An analyst with the business intelligence company, CRU Group, says Iran is apt to become the world’s biggest supplier of urea by 2022.
Gowin Joe, a senior nitrogen advisor with the CRU, told the
first specialized conference on nitrogen and gas synthesis in Tehran that given
the fact that China has seriously curbed its urea exports, Iran can become the
biggest exporter of the item in the world in the coming years.
The curbs will bring China’s urea exports to 4.5 million
tons per year while the item’s price has increased recently, he added.
The senior analyst further said that Iran and Russia have
increased their urea production capacity in recent years which will make up for
the deficit caused in the market by major producer China.
He said in the coming years, China will no longer be
considered a major exporter of urea, adding Iran is expected to replace China
as the biggest supplier of the item by 2022.
CRU Group is a privately owned business intelligence
company. The Group focuses on the global mining, metals and fertilizers
markets. It provides consultancy, business analysis, news, data and conferences
services. The company’s main aim is to help its clients make profitable