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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
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Measure category performance on 15 key parameters across cost, risk and strategy KPIs
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Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Urea related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Urea to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
10 MMT
18 MMT
63 MMT
Category Intelligence on Urea covers the following
The urea market is set to experience a soft balance in the short term, moving to potential growing surpluses in the long term (until 2021 – 2022). Surplus situation is expected to persist during the next five years, reaching 8 percent of the potential supply availability .The balance in the short term is resulting from China's contraction in capacity and decline in export share, owing to ‘zero growth' policy in place for fertilizer demand, which largely impacts urea, since China has always been the dominant demand center (35 percent of the global demand); however, recent developments of poor economies of scale (high input coal costs) and tax reform (13 percent VAT on fertilizer) are keeping the global urea market in balance.
Major urea supply markets: North America: 5 percent, Middle East: 9 percent, Asia: 60 percent, Europe: 11 percent.
Top suppliers in the global urea market are Yara, QAFCO, PT Pupuk Timur, IFFCO, CF Industries, and Agrium.
Floor urea price set by China or ammonium prices are used as a reference for the international markets.
According tourea market analysis, key demand drivers are Nitrogen Application and Fertilizer Market.
The production size of CO(NH2)2 or urea in North America was 10 MMT; in Europe it was 18 MMT; in China it was 63 MMT in 2016.
North America has medium supplier and buyer power, while Asia has medium supplier and buyer power when it comes to carbamide. The EU has high supplier power and a low buyer power.
Globally, one of the constraints in the urea market outlook is the health hazards associated with urea such as chemicals.
The increasing demand in fertilizers will help propel the growth of the urea market. The fertilizer and fertilizer chemicals markets are likely to expand in the future.
The global urea market demand is expected to increase at a CAGR of 2% until the end of 2022.
The automotive industry is expected to increase its demand for urea, particularly technical grade urea, because of the increase in adblue consumption in the industry.
Other uses of urea is to produce melamine and ammonia.
During the last one and half decade, China added capacity at a rapid pace that totally out paced the global demand. Currently, the trend is getting reversed with other regions adding more capacity and China idling its capacity, due to stringent environmental norms and higher production cost. This is expected to bring some balance in global supply – demand
China is one of the largest urea-formaldehyde resin producers in the world. As China’s demand will likely stay the same or increase, the demand for it is likely to increase too.
Supply and demand outlook:
Developing nation to push the demand: Sustained annual growth of urea demand, owing to rise in consumption from LATAM and South Asian markets
Asia-Pacific market will continue to rule when it comes to urea demand and supply in the coming years. As it is the largest market size at present, experts predict that this trend will continue because of an increase in consumption and production in that region.
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