Key Market Indicators
Vanadium imports to South Africa are projected to drop 8% year on year on average from 2021 to 2026. In 2021, South Africa was the 10th largest importer of the metal, at 309,000 kilograms, far behind leader Brazil at 6.54 million kilograms. South Korea, the United States, and India followed in second, third and fourth place respectively. Vanadium exports from South Africa are set to decrease marginally by 0.1% year on year on average from 2021 to 2026. In 2021, South Africa was the fourth largest exporter of the metal, at 6.54 million kilograms, narrowly behind leader China at 6.49 million kilograms. Russia, China, and South Africa followed in second, third and fourth place respectively. Since 2005, South African exports have risen 2.7% year on year.