In 2023, China's import value for thorium ores and concentrates was recorded at 24.0 Million US Dollars. Forecasts indicate a steady increase in import values from 2024 to 2028, starting at 24.897 Million US Dollars in 2024 and reaching 28.813 Million US Dollars by 2028. The year-on-year variation indicates an average annual growth rate of approximately 4% to 5%. Specifically, the compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is about 3.7%.
Future trends to watch for include technological advancements in thorium energy applications, which could drive demand. Additionally, geopolitical factors and international trade agreements may impact import volumes and values.
