Key Market Indicators
Iran is set to import 26,060 kilograms of vanadium by 2026 - a 1% rise year-on-year. Since 2003, demand has surged 17.7% annually. In 2021, the country came 16th in the international rankings, with Indonesia in the lead with 24,620 kilograms. South Korea, the US and India followed in second, third and fourth place respectively.