Market research

Uranium ores and concentrates market in Southern Asia

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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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

Production of uranium ores in Southern Asia began at 539 t in 2018, supported by the ongoing expansion and modernization of Uranium Corporation of India Limited (UCIL) mines and processing plants in Jharkhand, including new facilities at Turamdih. Output fell to 424 t in 2019, coinciding with India's long-term contract for uranium concentrate imports from Uzbekistan, reflecting a strategic shift to supplement domestic supply.

Production recovered to 516 t in 2020 and surged to a peak of 666 t in 2021. The market stabilized at 665 t in 2022, maintaining the high output level achieved the previous year.

From 2023, the regulatory framework was strengthened by the Mines and Minerals Amendment Bill, granting the central government exclusive control over auctioning critical mineral leases including uranium. The following year saw major resource additions, with significant uranium deposit discoveries in Rajasthan's Sikar district and a state-of-the-art Magnetite Recovery Plant commissioned at UCIL's Turamdih unit, enhancing resource efficiency amid rising global uranium prices and national nuclear energy goals.

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 Southern Asia
  1. 5.1.1. Annual dynamics of production in Southern 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. Trade balance
1. 6.1. Trade balance (Direct Data)
  1. 6.1.1. In kind, kg
  2. 6.1.2. In value, $ US
2. 6.2. Trade balance (Mirror Data)
  1. 6.2.1. In kind, kg
  2. 6.2.2. In value, $ US
7. Top buying and selling countries, 2018-2024
1. 7.1. Direct Data
  1. 7.1.1. Import in Value by Countries-buyers
  2. 7.1.2. Export in Value by Countries-suppliers
2. 7.2. Mirror Data
  1. 7.2.1. Import in Value by Countries-buyers
  2. 7.2.2. Export in Value by Countries-suppliers

Production uranium ores and concentrates in Southern 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 2018, Southern Asia's production of uranium ores and concentrates reached its peak at 539.0 t. This was followed by a significant decline of 21.3% in 2019, when output dropped to 424.0 t. Production then rebounded in 2020, increasing by 21.7% to reach 516.0 t.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.5%	(21.3%)	21.7%	0.7%

Source: SHEV.io

Exports uranium ores and concentrates from Southern Asia

Exports in kind, t

Annual dynamics of product's exports from Southern 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, all exports of uranium ores and concentrates from Southern Asia were directed exclusively to China, making this market the sole destination for these shipments.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Southern 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

During the 2017–2020 period, China was the exclusive market for Southern Asia's uranium ores and concentrates exports in value terms, consistently representing 100.0% of total export revenue.

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

Source: SHEV.io

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

Source: SHEV.io