Key Market Indicators
South Africa's urea imports are expected to reach nearly 950 million kilograms by 2026, a 1.2% increase from 886 million in 2021. Since 2005, the country has seen a 0.2% average annual growth in demand. Spain overtook South Africa in 2021, with 886 million kilograms. India, Brazil and Thailand were respectively the second, third and fourth highest importers. Exports of urea from South Africa are projected to reach 125 million kilograms by 2026, a 2.6% annual growth rate since 2021. Since 2005, the country's supply has increased by 2.4% annually. Azerbaijan was ahead of South Africa in 2021, with 107 million kilograms. Saudi Arabia, Egypt and Iran were the second, third and fourth largest exporters respectively.
