The export of Vanadium Oxides and Hydroxides from Brazil has demonstrated significant growth over the past decade. Starting from a modest volume in 2014, exports saw a dramatic increase with a notable peak in 2015, experiencing a year-on-year growth of 531.86% and a compound annual growth rate (CAGR) of 209.12% at the time. Subsequent years saw more moderate yet consistent increases, with minor fluctuations. By 2023, the export volume stood at 12,730 Thousand Kilograms, marking a slight year-on-year increase of 5.49% and maintaining a 5-year CAGR of 6.75%.
Future trends indicate continued positive momentum, with forecasted data suggesting a 5-year CAGR of 3.77%, reaching an export volume of 16,190 Thousand Kilograms by 2028. This growth corresponds to a forecasted 5-year growth rate of 20.31%, underscoring a steady demand for Brazilian Vanadium Oxides and Hydroxides in the global market.
Trends to watch for include potential impacts of global economic shifts, changes in industrial demand particularly from the energy storage and automotive sectors, and any regulatory changes affecting the mining and export of vanadium in Brazil.
