The major urea-producing countries include China, Russia, Middle Eastern countries, and Indonesia. Among these, China is the largest urea producer and exporter in the world, holding a significant comparative advantage globally. From the perspective of overall market demand, Latin America and Asia are the primary consumption regions for urea worldwide. According to the publisher, the growing population in Southeast Asia is driving increased demand for urea in the region. As one of the key agricultural nations in Southeast Asia, the urea market in the Philippines is also experiencing continuous growth.
The Philippines is one of the world's leading rice-producing countries, and urea, as a nitrogen fertilizer, is in high demand for the cultivation of crops such as rice. In the Philippines, industrial applications like melamine production, thermal power generation, and automotive urea also create some demand for urea, although these needs are relatively small compared to agricultural demand. According to CRI's analysis, the Philippines has very limited urea production capacity, which is far from sufficient to meet domestic market demand. Due to its inadequate production capacity, the Philippines must import large quantities of urea annually.
According to the publisher's data, the total value of urea imports to the Philippines reached USD 363 million in 2023. With even stronger market demand in 2024, the value of urea imports from January to July 2024 amounted to approximately USD 147 million, and demand is expected to continue growing in the coming years.
The primary sources of urea imports for the Philippines include Indonesia, Malaysia, Qatar, China, Brunei, and Saudi Arabia. Among these, Indonesia is the largest source of urea imports for the Philippines. From 2021 to 2024, the top three countries supplying urea to the Philippines were Indonesia, Malaysia, and Qatar. The publisher analyzes that the main companies exporting urea to the Philippines include PT Pupuk Kalimantan Timur, PT Pupuk Sriwidjaja Palembang, and Petronas Chemicals Marketing. The key importers of urea in the Philippines during 2021-2024 include Swire Agrotech Agricultural, Yara Fertilizers Philippines Inc., and La Filipina Uy Gongco Corporation.
The demand for urea in the Philippines is expected to remain high in the coming years. Given the limited production capacity in the Philippines, the country primarily imports urea from China, the Middle East, and other countries. The publisher forecasts the volume of urea imports to the Philippines will continue to rise in the future.
Topics covered:
- The Import and Export of Urea in the Philippines (2021-2024)
- Total Import Volume and Percentage Change of Urea in the Philippines (2021-2024)
- Total Import Value and Percentage Change of Urea in the Philippines (2021-2024)
- Total Import Volume and Percentage Change of Urea in the Philippines (2024)
- Total Import Value and Percentage Change of Urea in the Philippines (2024)
- Average Import Price of Urea in the Philippines (2021-2024)
- Top 10 Sources of Urea Imports in the Philippines and Their Supply Volume
- Top 10 Suppliers in the Import Market of Urea in the Philippines and Their Supply Volume
- Top 10 Importers of Urea in the Philippines and Their Import Volume
- How to Find Distributors and End Users of Urea in the Philippines
- How Foreign Enterprises Enter the Urea Market of the Philippines
- Forecast for the Import of Urea in the Philippines (2024-2033)
Table of Contents
Companies Mentioned
- PT PUPUK KALIMANTAN TIMUR
- PT PUPUK SRIWIDJAJA PALEMBANG
- PETRONAS CHEMICALS MARKETING
- SWIRE AGROTECH AGRICULTURAL
- YARA FERTILIZERS PHILIPPINES INC.
- LA FILIPINA UY GONGCO CORPORATION.
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.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 372 Million |
| Forecasted Market Value ( USD | $ 543.38 Million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Philippines |
| No. of Companies Mentioned | 6 |
