Market research

Uranium ores and concentrates market in Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

Asian production of uranium ores and concentrates increased from 27 579 t in 2018 to 28 617 t in 2019. This growth was supported by the push for clean energy policies and carbon emission reduction incentives, which raised expectations for the market. In 2019, the increase in nuclear fuel consumption, driven by higher output from nuclear power plants, further propelled demand.

Output dropped to 25 390 t in 2020. The market rebounded in 2021 to 27 611 t, coinciding with a broader recovery in the uranium sector where prices began rising from around $30 per pound, stimulating activity.

Production saw a modest decrease to 27 153 t in 2022. During this period, major global producers such as Canada and Kazakhstan eased production restrictions, which increased worldwide supply, while uranium production covered approximately 85% of commercial reactor requirements, relying on inventories and reprocessing for the shortfall.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2022, t
2. 5.2. Global production by Country, 2018-2022
  1. 5.2.1. Annual dynamics of production by country in kind, 2018-2022, t
  2. 5.2.2. Structure of production by countries in kind, 2018-2022
  3. 5.2.3. Dynamics of peoduction structure by countries in kind, 2018-2022
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production uranium ores and concentrates in Asia

In kind, 2017-2020, t

Top producers of uranium ores and concentrates, 2017-2020

Source: SHEV.io

World map of production of uranium ores and concentrates, 2017-2020

Source: SHEV.io

In 2020, Asia produced 25 390 tonnes of uranium ores and concentrates, marking an 11.3% decrease from 2019. Over the 2017-2020 period, production fell by 12.2%, with a compound annual growth rate of 4.2%. The most significant increase occurred in 2019, at 3.8%.

Annual dynamics of production in Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.6%)	3.8%	(11.3%)	(4.2%)

Source: SHEV.io

Exports uranium ores and concentrates from Asia

Exports in kind, t

The market displayed volatility during the observed period. Export volumes reached their lowest point in 2020 and peaked in 2018, with a top-to-bottom ratio of 34 551 times. In 2020, uranium ores and concentrates exports from Asia totaled 0.0 tonnes, reflecting a sharp 98.3% drop from the previous year. The maximum value was recorded in 2018 at 34.6 tonnes. The largest decline occurred in 2019, at 99.8%, while the largest increase was in 2018, at 61.0%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	61.0%	(99.8%)	(98.3%)	(96.4%)

Source: SHEV.io

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Market behavior was volatile during these years. Export values fell to their lowest point in 2019 and hit a maximum in 2018, with a variation of 884 times. In 2020, the value of uranium ores and concentrates exports from Asia reached 13.1 thousand US dollars, representing a dramatic 1,331.9% increase compared to 2019. The minimum value was recorded in 2019 at 0.9 thousand US dollars, and the maximum in 2018 at 811.3 thousand US dollars. The largest decline was in 2019 at 99.9%.

Annual dynamics of product's exports from Asia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	195.2%	(99.9%)	1 331.9%	(63.7%)

Source: SHEV.io

From 2017 to 2020, the largest buyers of uranium ores and concentrates from Asia in value terms were the United States (1.4% of exports), Russia (0.9%), and South Africa (0.6%). Together, these countries accounted for 2.9% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports uranium ores and concentrates to Asia

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Import volumes hit their lowest point in 2019 and peaked in 2018, with a peak-to-trough ratio of 4 875 times. In 2020, uranium ores and concentrates imports into Asia totaled 2.9 tonnes, indicating a sudden 6,295.6% rise over the past year. The minimum value was recorded in 2019 at 0.0 tonnes, and the maximum in 2018 at 219.4 tonnes. The largest decline occurred in 2019 at 100.0%, while the largest increase was in 2018 at 371,733.8%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	371 733.8%	(100.0%)	6 295.6%	265.4%

Source: SHEV.io

Throughout 2017-2020, the United States was the nearly exclusive supplier of uranium ores and concentrates to Asia, accounting for 97.8% of total imports in volume terms.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Import values varied by 237-fold, from a low in 2019 to a high in 2018. In 2020, the value of uranium ores and concentrates imports into Asia reached 57.6 thousand US dollars, which is 3,625.0% above the 2019 level. The minimum value was recorded in 2019 at 1.5 thousand US dollars, and the maximum in 2018 at 365.9 thousand US dollars. The largest decline was in 2019 at 99.6%, while the largest increase was in 2018 at 4,635.7%.

Annual dynamics of product's imports to Asia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4 635.7%	(99.6%)	3 625.0%	95.3%

Source: SHEV.io

Over 2017-2020, the United States remained the leading supplier of uranium ores and concentrates to Asia, with 82.2% of total import value, while the remainder was distributed among many other countries.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io