Jul 21, 2024 06:07

Iran to become biggest Urea Exporter by 2022: Analyst

Iran to become biggest Urea Exporter by 2022: Analyst
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 business decisions.

Dec 13, 2017 18:50
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