Forecast: Urea Imports in China

For the year 2023, China's urea imports amounted to 17.82 ten thousand metric tons. Forecasts predict a consistent increase in imports from 18.04 ten thousand metric tons in 2024 to 18.97 ten thousand metric tons by 2028. The year-on-year percentage increase from 2023 to 2024 is 1.23%, and a similar annual growth trend is expected over the subsequent years. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be 1.2%.

Future trends to watch for:

  • Potential fluctuations in global urea prices which could affect import volumes.
  • China's domestic production policies and their impact on import dependency.
  • Environmental regulations and their influence on both domestic production and foreign supply chains.

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