Key Market Indicators
Canadian urea imports are projected to reach nearly 907 million kilograms by 2026, up from 857 million in 2021. This represents an average annual growth rate of 1.1% since 1994. In 2021, Canada was the 13th-largest importer of urea, while South Korea was the top importer with 857 million kilograms. India, Brazil, and Thailand ranked second, third, and fourth. Meanwhile, Canadian urea exports are projected to decline from 722 million kilograms in 2021 to 445 million by 2026, at an average annual rate of 8.1%. This marks a 9.7% drop since 1994. Canada was the 16th-largest exporter of urea in 2021, with Nigeria outranking it at 722 million kilograms. Saudi Arabia, Egypt, and Iran ranked second, third, and fourth.
