Key Market Indicators
Japan’s Vanadium exports are predicted to plunge by 30% this year, from 43,450 kilograms in 2021 to just 6,330 kilograms by 2026. This marks a 3.8% year-on-year decrease since 1993. Japan placed 11th in the 2021 rankings, with Canada in the lead at 43,450 kilograms. Russia, China, and South Africa came in at numbers 2, 3 and 4, respectively. Imports of Vanadium in Japan are set to decrease by 32.2% this year, from 725,050 kilograms in 2021 to 89,290 kilograms by 2026. This marks a 18.3% year-on-year decrease since 1993. Japan was ranked 6th in 2021, with Russia in the lead at 725,050 kilograms. South Korea, the United States, and India were ranked 2, 3 and 4, respectively.