Market research

Uranium ores and concentrates market in Australia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for uranium ores and concentrates in Australia remained steady at approximately 6 562 t in 2018 and 6 552 t in 2019, before increasing to 7 273 t in 2020.

A sharp contraction to 4 477 t occurred in 2021, driven by persistently low global uranium prices in the wake of the Fukushima disaster, which suppressed project investment and anticipated supply. The market recovered to 5 377 t in 2022 as a spot price rally, fueled by geopolitical instability and supply chain disruptions, incentivized production and led utility companies to renew long-term supply contracts.

In subsequent years, the market landscape was further shaped by the restart of idled global mining capacity and increased government intervention in the nuclear fuel cycle to enhance energy security, factors which contributed to a more resilient but volatile pricing environment.

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 Australia
  1. 5.1.1. Annual dynamics of production in Australia in kind, 2018-2022, t
  2. 5.1.2. Annual dynamics of production in Australia in value, 2018-2022, $ US
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. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Australia in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Australia by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Australia in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Australia by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2024, $ US/kg
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production uranium ores and concentrates in Australia

In kind, 2017-2020, t

Australia ranked third globally in uranium ore and concentrate production from 2017 to 2020.

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, Australia produced 7,273 tonnes of uranium ores and concentrates, marking an 11.0% increase from 2019. Over the 2017–2020 period, production grew by 27.3%, averaging an annualized rate of 8.4%. The largest annual increase occurred in 2018 at 14.9%, while the smallest change was a slight decline of 0.2% in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.9%	(0.2%)	11.0%	8.4%

Source: SHEV.io

Exports uranium ores and concentrates from Australia

Market data indicates that Australia did not export any uranium ores and concentrates between 2017 and 2020.

Imports uranium ores and concentrates to Australia

Imports in kind, kg

In 2020, Australia imported approximately 1.08 kilograms of uranium ores and concentrates, showing only minor variation from 2019. From 2018 to 2020, imports fell sharply by 99.5%, translating to an annualized decrease of 82.5%.

Annual dynamics of product's imports to Australia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, the United States was overwhelmingly the primary source for Australia's uranium ore and concentrate imports, representing 100.0% of the total volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

In 2020, the value of Australia's uranium ore and concentrate imports was $9,608 US, remaining largely unchanged from the previous year. Between 2018 and 2020, import values rose by 105.5%, with a compound annual growth rate of 27.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During 2017–2020, the United States served as the dominant and nearly exclusive market for Australia's uranium ore and concentrate imports by value, accounting for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io