Price for Uranium Ores and Concentrates in South Africa - 2023

Contents:

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

Price for Uranium Ores and Concentrates in South Africa (FOB) - 2022

In 2022, the average uranium ores and concentrates export price amounted to $51,528 per ton, which is down by -22.2% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 141,783% against the previous year. Over the period under review, the average export prices reached the peak figure at $426,000 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($132,276 per ton), while the average price for exports to Democratic Republic of the Congo stood at $35,747 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+3.1%).

Price for Uranium Ores and Concentrates in South Africa (CIF) - 2022

In 2022, the average uranium ores and concentrates import price amounted to $233 per ton, dropping by -27.2% against the previous year. In general, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2013 when the average import price increased by 21,581%. As a result, import price reached the peak level of $15,778 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Namibia amounted to -6.5% per year.

Exports of Uranium Ores and Concentrates in South Africa

In 2022, shipments abroad of uranium ores and concentrateses decreased by -55.9% to 30 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a strong increase.

In value terms, uranium ores and concentrates exports fell markedly to $1.5K in 2022. In general, exports saw a deep slump.

Top Export Markets for Uranium Ores and Concentrates from South Africa in 2022:

1. Democratic Republic of the Congo (25.0 kg)
2. Namibia (5.0 kg)

Imports of Uranium Ores and Concentrates in South Africa

In 2022, after two years of decline, there was significant decline in purchases abroad of uranium ores and concentrateses, when their volume decreased by -36.1% to 1.8 tons. Over the period under review, imports recorded a perceptible contraction.

In value terms, uranium ores and concentrates imports contracted significantly to $431 in 2022. In general, imports, however, continue to indicate a significant increase.

Top Suppliers of Uranium Ores and Concentrates to South Africa in 2022:

1. Namibia (1722.0 kg)

Source: IndexBox Market Intelligence Platform