Market research

Uranium ores and concentrates market in Europe

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Europe" region includes following countries:

Albania

Andorra

Bosnia and Herzegovina

Croatia

Gibraltar

Greece

the Holy See

Italy

Malta

Montenegro

Portugal

San Marino

Serbia

Slovenia

Spain

North Macedonia

Bulgaria

Belarus

Czechia

Hungary

Moldova

Poland

Romania

Russia

Slovakia

Ukraine

Denmark

Estonia

Faroe Islands

Finland

Åland Islands

Iceland

Ireland

Latvia

Lithuania

Norway

Sweden

the United Kingdom

Isle of Man

Austria

Belgium

France

Germany

Liechtenstein

Luxembourg

Monaco

the Netherlands

Switzerland

Earlier Report Observations

The European market for uranium ores and concentrates saw its volume peak at 3 769 tonnes in 2019 before beginning a multi-year decline. After a modest decrease to 3 627 tonnes in 2020, the market contracted more sharply in the following years.

The market volume fell to 3 121 tonnes in 2021 and then to 2 629 tonnes in 2022. This significant reduction in production and market volume was primarily driven by geopolitical disruptions, including the ongoing effects of the COVID-19 pandemic and the outbreak of military conflict in Ukraine, which constrained supply chains and reduced material availability on the spot market.

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 Europe
  1. 5.1.1. Annual dynamics of production in Europe 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 Albania in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Albania 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Albania in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Albania 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 Albania, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Albania 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 Albania in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Albania 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Albania in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Albania 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 Albania, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Albania 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 Albania in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Albania 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Albania in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Albania 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 Albania, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Albania 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 Albania in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Albania 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Albania in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Albania 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 Albania, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Albania 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, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  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 Europe

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

Europe's production of uranium ores and concentrates declined after two years of growth. In 2020, Europe produced 3,627 tonnes, marking a moderate decrease of 3.8% from the previous year. Looking at the period from 2017 to 2020, production fell by 2.4%, which translates to an annualized decline of 0.8%. The highest production level was recorded in 2019 at 3,769 tonnes, with the largest annual increase of 1.1% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.3%	1.1%	(3.8%)	(0.8%)

Source: SHEV.io

Exports uranium ores and concentrates from Europe

Exports in kind, t

Europe's exports of uranium ores and concentrates declined for the third consecutive year. In 2020, exports dropped to 0.0 tonnes, representing a sharp decrease of 41.8% compared to 2019. Over the period from 2017 to 2020, exports fell by 100%, equating to an annualized decline of 93.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.9%)	(45.1%)	(41.8%)	(93.6%)

Source: SHEV.io

From 2017 to 2020, virtually all of Europe's exports of uranium ores and concentrates in kind were directed to the United States, which accounted for 98.7% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market showed an unstable trend throughout this period. Export volumes in value terms peaked in 2017 and reached their lowest point in 2019, with a 465-fold difference between these years. In 2020, foreign supplies of uranium ores and concentrates from Europe amounted to 20,000 US dollars, reflecting a significant increase of 308.1% from 2019. The minimum value was recorded in 2019 at 5,000 US dollars, with the largest decline of 99.4% occurring in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.4%)	(63.9%)	308.1%	(79.4%)

Source: SHEV.io

Throughout 2017–2020, the United States dominated Europe's exports of uranium ores and concentrates in value terms, consistently representing 98.3% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports uranium ores and concentrates to Europe

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Import volumes in kind varied significantly, with a 10,855-fold difference between the peak and trough from 2017 to 2019. In 2020, Europe's imports of uranium ores and concentrates totaled 0.3 tonnes, showing a steep rise of 2,741.6% compared to 2019. The minimum value was recorded in 2019 at 0.0 tonnes, with the largest decline of 99.2% occurring in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.2%)	(98.9%)	2 741.6%	(86.2%)

Source: SHEV.io

From 2017 to 2020, Canada (20.9% of imports in kind), Niger (16.0% of imports in kind), and Mongolia (5.5% of imports in kind) were the largest suppliers of uranium ores and concentrates to Europe, together accounting for 42.4% of total imports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Volatility characterized the market behavior during these years. Import volumes in value terms varied 253-fold from the high in 2017 to the low in 2019. In 2020, shipments of uranium ores and concentrates to Europe from abroad amounted to 22,000 US dollars, up by 501.5% compared to the previous year. The minimum value was recorded in 2019 at 4,000 US dollars, with the largest decline of 96.9% occurring in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(96.9%)	(87.0%)	501.5%	(71.2%)

Source: SHEV.io

Over 2017–2020, Niger (2.1% of imports in value terms), the United States (1.2% of imports in value terms), and South Africa (1.0% of imports in value terms) consistently held leading positions in the country structure of imports in value terms, jointly accounting for 4.2% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io