Key Market Indicators
Thai vanadium exports are set to reach 738,000 kilograms by 2026, a 1.1% year-on-year increase from 692,000 kilograms in 2021. Since 2016, exports have grown by 37.7%. The US topped the list in 2021, followed by Russia, China and South Africa. Meanwhile, imports are predicted to drop 3.5% year-on-year to 7,450 kilograms by 2026, down from 9,200 kilograms in 2021. Since 1993, demand has fallen by 26.8%. Lithuania led the list in 2021, with South Korea, the US and India following.
