Key Market Indicators
Exports of vanadium from India are expected to reach around 53,000 kilograms in 2026, up from 45,500 kilograms in 2021. This would represent a 2.6% year-on-year average growth rate since 1994. In 2021, Japan was the top exporter of vanadium at 45,500 kilograms, followed by Russia, China and South Africa. Imports of vanadium to India are forecast to reach 4.1 million kilograms in 2026, up from 3.3 million kilograms in 2021. This would represent a 3.9% year-on-year average growth rate since 1993. In 2021, the US was the biggest importer of vanadium at 3.3 million kilograms, followed by South Korea, the US and India.