Key Market Indicators
Thailand's urea import is predicted to increase by 824 million kilograms by 2026, from 2.63 billion kilograms in 2021. This is an average year-on-year growth rate of 1.4%. Since 1993, the country has seen an average growth rate of 2.9% in demand. In 2021, Thailand was ranked fourth, with Brazil coming in first with 2.63 billion kilograms. India, Brazil and Thailand were the top three countries respectively. Thailand's urea export is forecast to reach 390 million kilograms by 2026, from 295.5 million kilograms in 2021. This is an average year-on-year growth rate of 4.7%. Since 1994, the country has experienced a 35.9% rise in supply year-on-year. In 2021, Thailand was ranked 24th, with Belgium in first place at 295.5 million kilograms. Saudi Arabia, Egypt and Iran were the top three countries respectively.
