In 2023, Brazil imported approximately 4.732 billion kilograms of urea, setting a reference point for forecasted growth. From 2024 to 2028, imports are expected to steadily increase. The predicted year-on-year import growth rates are approximately 2.74% in 2025, 2.61% in 2026, 2.50% in 2027, and 2.38% in 2028. This suggests a consistent rise in demand or strategic stocking of urea over the forecast period.
Key trends to watch for:
- Economic factors influencing Brazil's agricultural sector, potentially affecting urea demand.
- Global urea supply chain dynamics and price fluctuations.
- Government policies regarding agricultural imports and sustainability initiatives.
