand build is ongoing.
The Q2 2026 trajectory of approximately USD 0.454/KG confirms that the spring season demand build is providing further support, consistent with the typical Q2 seasonal pattern for European fertiliser markets. The structural premium from EU carbon border compliance costs remains in place, sustaining Europe as the highest-priced major import market.
Why did the price of Urea change in Q1 2026 in Europe?
Pre-season distributor restocking ahead of the spring application season provided the primary demand driver. Import arrivals from Black Sea and Middle Eastern producers at winter pricing levels were absorbed by the active pre-season buying, producing the 2.9% Q1 recovery.
North American urea averaged USD 0.415/KG in Q1 2026, rising 10.7% from Q4. Early pre-spring planting procurement, advanced by warmer-than-average winter conditions across key agricultural states, activated the seasonal demand recovery ahead of schedule. Domestic producers and importers faced solid demand from the distributor network from mid-Q1. The Q2 2026 trajectory of USD 0.446/KG confirms continued spring demand support.
The significant 10.7% Q1 gain indicates the North American market moved more aggressively into pre-season positioning than in the prior year. The Q2 2026 trajectory of USD 0.446/KG confirms continued spring season demand support as application windows open across the corn and soybean states.
Why did the price of Urea change in Q1 2026 in North America?
Early pre-spring planting procurement, advanced by warmer winter conditions, accelerated the seasonal demand build. Distributor and retailer network buying drove strong Q1 demand well ahead of the application window, producing the 10.7% quarterly recovery from the Q4 2025 seasonal trough.
Indian urea averaged USD 0.467/KG in Q1 2026, rising 3.3% from Q4. Rabi crop season wheat and oilseed nitrogen demand was active through Q1, and government procurement tenders maintained steady import volumes. Constrained Chinese export availability tightened the global supply pool, supporting the Q1 advance. The Q2 2026 trajectory of USD 0.485/KG indicates continued kharif pre-positioning demand.
Why did the price of Urea change in Q1 2026 in India?
Rabi crop season nitrogen demand and government import tender activity provided steady buying support. Constrained Chinese urea export availability limited the global supply pool, supporting the international reference price. The 3.3% Q1 gain reflected steady demand against a tighter supply backdrop.
European urea averaged USD 0.423/KG in Q4 2025, a decline of 5.0% from the Q3 high of USD 0.445/KG. The post-season correction was contained as EU carbon border compliance costs maintained a structural premium and pre-season distributor positioning provided demand support.
EU carbon border compliance costs and pre-season distributor positioning by major distributors in France, Germany, and Poland helped absorb arriving import volumes, supporting the Q4 price floor.
Why did the price of Urea change in Q4 2025 in Europe?
The conclusion of the Northern Hemisphere application season removed the main seasonal demand driver, triggering the standard post-season price correction. EU carbon border compliance costs and early pre-season distributor positioning by French, German, and Polish buyers cushioned the decline, limiting the Q4 fall to 5.0% compared with the sharper corrections seen in North America.
North American urea averaged USD 0.375/KG in Q4 2025, falling 12.5% from the Q3 peak of USD 0.428/KG - the sharpest Q4 decline among reporting regions. The fall application season ended, distributor inventories built aggressively through Q3 were unwound, and domestic production remained stable. Import volumes from Trinidad and Egypt continued at contracted rates, further weighing on the softening market.
Why did the price of Urea change in Q4 2025 in North America?
The end of the fall application season removed the primary demand driver. Distributor destocking added supply pressure as Q3 inventory builds were unwound. Domestic production stability and continued import arrivals maintained supply adequacy, producing the 12.5% Q4 price correction.
Indian urea averaged USD 0.452/KG in Q4 2025, declining 11.1% from USD 0.509/KG in Q3 as kharif crop procurement concluded. The government subsidy programme maintained stable domestic farm gate prices, while rabi crop planting in late Q4 provided partial demand support. India retained the highest price position among reporting regions, reflecting its subsidy-adjusted import parity structure.
Why did the price of Urea change in Q4 2025 in India?
The conclusion of the kharif crop season removed the peak procurement demand that had driven the Q3 surge, and government tender activity slowed as season supplies were secured. The government subsidy framework maintained stable domestic farm gate prices, limiting pass-through to end farmers, while the 11.1% Q4 international price correction reflected the post-kharif easing of import buying activity.
Urea prices globally followed a pronounced seasonal V-shape through 2025, with a Q3 peak of USD 0.383/KG and Q4 trough of USD 0.335/KG before recovering to USD 0.370/KG in Q1 2026. The Q2 2026 trajectory of USD 0.395/KG confirms spring demand is providing renewed support. Chinese export policy and natural gas feedstock costs were the two overriding structural drivers.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q1 2026 | 0.370 | +10.3% | ↑ Rising |
| Q4 2025 | 0.335 | -12.4% | ↓ Falling |
| Q3 2025 | 0.383 | +13.9% | ↑ Rising |
| Q2 2025 | 0.336 | -0.5% | ↓ Falling |
| Q1 2025 | 0.338 | - | - Stable |
| Q2 2026 | In Progress | - | - In Progress |
Urea prices followed a pronounced seasonal pattern through 2025. The global average was flat from Q1 to Q2 at around USD 0.337/KG before the Q3 surge lifted the benchmark to USD 0.383/KG. The Q4 decline to USD 0.335/KG erased most of the seasonal gain, leaving the full-year change at approximately minus 0.8%. The key forces were Chinese export restrictions in Q3, Indian government tender demand, and the Q4 demand collapse post-season.
