Key Market Indicators
Omani vanadium import is forecast to decline by 11.2% annually, from 3,140 kilograms in 2021 to 1,590 kilograms in 2026. This marks a 33.8% drop from 2012 levels. In 2021, Oman ranked 32nd in the world for vanadium imports, behind Argentina, South Korea, the United States and India.