In recent years, China’s nuclear power industry has developed rapidly. As of June 30, 2024, China had 56 commercial nuclear power units in operation, with a total installed capacity of approximately 58.2 million kilowatts. By the end of 2023, there were 26 nuclear power units under construction, with a total installed capacity of 30.3 million kilowatts. China has maintained the world’s largest installed capacity of nuclear power units under construction for several consecutive years. As China’s installed nuclear power capacity increases, the country’s demand for uranium resources continues to rise. Due to the scarcity of domestic uranium resources, with total reserves of no more than 200,000 tons and high extraction costs, China needs to import large quantities of uranium each year.

In 2023, China imported 13,123.7 tons of uranium resources, a year-on-year decrease of 3.6%, while the import value reached 1.94 billion USD, a year-on-year increase of 47.5%. According to CRI’s analysis, from January to July 2024, China imported 9,517.8 tons of uranium resources, a year-on-year decrease of 4.8%, with an import value of 1.55 billion USD, a year-on-year increase of 28.7%.

From 2018 to 2023, the average import price of uranium resources fluctuated significantly. In 2019, the average import price of uranium in China was 125.2 USD per kilogram, a year-on-year increase of 38.3%. According to CRI’s analysis, from 2019 to 2021, the average import price of uranium resources continuously declined, reaching 96.5 USD per kilogram in 2021. In 2022, the average import price of uranium resources surged to 147.7 USD per kilogram, a 53% increase compared to 2021. In 2023, the average import price slightly decreased to 137.7 USD per kilogram.

China primarily imports two types of uranium resources: natural uranium and enriched U-235 uranium. In 2023, China imported 16,866.8 tons of natural uranium, accounting for 96.6% of the total import volume, with an import value of 1.87 billion USD, representing 78.0% of the total import value. In 2023, China imported natural uranium from four countries and regions. According to CRI’s analysis, Kazakhstan was China’s largest source of natural uranium imports by volume. In 2023, China imported 11,132.5 tons of natural uranium from Kazakhstan, accounting for 66.0% of the total natural uranium imports, with an import value of 1.27 billion USD, accounting for 67.8% of the total natural uranium import value.

China’s domestic uranium resources are insufficient, leading to a heavy reliance on imports. Nuclear power generation in China accounts for about 5% of the country’s total electricity generation, indicating significant room for growth. CRI predicts that from 2024 to 2033, as China’s nuclear power installed capacity continues to increase, the demand for uranium resources will keep rising, and China’s uranium resources imports are expected to grow steadily.

Topics Covered:

• China’s Uranium Resource Imports and Major Sources, 2018-2023
• Key Drivers and Market Opportunities for China’s Uranium Resource Imports
• What are the main drivers, challenges, and opportunities for China’s uranium resource imports during the forecast period of 2024-2033?
• Which countries are the major sources of China’s uranium resource imports, and what are their export size and average price?
• What is the expected revenue for China’s uranium resource import market during the forecast period of 2024-2033?
• What strategies have the key players in the market implemented to increase their market share in this industry?
• Which segment of the Chinese uranium resource import market is expected to dominate the market by 2033?
• What are the competitive advantages of the key players in China’s uranium resource import market?
• What is the impact of economic uncertainty on China’s uranium resource imports?
• What are the main limiting factors restricting the growth of China’s uranium resource imports?

