The global export of vanadium oxides and hydroxides highlights Brazil's dominant role with 12.73 million kilograms in 2024, followed closely by Russia and China. Brazil grew 6.75% from 2023, with noteworthy expansions also in Canada and India. Meanwhile, significant declines were observed in Spain, Switzerland, and Japan. The compound annual growth rate (CAGR) over the past five years shows dynamic growth for South Korea and Canada, indicating these markets are expanding more rapidly. Conversely, countries like the United States and Thailand are experiencing downturns in this field.
Looking forward, emerging markets like South Korea and India exhibit promising growth potential due to increasing industrial applications and strategic investments. However, geopolitical and environmental factors might influence Russian and Chinese export trajectories. Monitoring these trends and investment patterns will be crucial for understanding market shifts and opportunities.
Top countries in Export of Vanadium Oxides and Hydroxides by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 12,730,000 | 2023 | +5.49% | +6.75% | View data |
| 2 | 2 Russia | 9,399,400 | 2023 | +1.67% | +1.61% | View data |
| 3 | 3 China | 7,115,300 | 2023 | -0.68% | +0.59% | View data |
| 4 | 4 South Africa | 6,520,100 | 2023 | -0.15% | -1.09% | View data |
| 5 | 5 South Korea | 3,174,100 | 2023 | +4.13% | +6.8% | View data |
| 6 | 6 United States | 756,560 | 2023 | -0.73% | -4.19% | View data |
| 7 | 7 Thailand | 710,570 | 2023 | +1.29% | -2.82% | View data |
| 8 | 8 Netherlands | 150,090 | 2023 | -4.53% | -6.49% | View data |
| 9 | 9 Canada | 133,750 | 2023 | +6.24% | +16.34% | View data |
| 10 | 10 India | 48,440 | 2023 | +3.15% | +6.94% | View data |
