Price for Uranium or Thorium Ores and Concentrates in India - 2023

Contents:

1. Price for Uranium or Thorium Ores and Concentrates in India (FOB) - 2023
2. Price for Uranium or Thorium Ores and Concentrates in India (CIF) - 2023
3. Exports of Uranium or Thorium Ores and Concentrates in India
4. Imports of Uranium or Thorium Ores and Concentrates in India

Price for Uranium or Thorium Ores and Concentrates in India (FOB) - 2023

In June 2023, the average export price for uranium or thorium ores and concentrateses amounted to $62,518 per ton, standing approximately at the previous month. Overall, the export price recorded a remarkable increase. Over the period under review, the average export prices reached the maximum in June 2023.

As there is only one major export destination, the average price level is determined by prices for the United States.

From February 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.4% per month.

Price for Uranium or Thorium Ores and Concentrates in India (CIF) - 2023

In October 2023, the average import price for uranium or thorium ores and concentrateses amounted to $159K per ton, remaining stable against the previous month. Over the period under review, the import price recorded a buoyant increase. The import price peaked in October 2023.

As there is only one major supplying country, the average price level is determined by prices for France.

From June 2023 to October 2023, the rate of growth in terms of prices for France amounted to 0.0% per month.

Exports of Uranium or Thorium Ores and Concentrates in India

In 2022, after three years of growth, there was significant decline in shipments abroad of uranium or thorium ores and concentrateses, when their volume decreased by 99.9% to less than 0.1 kg. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 803%. As a result, the exports reached the peak of 2 tons, and then declined significantly in the following year.

In value terms, exports of uranium or thorium ores and concentrateses shrank significantly to $81 in 2022. Overall, exports saw a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 346%. As a result, the exports attained the peak of $25K, and then declined significantly in the following year.

Top Export Markets for Uranium or Thorium Ores and Concentrates from India in 2022:

1. Japan (2.0 tons)

Imports of Uranium or Thorium Ores and Concentrates in India

In 2022, approx. 4K tons of uranium or thorium ores and concentrateses were imported into India; almost unchanged from the previous year's figure. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of uranium or thorium ores and concentrateses stood at $225M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Uranium or Thorium Ores and Concentrates to India in 2022:

1. Kazakhstan (3.4K tons)
2. Canada (0.6K tons)

Source: IndexBox Market Intelligence Platform