Price for Uranium or Thorium Ores and Concentrates in Indonesia - 2022

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

The average export price for uranium or thorium ores and concentrateses stood at $3,529 per ton in 2022, jumping by 49% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,869 per ton), while the average price for exports to France amounted to $197 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.5%).

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

In 2021, the average import price for uranium or thorium ores and concentrateses amounted to $11,772 per ton, falling by -31.2% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The import price peaked at $34,356 per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($28,000 per ton), while the price for Japan amounted to $10,949 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Uranium or Thorium Ores and Concentrates in Indonesia

In 2022, exports of uranium or thorium ores and concentrateses from Indonesia soared to 753 tons, jumping by 107% compared with the year before. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of uranium or thorium ores and concentrateses soared to $2.7M in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Uranium or Thorium Ores and Concentrates in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	259	471	843	2,644	116.9%
France	18.0	16.7	15.1	13.7	-8.7%
Others	N/A	N/A	N/A	N/A	0%
Total	277	488	858	2,657	112.5%

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

China (683.3 tons)
France (69.7 tons)

Imports of Uranium or Thorium Ores and Concentrates in Indonesia

In 2021, the amount of uranium or thorium ores and concentrateses imported into Indonesia surged to 145 kg, with an increase of 53% against the previous year. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 111%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of uranium or thorium ores and concentrateses expanded slightly to $1.7K in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 5.2%. Imports peaked in 2021 and are expected to retain growth in years to come.