Key Market Indicators
Indonesia is projected to import 20,730 kilograms of vanadium by 2026, down 2.9% year-on-year. This marks a sharp drop in demand since 1994, when the country's imports had fallen by 11%. In 2021, Indonesia ranked 15th in the world for vanadium imports, with Saudi Arabia coming in first at 24,680 kilograms. South Korea, the United States and India followed in second, third and fourth place respectively.
