Price for Thorium Ores and Concentrates in Hong Kong SAR - 2022

Contents:

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

Price for Thorium Ores and Concentrates in Hong Kong SAR (FOB) - 2022

In 2022, the average thorium ores and concentrates export price amounted to $1,770 per ton, increasing by 11% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 97% against the previous year. The export price peaked at $2,017 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, 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 +9.7% per year.

Price for Thorium Ores and Concentrates in Hong Kong SAR (CIF) - 2022

In 2022, the average thorium ores and concentrates import price amounted to $2,087 per ton, dropping by -9.8% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the peak figure at $2,313 per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($6,864 per ton), while the price for Brazil ($889 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.2%).

Exports of Thorium Ores and Concentrates in Hong Kong SAR

In 2022, the amount of thorium ores and concentrateses exported from Hong Kong SAR declined to 1.1K tons, which is down by -13.7% on 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 38%.

In value terms, thorium ores and concentrates exports fell to $2M in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 8.8%.

Top Export Markets for Thorium Ores and Concentrates from Hong Kong SAR in 2022:

1. China (1.1K tons)

Imports of Thorium Ores and Concentrates in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in supplies from abroad of thorium ores and concentrateses, when their volume increased by 42% to 734 tons. Overall, imports, however, saw a sharp reduction.

In value terms, thorium ores and concentrates imports soared to $1.5M in 2022. Over the period under review, imports, however, showed a abrupt setback.

Top Suppliers of Thorium Ores and Concentrates to Hong Kong SAR in 2022:

1. United States (600.5 tons)
2. Brazil (89.5 tons)
3. Malaysia (21.8 tons)

Source: IndexBox Market Intelligence Platform