In 2024, Slovenia is the leading global importer of Ferro-Vanadium, with significant imports of 8.4995 million kilograms, demonstrating a year-on-year increase of 72.22%. Other major importers include Oman (6.6597 million kg) and Germany (6.0559 million kg), albeit with more modest year-on-year changes of 1.02% and 0.88%, respectively. The United States (4.3697 million kg) and the United Kingdom (4.2732 million kg) follow closely, with UK imports showing a notable rise of 10.36%. Japan (3.5528 million kg) and South Korea (1.9452 million kg) experienced slight declines.
Future trends to monitor include the growth trajectory of emerging markets such as Slovenia and the fluctuating demands in established markets like Germany and the United States. Additionally, geopolitical factors could significantly influence trade dynamics and import volumes. The sustainability and regulatory landscape will also play a crucial role in shaping the market's future.
Top countries in Import of Ferro-Vanadium by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 8,499,500 | 2023 | +4.54% | +72.22% | View data |
| 2 | 2 Oman | 6,659,700 | 2023 | +6.76% | +1.02% | View data |
| 3 | 3 Germany | 6,055,900 | 2023 | +0.95% | +0.88% | View data |
| 4 | 4 United States | 4,369,700 | 2023 | +1.9% | +1.15% | View data |
| 5 | 5 United Kingdom | 4,273,200 | 2023 | +4.46% | +10.36% | View data |
| 6 | 6 Japan | 3,552,800 | 2023 | -1.99% | -3.46% | View data |
| 7 | 7 Italy | 3,027,100 | 2023 | +1.85% | +2.42% | View data |
| 8 | 8 South Korea | 1,945,200 | 2023 | -0.75% | -0.38% | View data |
| 9 | 9 Belgium | 1,373,500 | 2023 | +4.48% | +5.13% | View data |
| 10 | 10 Canada | 1,314,400 | 2023 | +3.73% | +6.58% | View data |
