Key Market Indicators
Belgium's imports of urea are expected to reach almost 885 million kilograms by 2026, up from 769 million kilograms in 2021, a 2.4% increase on average each year. Since 2004, the country has seen a 1.9% annual growth in demand. In 2021, Italy imported the most, with 769 million kilograms, while India, Brazil and Thailand ranked second, third and fourth respectively. Belgium's urea exports are projected to reach 311 million kilograms by 2026, up from 287 million kilograms in 2021, a 1.4% increase per year. Since 2004, however, the country has experienced a 3.4% annual decline in supply. In 2021, Croatia imported the most, with 287 million kilograms, while Saudi Arabia, Egypt and Iran were second, third and fourth respectively.
