In 2023, China's import of natural uranium stood at 22.13 million kilograms. Forecasts for 2024 indicate a 2.14% increase to 22.60 million kilograms. Projections continue to show steady growth: 2025 at 2.56%, 2026 at 2.45%, 2027 at 2.34%, and 2028 at 2.24% per year. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be approximately 2.34%. This signifies a consistent and moderate growth trend in China's natural uranium imports.
Future trends to watch for:
- Potential impacts of China's nuclear energy expansion on uranium demand.
- Geopolitical factors influencing global uranium supply chains.
- Technological advancements in nuclear fuel efficiency that could affect import volumes.