Key Market Indicators
Exports of urea from Saudi Arabia are set to grow by 2.1% year on year CAGR between 2021 and 2026, reaching 5,361,900,000 kilograms in 2026. In 2021, Saudi Arabia was the world’s second-largest exporter of urea, with exports reaching 4,740,300,000 kilograms. Russia was the largest exporter, and Egypt and Iran took third and fourth place in the rankings respectively. Since 1996, however, Saudi demand for urea has dropped by 9.6% year on year. Despite this, exports of urea from the country are expected to increase by 2.1% year on year CAGR between 2021 and 2026, reaching a total of 5.4 billion kilograms by 2026.
