The export of Vanadium Oxides and Hydroxides from the US has exhibited substantial fluctuations from 2013 to 2023, beginning at 554.28 thousand kilograms in 2013. By 2023, it stood at 756.56 thousand kilograms, demonstrating significant variation with a large dip in 2016 and a peak in 2018. The year-on-year variations over the last two years show a slight decrease of 0.74% in 2022 and 0.73% in 2023. The Compound Annual Growth Rate (CAGR) reveals an average annual decline of 4.19% over the last five years.
Looking ahead, forecasts suggest a continuous mild decrease with a five-year CAGR of -0.62% leading to an export volume of approximately 727.43 thousand kilograms by 2028. This decline highlights a relatively stable yet slowly shrinking market. Future trends to watch for include potential technological advancements or changes in global economic policies that could influence the demand and production of vanadium-based compounds. Environmental regulations might also play a crucial role, potentially impacting the overall export volumes.