European urea rose from USD 0.389/KG in Q1 2025 to USD 0.423/KG in Q4, a full-year gain of 8.7%. The region posted a consistent annual gain as import dependence and EU carbon border mechanism costs added a structural premium above the global average. The Q4 decline of 5.0% was more moderate than in other regions as pre-season restocking partially cushioned the post-season correction.
North American urea moved from USD 0.370/KG in Q1 2025 to USD 0.375/KG in Q4 2025, a modest full-year gain of 1.2%. The Q3 surge of 16.2% was the sharpest quarterly move across all reporting regions as the US Midwest fall application season overlapped with global supply tightness. The equally sharp Q4 decline of 12.5% reflected the abrupt demand fall as the application season concluded.
Indian urea held near USD 0.440/KG through Q1 and Q2 2025, supported by the government subsidy-administered domestic pricing framework. The Q3 surge to USD 0.509/KG was the largest absolute gain in the dataset, driven by peak kharif season procurement and large import tender volumes. The Q4 decline of 11.1% to USD 0.452/KG reflected post-kharif demand easing, leaving India with a full-year gain of 2.8%.
Expert Market Research: Your Source for Real-Time Urea Price IntelligenceExpert Market Research tracks urea prices across Europe, North America, India, and the global benchmark, tracing every move through natural gas feedstock costs, Chinese export quota changes, Indian government tender activity, and seasonal agricultural demand cycles. Forecasts integrate feedstock economics, trade flow data, and crop area projections. Contact us for urea pricing data and procurement advisory.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Agricultural crop nutrition accounts for approximately 70% of global urea demand, with cereal, oilseed, sugarcane, and vegetable production as the primary end-use applications. Industrial applications including urea-formaldehyde resins, diesel exhaust fluid production, and melamine manufacturing absorb the remaining 30%.
In Q1 2026, urea averaged USD 0.435/KG in Europe, USD 0.415/KG in North America, and USD 0.467/KG in India. The global average stood at USD 0.370/KG in Q1 2026, representing a recovery from the Q4 2025 seasonal trough of USD 0.335/KG.
Urea prices were broadly flat at the global level from Q1 to Q4 2025, with a full-year change of approximately minus 0.8% in the global average. The year featured a sharp Q3 surge of 13.9% driven by seasonal agricultural demand and Chinese export tightening, followed by an equally sharp Q4 correction of 12.4%.
Chinese export quota restrictions during the Northern Hemisphere summer reduced global supply availability at the point of peak seasonal agricultural demand. The Indian government's large-volume import tender series provided a strong demand anchor. Competition between multiple import-dependent markets for the constrained supply amplified the Q3 price surge to 13.9%.
The global average urea price is expected to range between USD 0.37/KG and USD 0.43/KG for the remainder of 2026, supported by sequential agricultural application seasons. Europe is forecast in the USD 0.43 to USD 0.48/KG range, and India is expected to see a kharif season peak in the USD 0.46 to USD 0.52/KG range.
India consistently records the highest reported urea prices due to its subsidy-adjusted import parity structure and logistics cost premium. Europe follows, sustained by carbon border compliance costs and import freight differentials. North America's domestic natural gas-based production provides a cost-competitive floor, while the global average reflects the major export hub pricing from the Middle East and China.
This report is updated monthly. For real-time pricing intelligence, contact the Expert Market Research team directly.
China is the world's largest urea producer and exporter, so any change to export quota levels or approval timelines immediately affects global supply. When China restricts exports, as in Q3 2025, import-dependent markets in Europe, South Asia, and Southeast Asia face sharp price increases. When China releases quotas, additional volume typically produces a supply surplus that drives global prices lower. Chinese export policy is the single most watched variable in urea markets.
India's state-linked agencies including IFFCO procure urea through formal international tender processes that establish reference prices for large-volume purchases. These tenders signal the quantity of import demand entering the market each procurement cycle. Large Indian tenders during periods of tight supply create significant upward price pressure; India's absence from the market during periods of adequate domestic stock removes a key demand anchor and can trigger rapid price corrections.
Natural gas is the primary feedstock for approximately 70% of global urea production through the Haber-Bosch ammonia synthesis route. Middle Eastern producers in Saudi Arabia, Qatar, and Oman benefit from the lowest natural gas feedstock costs globally, making them the lowest-cost exporters. Russian and Chinese coal-based production provide additional supply at higher cost floors. These differentials determine the global production hierarchy and set export price floors.
Basic Report -
One Time
Basic Report -
Annual Subscription
Detailed Report -
One Time
Detailed Report -
Annual Subscription
Basic Report -
One Time
USD 799
tax inclusive*
Basic Report -
Annual Subscription
USD 3,499
tax inclusive*
Detailed Report -
One Time
USD 4,299
tax inclusive*
Detailed Report -
Annual Subscription
USD 7,999
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.