Table of Contents

1. 2018-2023 China’s Uranium Resources Import Analysis

1.1. China’s Uranium Resources Import Scale

1.1.1. Import Volume of Uranium Resources in China

1.1.2. Import Value of Uranium Resources in China

1.1.3. Import Price of Uranium Resources in China

1.1.4. Apparent Consumption of Uranium Resources in China

1.1.5. Import Dependence of Uranium Resources in China

1.2. Major Import Sources of Uranium Resources in China

1.2.1. By Import Volume

1.2.2. By Import Value

2. China’s Natural Uranium Import Analysis, 2018-2023

2.1. Natural Uranium Import Volume

2.2. Natural Uranium Import Volume

2.3. Natural Uranium Import Prices

2.4. Import Dependence of Natural Uranium

2.5. Import Analysis of Natural Uranium by Type

2.5.1. Natural Uranium Imports by Type

2.5.2. Import Value of Natural Uranium by Category

2.5.3. Import Prices of Natural Uranium by Category

2.6. Sources of Natural Uranium Imports

2.6.1. By Import Volume

2.6.2. By Import Value

3. 2018-2023 China Import Analysis of Enriched Uranium

3.1. Import Volume of Enriched Uranium

3.2. Import Value of Enriched Uranium

3.3. Import Price of Enriched Uranium

3.4. Import Dependence of Enriched Uranium

3.5. Analysis of Various Types of Enriched Uranium Imports

3.5.1. Enriched Uranium Imports by Type

3.5.2. Import Value of Enriched Uranium by Type

3.5.3. Import Prices of Various Types of Enriched Uranium

3.6. Import Sources of Enriched Uranium

3.6.1. By Import Volume

3.6.2. By Import Value

4. 2018-2023 Analysis of Major Import Sources of Uranium Resources in China

4.1. Analysis of Uranium Resources Imports from Kazakhstan

4.2. Analysis of Uranium Resources Imports from Namibia

4.3. Analysis of Uranium Resources Imports from Uzbekistan

4.4. Analysis of Uranium Resources Imports from the Russian Federation

4.5. Analysis of Uranium Imports into Germany

4.6. Analysis of Other Uranium Resources Imports

5. China’s Uranium Resource Import Outlook 2024-2033

5.1. Factors Affecting China’s Uranium Resource Imports

5.1.1. Favorable Factors

5.1.2. Unfavorable Factors

5.2. China’s Uranium Resource Import Forecast, 2024-2033

5.2.1. Import Volume Forecast

5.2.2. Forecast of Major Import Sources

5.2.3. Forecast of Major Imported Uranium Resources Types

LIST OF CHARTS

Chart  Import Volume of Uranium Resources in China, 2018-Jul 2024

Chart  Import Value of Uranium Resources in China, 2018-Jul 2024

Chart Average Import Price of Uranium Resources in China, 2018-Jul 2024

Chart Operation of Nuclear Power in China, 2018-Jun 2024

Chart China’s Electricity Production Statistics from Operating Nuclear Power Units, Jan-Dec 2023

Chart China’s Electricity Production Statistics from Operating Nuclear Power Units, Jan-Jun 2024

Chart Major Sources of China’s Uranium Resource Imports by Volume, 2018

Chart Major Sources of China’s Uranium Resource Imports by Volume, 2019

Chart Major Sources of China’s Uranium Resource Imports by Volume, 2020

Chart Major Sources of China’s Uranium Resource Imports by Volume, 2021

Chart Major Sources of China’s Uranium Resource Imports by Volume, 2022

Chart Major Sources of China’s Uranium Resource Imports by Volume, 2023

Chart Major Sources of China’s Uranium Resource Imports by Value, 2018

Chart Major Sources of China’s Uranium Resource Imports by Value, 2022

Chart Major Sources of China’s Uranium Resource Imports by Value, 2023

Chart Import Volume of Natural Uranium in China, 2018-2023

Chart Import Value of Natural Uranium in China, 2018-2023

Chart Average Import Price of Natural Uranium in China, 2018-2023

Chart Major Sources of Natural Uranium Imports in China by Volume, 2023

Chart Major Sources of Natural Uranium Imports in China by Value, 2023

Chart  Import Volume of Enriched Uranium in China, 2018-2023

Chart Import Value of Enriched Uranium in China, 2018-2023

Chart Average Import Price of Enriched Uranium in China, 2018-2023

Chart Major Sources of Enriched Uranium Imports in China by Volume, 2023

Chart Major Sources of Enriched Uranium Imports in China by Value, 2023

Chart Import Volume of Uranium Resources from Kazakhstan, 2018-2023

Chart Import Value of Uranium Resources from Kazakhstan, 2018-2023

Chart Average Import Price of Uranium Resources from Kazakhstan, 2018-2023

Chart Import Volume of Uranium Resources from Namibia, 2018-2023

Chart Import Value of Uranium Resources from Namibia, 2018-2023

Chart Average Import Price of Uranium Resources from Namibia, 2018-2023

Chart Import Volume of Uranium Resources from Uzbekistan, 2018-2023

Chart Import Value of Uranium Resources from Uzbekistan, 2018-2023

Chart Average Import Price of Uranium Resources from Uzbekistan, 2018-2023

Chart Size of Imported Natural Uranium from the Russian Federation, 2018-2023

Chart Average Import Price of Natural Uranium from the Russian Federation, 2018-2023

Chart Size of Imported Enriched Uranium from the Russian Federation, 2018-2023

Chart Average Import Price of Enriched Uranium from the Russian Federation,  2018-2023

Chart Size of Imported Depleted Uranium from Germany, 2018-2023

Chart Average Import Price of Depleted Uranium from Germany, 2018-2023

Chart Forecast for Natural Uranium Import Volume in China, 2024-2033

Chart Forecast for Enriched Uranium Import Volume in China, 2024-2033

Chart Forecast for Uranium Resource Import Volume in China, 2024-2033

The post Research Report on China’s Uranium Resource Import 2024-2033 first appeared on CRI Report.

