Key Market Indicators
Estonian demand for vanadium is set to decrease by 2.2% year on year, reaching 6.63 Kg by 2026. Since 2002, demand has jumped by 137.5%. In 2021, the country ranked 51st, with Colombia overtaking it at 7.55 Kg. South Korea, the US and India followed, coming in at 2nd, 3rd and 4th respectively. Vanadium export from Estonia has remained stable since 2016, at 1,100 Kg.