As of 2023, the import value of uranium or thorium ores and concentrates to China stood at 23.942 million US dollars. Forecasted data for the following years indicate a steady year-on-year increase in import values. Specifically, China is projected to import 24.895 million US dollars in 2024, 25.903 million US dollars in 2025, 26.891 million US dollars in 2026, 27.859 million US dollars in 2027, and 28.808 million US dollars in 2028.
Year-on-year variations are as follows:
- For 2024: 3.98%
- For 2025: 4.05%
- For 2026: 3.82%
- For 2027: 3.60%
- For 2028: 3.41%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 3.77% per year.
Future trends to watch for include China's potential investments in nuclear energy infrastructure, global uranium market dynamics, and any changes in regulatory frameworks that could impact the import of uranium and thorium ores and concentrates. Additionally, the shift towards clean energy and its impact on demand for nuclear fuel should be closely monitored.
