Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Urea Phosphate Price Trend Analysis 2026: Supply Demand Analysis, Latest News, Price Drivers, Market Insights & Historical Prices
Written ByUdeesha Tomar
Urea Phosphate Price Trend Q1 2024
In the Asian region during Q1'24, urea phosphate market trends were largely stable, with minor downward tilts. In India and China, supply and demand dynamics were balanced, although the downstream consumption was underwhelming. In the early winter months, the agriculture sector was unable to do much for the downstream sectors. Therefore, the prices began on a slightly weaker note. However, the demands picked up in the latter phase of Q1'24.
In Europe, the urea phosphate market presented a mixed performance throughout the first quarter of 2024. While sanctions on Russian exports disrupted the supply side, lackluster demand across most markets mitigated significant price shifts. Australian imports provided some positive influence, but geopolitical tensions, including missile attacks on shipments by Houthi rebels in the Red Sea, shaped market dynamics.
Meanwhile, in North America, urea phosphate market trends mirrored those in Asia and Europe with stable yet slightly declining conditions compared to the previous year. Increased corn production and a shift towards more soybean acreage impacted demand for urea phosphate.
As spring approached, an anticipated rise in urea phosphate imports was noted. Despite ongoing conflicts, urea phosphate production mostly remained stable. Demand was expected to see a slight increase, yet the low-profit expectations from crop sales and overall mild depression in the agricultural sector constrained significant market growth.
Analyst Insight
According to Procurement Resource, the Urea Phosphate markets are anticipated to remain steady in early 2024, and regional supplies are normal; however, the ocean freight disturbances are likely to greatly impact international trade.
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About Urea Phosphate
Urea phosphate is a chemical compound that serves multiple roles across various industries. It's primarily used as a high-quality fertilizer providing essential nitrogen and phosphorus to plants, enhancing growth and root development. Additionally, it finds applications in animal feed, metal finishing, and as a cleaning agent. Urea phosphate also acts as a pH buffer in industrial processes and is used in dentistry for its cleaning properties. Its role in flame retardants further highlights its versatility in industrial and agricultural sectors.
Urea Phosphate Product Detail
Hs Code
3105
Chemical Formula
CH7N2O5P
Cas Number
4861-19-2
Molecular Weight
158.050 g/mol
Industrial Uses
Fertilizers, Animal Feed, Flame Retardants, Cleaning Agents Metal Finishing, Dentistry
Supplier Database
CF Industries Holdings, Inc., Nutrien Ltd., OCI NV, SABIC Agri-Nutrients Co., Yara International ASA
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Urea Phosphate Production Process
- Urea Phosphate Production by the chemical reaction between urea and phosphoric acid.
The synthesis begins with the chemical reaction between urea and phosphoric acid. The reaction of the two compounds results in the production of urea phosphate, a chemical fertilizer as the end product.
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