Thailand is the second largest economy in ASEAN after Indonesia, with a total land area of 513,120 square kilometers. As of the end of 2023, Thailand has a population of approximately 70 million.

Thailand has an annual steel production capacity of about 10 million tons, mainly using the electric arc furnace (EAF) production process. The major steel companies in Thailand are GSteel Steel, GJSteel Steel, and Tata Steel Thailand. In December 2021, Nippon Steel announced that it had paid US$419 million to acquire a 49.99% stake in GSteel Steel and a 40.45% stake in GJSteel Steel. As of now, no new capacity expansion projects have been announced by Thai officials.

Considering efficiency and cost issues, the equipment utilization rate of Thai steel companies is not very high. Thailand’s domestic demand for flat steel is mainly met through imports (70%-75% of total imports). Japan, China and South Korea are Thailand’s top three sources of imports, while the US, Indonesia and Vietnam are its top three export destinations.

Thailand is not very rich in raw material resources; its iron ore production is very small and it relies mainly on imports. Phu Ang Iron Ore Mine located in Lai Phu, Thailand is the largest iron ore mine in Thailand, with total reserves estimated at 10.9 million tons and an iron content of 65% to 67%. Another mine in Thailand is the Phu Hia iron ore mine. Both of these iron ore mines are located in northeastern Thailand.

Thai steelmakers are worried about the influx of cheap steel products from Russia into the Thai and ASEAN markets after Russia was sanctioned over the Russia-Ukraine war. Russia is looking for new buyers as its steel exports are banned from the European market. Meanwhile, Chinese steelmakers are also seeking to expand exports as steel consumption in China has fallen. If cheap imported steel products are dumped into the Thai market, it is expected to deal a devastating blow to Thailand’s domestic steel manufacturing industry.

In recent years, Thailand’s steel consumption has been more than 60% dependent on imported steel. In 2018, this figure was 62.3%, rising to nearly 69% by 2023.

For example, in 2023, Thailand’s apparent consumption of finished steel was about 16.33 million tons, and in that year, Thailand’s production volume of finished steel was only 6.6 million tons, and import volume of finished steel was as high as 11.21 million tons.

As a result, some local Thai steel manufacturers have asked the Thai government to restrict steel imports. For more than a decade, the Thai government has issued a series of anti-dumping measures against imported steel products, but they have been largely ineffective. The main reason for Thailand’s rising steel imports is the high cost of Thai-produced steel, as well as an inadequate product range. For downstream companies, it is more cost-effective to purchase imported products. Thai steel imports will continue to rise in the future if Thai steel companies do not seek to reduce production costs and develop mid-range and high-end products.

In 2023, Thailand’s consumption of finishes steel declined 0.4% year-on-year to 16.33 million tons from 16.39 million tons in 2022. The CAGR of consumption of finished steel in Thailand is -3.3% over the period 2018-2023.

As the cost of crude steel and steel production in Thailand is higher than in some countries in Southeast Asia, such as Vietnam and Indonesia, and also higher than in China, India and Japan in Asia, the growth of Thailand’s domestic steel output volume is expected to be limited in the next few years. In case of low steel prices in the international market, there is a possibility of a decline in Thailand’s domestic steel production.

CRI predicts that Thailand’s steel production and consumption will both increase in 2024-2033. The main reason is that Thailand is the country with the strongest comprehensive manufacturing strength in Southeast Asia. On the one hand, the continued growth of Thailand’s economy will promote the increase in Thailand’s domestic steel consumption. At the same time, with the economic growth of other Southeast Asian countries such as Vietnam, Thailand’s steel exports to these countries are expected to increase.

Factors such as the Sino-US trade war will reduce China’s steel exports, which will be beneficial to the development of Thailand’s local steel industry to a certain extent.

Topics covered:

•  Thailand Steel Industry Overview
•  The economic and policy environment of Thailand’s steel industry
•  Thailand Steel Industry Market Size, 2024-2033
•  Analysis of the main Thailand’s steel production enterprises
•  Key drivers and market opportunities for Thailand’s steel industry
•  What are the key drivers, challenges and opportunities for Thailand’s steel industry during the forecast period 2024-2033?
•  Which companies are the key players in the Thailand steel industry market and what are their competitive advantages?
•  What is the expected revenue of Thailand steel industry market during the forecast period 2024-2033?
•  What are the strategies adopted by the key players in the market to increase their market share in the industry?
•  Which segment of the Thailand steel industry market is expected to dominate the market by 2032?
•  What are the main negative factors facing the steel industry in Thailand?

