Market research

Uranium ores and concentrates market in Eastern Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Eastern Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Earlier Report Observations

The market volume for uranium ores and concentrates in Eastern Asia declined from 2 089 t in 2018 to 1 704 t in 2022, with a notable drop in 2021. Initially, growing demand for nuclear fuel due to the expansion of nuclear power in the region supported the market. However, a global supply contraction from major producers like Canada and Namibia led to a sharp fall in imports, which dropped to zero in 2019 and reduced overall market volume. The COVID-19 pandemic in 2020 introduced supply chain uncertainties, but domestic production remained steady at 1 885 t, stabilizing the market around 1 888 t.

A production decrease of 285 t in 2021 drove the market volume down to 1 614 t. This was partly due to a global sulfuric acid shortage, a critical reagent for in-situ uranium leaching, which constrained processing capacity. In 2022, production recovered slightly to 1 700 t amid record-high uranium prices and increased global output, encouraging local producers to raise output.

Beyond 2022, global events continued to shape the market environment. The restart of major mines such as McArthur River in Canada and Langer Heinrich in Namibia boosted global supply, while rising demand from China supported prices. The U.S. ban on Russian uranium imports and sulfuric acid shortages in Kazakhstan further strained supply chains, prompting increased exploration activity and the adoption of more efficient mining technologies.

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 Eastern Asia
  1. 5.1.1. Annual dynamics of production in Eastern 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, K $ 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 China, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to China 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, K $ 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 China, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to China 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, K $ 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 China, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from China 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, K $ 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 China, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from 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 Eastern 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 Eastern Asia, uranium ore and concentrate production remained stable at 1 885 tonnes in 2020, unchanged from the previous year. Over the 2017-2020 period, production grew by 11.4%, representing a compound annual growth rate of 3.7%. Production peaked in 2018 at 1 885 tonnes, while 2019 saw no change. The most significant increase occurred in 2018, with an 11.4% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.4%	-	-	3.7%

Source: SHEV.io

Exports uranium ores and concentrates from Eastern Asia

Exports in kind, t

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

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, K $ US

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

Imports in kind, t

In 2020, uranium ore and concentrate imports into Eastern Asia totaled 2.9 tonnes, showing only a slight variation from the 2019 level. Between 2018 and 2020, imports fell by 98.7%, which translates to an annualized decline of 76.4%.

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

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

Source: SHEV.io

From 2017 to 2020, uranium ore and concentrate imports into Eastern Asia were almost entirely sourced from the United States, which accounted for 98.6% of total imports by volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, the value of uranium ore and concentrate deliveries to Eastern Asia was 57.5 thousand US dollars, remaining largely unchanged from the previous year. Over the 2018-2020 period, import value decreased by 84%, with a compound annual decline rate of 45.8%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, K $ 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 and Namibia were the two main sources of uranium ore and concentrate imports into Eastern Asia, together representing 99.5% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io