Price for Thorium Ores and Concentrates in South Korea - 2022

Contents:

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

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

The average thorium ores and concentrates export price stood at $20,480 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 204% against the previous year. Over the period under review, the average export prices reached the maximum at $20,754 per ton in 2021, and then dropped 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 +14.9% per year.

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

In 2022, the average thorium ores and concentrates import price amounted to $5,984 per ton, stabilizing at the previous year. Overall, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $9,461 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.7% per year.

Exports of Thorium Ores and Concentrates in South Korea

In 2022, overseas shipments of thorium ores and concentrateses decreased by -2.1% to 1.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 116% against the previous year.

In value terms, thorium ores and concentrates exports contracted to $28K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 164%.

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

1. Japan (1.4 tons)

Imports of Thorium Ores and Concentrates in South Korea

Thorium ores and concentrates imports into South Korea reduced notably to 2.2 tons in 2022, falling by -49.5% against the previous year's figure. Overall, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 9,542%. As a result, imports attained the peak of 4.3 tons, and then contracted significantly in the following year.

In value terms, thorium ores and concentrates imports dropped notably to $13K in 2022. Over the period under review, imports, however, posted a measured increase. The pace of growth was the most pronounced in 2021 when imports increased by 9,885% against the previous year. As a result, imports reached the peak of $26K, and then reduced notably in the following year.

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

1. China (2.2 tons)

Source: IndexBox Market Intelligence Platform