Russia is a leading exporter of urea, sending substantial quantities to international markets each year. Its share of the global urea export market is significant. Fertilizer exports from Russia, including urea, are regulated through export quotas. In recent years, Russia has repeatedly extended the validity of its fertilizer export quota system and dynamically adjusted quota levels. For instance, in 2024, the Russian government proposed extending nitrogen and compound fertilizer export quotas until May 31, 2025, with corresponding quota limits. Approximately 60%-70% of Russia’s urea production is designated for export.
Based on data, Russia's total urea export value reached USD 392 million in 2023, and international market demand continues to grow. From January to March 2024, Russia’s cumulative urea export value was already close to USD 293 million.
The analysis by the publisher shows that Russia's urea export markets span countries in South America, Europe, and Asia. Finland is the largest destination for Russian urea exports, while agricultural powerhouses such as Brazil and India are also significant markets. From 2022 to 2024, Russia’s main urea export destinations included Finland, Brazil, India, Mexico, the United States, Turkey, Colombia, the Netherlands, and Germany. Key companies importing urea from Russia include EUROCHEM TRADING GMBH, URALKALI TRADING DMCC, and SBU NITROTRADE AG. Major Russian exporters of urea include НОВОМОСКОВСКАЯ АКЦИОНЕРНАЯ КОМПАНИЯ «АЗОТ», АКЦИОНЕРНОЕ ОБЩЕСТВО АПАТИТ, and ОАО ТОЛЬЯТТИАЗОТ.
In summary, Russia is a major global player in urea production and export, benefiting from its abundant natural gas resources, strong production capacity, and competitive pricing. Despite facing challenges such as international sanctions and fluctuations in natural gas prices, Russia has maintained its competitive position in the global market by expanding exports to emerging markets and innovating its technologies. The analyst forecasts that with continued global agricultural demand, Russia’s urea industry is expected to remain an important player in the international market, with its urea exports poised for sustained growth in the coming years.
Topics covered:
- The Import and Export of Urea in Russia (2022-2024)
- Total Export Volume and Percentage Change of Urea in Russia (2022-2024)
- Total Export Value and Percentage Change of Urea in Russia (2022-2024)
- Total Export Volume and Percentage Change of Urea in Russia (January-March 2024)
- Total Export Value and Percentage Change of Urea in Russia (January-March 2024)
- Average Export Price of Urea in Russia (2022-2024)
- Top 10 Export Destinations for Russia Urea and Their Import Volume
- Top 10 Suppliers in the Export Market of Urea in Russia and Their Export Volume
- Top 10 Buyers in the Export Market of Urea in Russia and Their Import Volume
- How to Find International Distributors and End Users of Urea in Russia
- How Foreign Enterprises Enter the Urea Export Market of Russia
- Forecast for the Export of Urea in Russia (2024-2033)
Table of Contents
Companies Mentioned
- Eurochem Trading GmbH
- Uralkali Trading Dmcc
- Sbu Nitrotrade Ag
- Новомосковская Акционерная Компания «Азот»
- Акционерное Общество Апатит
- Оао Тольяттиазот
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 760 Million |
| Forecasted Market Value ( USD | $ 1180 Million |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | China |
| No. of Companies Mentioned | 6 |
