The global export share of ferro-vanadium in 2023 saw China leading with 24.48%, followed by the Czech Republic at 21.33%. South Korea and South Africa trail behind at 10.1% and 8.21%, respectively. The top five countries represent the bulk of the market. Notably, Canada's export share spiked by 11.1%, while Chile and Bulgaria experienced significant increases of 81.94% and 85.34%, respectively. This contrasts with notable declines in countries like Poland and the United Kingdom at -13.87% and -14.52%.
Future trends to watch include:
- The continued growth of China's dominance in the export market.
- Potential shifts in European countries influenced by local demand and industrial policies affecting export capacity.
- Rising economies like Chile and Bulgaria could continue their upward trajectory if conditions remain favorable.
Top countries in Export of Ferro-Vanadium Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.48 | 2023 | +4.81% | +0.93% | View data |
| 2 | 2 Czech Republic | 21.33 | 2023 | +4.99% | +2.32% | View data |
| 3 | 3 South Korea | 10.1 | 2023 | +4.66% | +1.45% | View data |
| 4 | 4 South Africa | 8.21 | 2023 | -0.66% | -4.95% | View data |
| 5 | 5 Netherlands | 5.37 | 2023 | +3.15% | -0.43% | View data |
| 6 | 6 Belgium | 4.91 | 2023 | +6.26% | +2.51% | View data |
| 7 | 7 Canada | 4.83 | 2023 | +5.6% | +11.1% | View data |
| 8 | 8 United States | 3.95 | 2023 | +5.1% | +1.16% | View data |
| 9 | 9 Slovakia | 2.54 | 2023 | +6.64% | +1.08% | View data |
| 10 | 10 Germany | 2.43 | 2023 | +4.6% | +1.44% | View data |