Table of Contents

1 Development Environment of Thailand Steel Industry

1.1 Economic Environment

1.1.1 Thailand’s Economy

1.1.2 Foreign Investment in Thailand Steel Industry

1.1.3 Minimum Wage Standard in Thailand

1.1.4 The impact of COVID-19 on Thailand’s Steel Industry

1.2 Policy Environment

1.2.1 Policies Related to Steel Industry

1.2.2 Preferential Policies on Foreign Investment

1.2.3 Anti-dumping measures

1.3 Research Methods of the Report

1.3.1 Parameters and Assumptions

1.3.2 Data Sources

1.3.3 About CRI

2 Market Status of Thailand Steel Industry, 2018-2023

2.1 Supply

2.1.1 Production Capacity

2.1.2 Production Volume

2.1.2 Production Volume

2.2 Demand on Thailand Steel Market

2.2.1 Total Demand

2.2.2 Demand Structure

2.2.3 Steel Price

2.3 Competition Structure of Thailand Steel Market

2.3.1 Upstream Suppliers

2.3.2 Downstream Customers

2.3.3 Competition in Steel Industry

2.3.4 Potential Entrants

2.3.5 Substitutes

3 Major steel products in Thailand

3.1 Flat steel products industry

3.1.1 Supply and Production Volume

3.1.2 Demand

3.1.3 Imports and Exports

3.2 Long steel products

3.2.1 Supply and Production Volume

3.2.2 Demand

3.2.3 Imports and Exports

3.3 Steel pipes

4 Analysis on Import and Export of Steel in Thailand, 2018-2023

4.1 Import

4.1.1 Import Overview

4.1.2 Major Import Sources

4.2 Export

4.2.1 Export Overview

4.2.2 Export Destinations

5 Major Steel Manufacturers in Thailand, 2018-2023

5.1 Sahaviriya Steel Industries PCL

5.2 G Steel Public Company Limited

5.3 G J Steel PCL

5.4 Tata Steel (Thailand) Public Company Limited Group

5.5 Bangkok Steel Industry Public Co., Ltd.

5.6 Prime Steel Mill Co., Ltd.

5.7 LPN Plate Mill Ltd.

5.8 Asia Metal Plc.

5.9 2S Metal Plc.

5.10 Thai Cold Rolled Steel Sheet Plc.

5.11 The Steel Plc.

5.12 TMT Steel Plc.

6 Prospect of Thailand Steel Market, 2024-2033

6.1 Factors Influencing Development

6.1.1 Market Opportunities and Driving Forces

6.1.2 Threats and Challenges

6.2 Forecast on Supply and Demand

6.2.1 Forecast on Production Volume

6.2.2 Forecast on Demand

6.2.3 Forecast on Import and Export

6.3 Analysis on Investment Opportunities in Thailand Steel Industry

LIST OF CHARTS

Chart Location of Thailand in Southeast Asia

Chart Thailand GDP per capita 2013-2023

Chart Minimum Daily Wage in Thailand 2013-2024

Chart Thailand’s steel import volume as a percentage of steel consumption

Chart Output Volume of Crude Steel in Thailand, 2018-2023

Chart Output Volume of Finished Steel in Thailand, 2018-2023

Chart Demand Volume of Finished Steel in Thailand, 2018-2023

Chart Demand Structure of Steel in Thailand in 2023

Chart Price Index of Thailand Import Steel

Chart Output Volume of Flat Steel in Thailand, 2018-2023

Chart Demand Volume of Flat Steel in Thailand, 2018-2023

Chart Import Volume of Flat Steel in Thailand, 2018-2023

Chart Export Volume of Flat Steel in Thailand, 2018-2023

Chart Output Volume of Long Steel in Thailand, 2018-2023

Chart Demand Volume of Long Steel in Thailand, 2018-2023

Chart Import Volume of Long Steel in Thailand, 2018-2023

Chart Export Volume of Long Steel in Thailand, 2018-2023

Chart Import Volume of Finished Steel in Thailand, 2018-2023

Chart Export Volume of Finished Steel in Thailand, 2018-2023

Chart Profile of Sahaviriya Steel Industries PCL

Chart Profile of G Steel Public Company Limited

Chart Profile of G J Steel PCL

Chart Profile of Tata Steel (Thailand) Public Company Limited Group

Chart Profile of Bangkok Steel Industry Public Co., Ltd.

Chart Profile of Prime Steel Mill Co., Ltd.

Chart Profile of LPN Plate Mill Plc.

Chart Forecast on Output Volume of Thailand Steel 2024-2033

Chart Forecast on Consumption of Thailand Steel 2024-2033

Chart Forecast on Import Volume of Thailand Steel 2024-2033

Chart Forecast on Export Volume of Thailand Steel 2024-2033

The post Thailand Steel Industry Research Report 2024-2033 first appeared on CRI Report.