Key Market Indicators
Malaysia's urea imports are expected to reach nearly 370 million kilograms by 2026, increasing by 0.4% year-on-year on a compound annual growth rate (CAGR). Since 1994, the country's demand has declined by 1.6% year-on-year. In 2021, Malaysia ranked 23rd in the global ranking, with Myanmar ahead at 360 million kilograms. India, Brazil, and Thailand came in at 2nd, 3rd, and 4th place respectively. Meanwhile, Malaysian urea exports are projected to reach 2.38 billion kilograms by 2026, growing by a CAGR of 3.1% year-on-year. Since 1994, the country's supply has grown 13.8% year-on-year. Last year, Malaysia occupied the 7th place in the global ranking, with China leading at 1.98 billion kilograms. Saudi Arabia, Egypt, and Iran followed at 2nd, 3rd, and 4th place respectively.
