Price for Thorium Ores and Concentrates in China - 2023
Contents:
- Price for Thorium Ores and Concentrates in China (CIF) - 2023
- Price for Thorium Ores and Concentrates in China (FOB) - 2022
- Imports of Thorium Ores and Concentrates in China
- Exports of Thorium Ores and Concentrates in China
Price for Thorium Ores and Concentrates in China (CIF) - 2023
In June 2023, the average thorium ores and concentrates import price amounted to $2,039 per ton, declining by -76.2% against the previous month. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in January 2023 an increase of 235% month-to-month. The import price peaked at $9,930 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($7,900 per ton), while the price for Madagascar ($1,109 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Thorium Ores and Concentrates in China (FOB) - 2022
The average thorium ores and concentrates export price stood at $6,278 per ton in 2022, with an increase of 289% against the previous year. Overall, the export price posted prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +12.0% per year.
Imports of Thorium Ores and Concentrates in China
For the fourth consecutive year, China recorded growth in overseas purchases of thorium ores and concentrateses, which increased by 60% to 82K tons in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, thorium ores and concentrates imports skyrocketed to $281M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Thorium Ores and Concentrates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 9.6 | 18.8 | 59.2 | 199 | 174.7% |
| Madagascar | 8.2 | 13.4 | 30.3 | 52.3 | 85.5% |
| Hong Kong SAR | 3.0 | 1.8 | 2.0 | 5.3 | 20.9% |
| Nigeria | 0.1 | 0.5 | 2.3 | 5.0 | 268.4% |
| Indonesia | 0.2 | 0.4 | 0.7 | 4.3 | 178.1% |
| Vietnam | 4.9 | 3.0 | 1.8 | 4.3 | -4.3% |
| Brazil | 2.1 | 1.9 | 2.0 | 2.0 | -1.6% |
| United States | 0.6 | 0.7 | 0.8 | 1.7 | 41.5% |
| Others | 0.3 | 0.6 | 0.4 | 7.2 | 188.4% |
| Total | 29.1 | 41.0 | 99.4 | 281 | 112.9% |
Top Suppliers of Thorium Ores and Concentrates to China in 2022:
- Thailand (40.8K tons)
- Madagascar (30.1K tons)
- Hong Kong SAR (2.6K tons)
- United States (1.9K tons)
- Indonesia (1.5K tons)
- Vietnam (1.3K tons)
- Nigeria (1.2K tons)
- Brazil (0.5K tons)
Exports of Thorium Ores and Concentrates in China
In 2022, shipments abroad of thorium ores and concentrateses decreased by -52.1% to 9.9 tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 352%. As a result, the exports reached the peak of 21 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, thorium ores and concentrates exports soared to $62K in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 654% against the previous year. As a result, the exports reached the peak of $91K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Thorium Ores and Concentrates in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 11.4 | 88.1 | 23.6 | 61.3 | 75.2% |
| United States | N/A | N/A | 3.1 | N/A | 0% |
| Others | 0.7 | 3.1 | 6.9 | 1.1 | 16.3% |
| Total | 12.1 | 91.2 | 33.5 | 62.4 | 72.8% |
Top Export Markets for Thorium Ores and Concentrates from China in 2022:
- South Korea (9.9 tons)
427
This report provides an in-depth analysis of the complex fluorine salts market in China.
374
This report provides an in-depth analysis of the mobile lifting frame market in China.
662
This report provides an in-depth analysis of the global complex fluorine salts market.
564
This report provides an in-depth analysis of the global mobile lifting frame market.
1053
In value terms, fluorides imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern remained consisten...
982
In value terms, fluorides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuation...
