Key Market Indicators
Hungary's urea imports are expected to reach 224 million kilograms by 2026, up from 183 million kilograms in 2021. This represents a 3.4% average year-on-year increase since 1997. In 2021, Hungary was ranked 38th in the world, behind Guatemala's 183 million kilograms. India, Brazil and Thailand were ranked second, third and fourth respectively. Meanwhile, Hungary's urea exports are forecast to drop to 12 million kilograms by 2026, down from 33 million kilograms in 2021. This is a 17% average year-on-year decrease since 1997. In 2021, Hungary was ranked 41st in the world, behind Bulgaria's 33 million kilograms. Saudi Arabia, Egypt and Iran were the top three exporters respectively.
