Key Market Indicators
Czech imports of vanadium are set to reach 12.5 million kilograms by 2026, up 2.2% year-on-year. Since 1998, demand has grown at an average of 3.1% annually. South Korea, the US, and India were the second, third and fourth largest importers respectively. Czech exports of vanadium totalled 43,320 kilograms in 2019, a massive jump from 1,660 kilograms in 2018. This represented a 2,500% increase year-on-year. The Czech Republic ranked 12th in 2019, overtaken by India. Russia, China, and South Africa were the second, third and fourth largest exporters respectively.