Market research

Uranium ores and concentrates market in CIS

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"CIS" region includes following countries:

Azerbaijan

Armenia

Belarus

Kazakhstan

Kyrgyzstan

Moldova

Russia

Tajikistan

Uzbekistan

Earlier Report Observations

From 2018 to 2019, the CIS market for uranium ores and concentrates grew from 28 059 t to 29 219 t, driven by a 41% increase in uranium concentrate production at Ukraine's GZK and the entry of new players through special permits for uranium deposit development. The market then contracted to 25 835 t in 2020 as the COVID-19 pandemic disrupted global mining operations.

Production rebounded to 27 980 t in 2021, supported by Rosatom's expansion of uranium output in Russia and the broader adoption of efficient in-situ leaching technology. In 2022, the market stabilized at 27 296 t, coinciding with the restart of idled mines such as Cigar Lake in Canada and changes to Ukrainian legislation regulating uranium ore trade.

In the later period, key developments included Rosatom opening a new uranium field in Kurgan Oblast in 2024 and securing multiple export contracts, while Kazakhstan remained a dominant global supplier. Market dynamics were also shaped by price volatility and the worldwide restart of additional uranium mines.

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 CIS
  1. 5.1.1. Annual dynamics of production in CIS 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. 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 Azerbaijan in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Azerbaijan 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 Azerbaijan in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Azerbaijan 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 Azerbaijan, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Azerbaijan 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 Azerbaijan in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Azerbaijan 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 Azerbaijan in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Azerbaijan 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 Azerbaijan, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Azerbaijan by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Azerbaijan in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Azerbaijan, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Azerbaijan in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Azerbaijan by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Azerbaijan in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Azerbaijan by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Azerbaijan, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Azerbaijan by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ 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 CIS

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, CIS countries produced 25 835 tonnes of uranium ores and concentrates, marking a significant 11.6% decline compared to the previous year. Looking at the broader period from 2017 to 2020, production fell by 12.8%, with a compound annual growth rate of 4.5%. The most notable increase occurred in 2019, when production rose by 4.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.3%)	4.1%	(11.6%)	(4.5%)

Source: SHEV.io

Exports uranium ores and concentrates from CIS

Exports in kind, kg

Annual dynamics of product's exports from CIS in kind, 2017-2020, kg

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

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

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

Source: SHEV.io

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

Source: SHEV.io

Imports uranium ores and concentrates to CIS

Imports in kind, kg

Annual dynamics of product's imports to CIS 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 consistently served as the primary and nearly exclusive destination for uranium ore and concentrate imports into CIS countries, accounting for 100.0% of all imports in kind during this period.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

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

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

Source: SHEV.io

Between 2017 and 2020, the United States was the dominant supplier of uranium ores and concentrates to CIS countries in value terms, capturing 100.0% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io