Price for Uranium or Thorium Ores and Concentrates in South Africa - 2023

Contents:

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

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

In 2022, the average export price for uranium or thorium ores and concentrateses amounted to $7,785 per ton, with a decrease of -88.9% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 2,972% against the previous year. Over the period under review, the average export prices hit record highs at $69,849 per ton in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($54,417 per ton), while the average price for exports to Namibia stood at $2,168 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for uranium or thorium ores and concentrateses amounted to $233 per ton, falling by -27.3% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2,862% against the previous year. Over the period under review, average import prices attained the maximum at $41,071 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($246 per ton), while the price for Australia amounted to $206 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+0.4%).

Exports of Uranium or Thorium Ores and Concentrates in South Africa

In 2022, approx. 339 kg of uranium or thorium ores and concentrateses were exported from South Africa; jumping by 364% compared with 2021 figures. Overall, exports, however, continue to indicate a sharp shrinkage.

In value terms, exports of uranium or thorium ores and concentrateses fell notably to $2.6K in 2022. In general, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 123%. As a result, the exports attained the peak of $5.1K, and then fell significantly in the following year.

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

1. Namibia (298.0 kg)
2. Democratic Republic of the Congo (36.0 kg)

Imports of Uranium or Thorium Ores and Concentrates in South Africa

In 2022, supplies from abroad of uranium or thorium ores and concentrateses decreased by -34.9% to 1.9 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a measured increase.

In value terms, imports of uranium or thorium ores and concentrateses shrank significantly to $438 in 2022. Over the period under review, imports, however, continue to indicate pronounced growth.

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

1. Namibia (1722.0 kg)
2. Australia (34.0 kg)

Source: IndexBox Market Intelligence Platform