Price for Uranium or Thorium Ores and Concentrates in South Korea - 2022

Contents:

1. Price for Uranium or Thorium Ores and Concentrates in South Korea (FOB) - 2022
2. Price for Uranium or Thorium Ores and Concentrates in South Korea (CIF) - 2022
3. Exports of Uranium or Thorium Ores and Concentrates in South Korea
4. Imports of Uranium or Thorium Ores and Concentrates in South Korea

Price for Uranium or Thorium Ores and Concentrates in South Korea (FOB) - 2022

The average export price for uranium or thorium ores and concentrateses stood at $18,200 per ton in 2022, with a decrease of -12.3% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2013 an increase of 193% against the previous year. Over the period under review, the average export prices hit record highs at $20,754 per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +14.2% per year.

Price for Uranium or Thorium Ores and Concentrates in South Korea (CIF) - 2022

The average import price for uranium or thorium ores and concentrateses stood at $7,000 per ton in 2022, picking up by 7.9% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for uranium or thorium ores and concentrateses increased by +81.4% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +25.8% per year.

Exports of Uranium or Thorium Ores and Concentrates in South Korea

After three years of growth, overseas shipments of uranium or thorium ores and concentrateses decreased by -96.4% to 50 kg in 2022. Over the period under review, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 116%.

In value terms, exports of uranium or thorium ores and concentrateses shrank dramatically to $910 in 2022. Overall, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2020 when exports increased by 164%.

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

1. Japan (50.0 kg)

Imports of Uranium or Thorium Ores and Concentrates in South Korea

In 2022, overseas purchases of uranium or thorium ores and concentrateses decreased by -99.9% to 4 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 50%.

In value terms, imports of uranium or thorium ores and concentrateses declined significantly to $28 in 2022. Over the period under review, imports recorded a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 57%.

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

1. Democratic Republic of the Congo (4.0 kg)

Source: IndexBox Market Intelligence Platform