Price for Thorium Ores and Concentrates in South Africa - 2023

Contents:

1. Price for Thorium Ores and Concentrates in South Africa (FOB) - 2022
2. Price for Thorium Ores and Concentrates in South Africa (CIF) - 2022
3. Exports of Thorium Ores and Concentrates in South Africa
4. Imports of Thorium Ores and Concentrates in South Africa

Price for Thorium Ores and Concentrates in South Africa (FOB) - 2022

In 2022, the average thorium ores and concentrates export price amounted to $68,664 per ton, dropping by -18.3% against the previous year. Overall, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices reached the peak figure at $84,062 per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($96,818 per ton), while the average price for exports to Mozambique amounted to $6,725 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Thorium Ores and Concentrates in South Africa (CIF) - 2022

The average thorium ores and concentrates import price stood at $201 per ton in 2022, which is down by -95.9% against the previous year. Overall, the import price continues to indicate a dramatic slump. The growth pace was the most rapid in 2016 an increase of 795% against the previous year. Over the period under review, average import prices hit record highs at $18,347 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +12.4% per year.

Exports of Thorium Ores and Concentrates in South Africa

In 2022, after two years of decline, there was significant growth in overseas shipments of thorium ores and concentrateses, when their volume increased by 129% to 16 kg. In general, exports, however, faced a dramatic downturn.

In value terms, thorium ores and concentrates exports surged to $1.1K in 2022. Over the period under review, exports, however, faced a dramatic setback.

Top Export Markets for Thorium Ores and Concentrates from South Africa in 2022:

1. Democratic Republic of the Congo (11.0 kg)
2. Mozambique (5.0 kg)

Imports of Thorium Ores and Concentrates in South Africa

In 2022, purchases abroad of thorium ores and concentrateses was finally on the rise to reach 34 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt decline.

In value terms, thorium ores and concentrates imports fell significantly to $7 in 2022. Over the period under review, imports, however, recorded a sharp curtailment. The smallest decline of -57.6% was in 2021.

Top Suppliers of Thorium Ores and Concentrates to South Africa in 2022:

1. Australia (34.0 kg)

Source: IndexBox Market Intelligence Platform