The global export of ferro-vanadium shows China as the leader, followed by the Czech Republic and South Korea. Smaller European countries, along with the United States and Canada, contribute moderate amounts. Notably, Canada's growth surpasses others with an 11.1% increase last year, while fluctuations vary across countries—Italy and Japan exhibit growth, and South Africa and Russia show declines. Chile and Bulgaria have made significant surges, though starting from smaller bases.
Looking ahead, the market will likely be influenced by technological advancements in steel production and shifts in demand for lightweight, high-strength alloys. Sustainability practices may drive changes in supplier dynamics and trade patterns.
Top countries in Export of Ferro-Vanadium by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 366,470,000 | 2023 | +4.81% | +0.93% | View data |
| 2 | 2 Czech Republic | 319,330,000 | 2023 | +4.99% | +2.32% | View data |
| 3 | 3 South Korea | 151,250,000 | 2023 | +4.66% | +1.45% | View data |
| 4 | 4 South Africa | 122,880,000 | 2023 | -0.66% | -4.95% | View data |
| 5 | 5 Netherlands | 80,412,000 | 2023 | +3.15% | -0.43% | View data |
| 6 | 6 Belgium | 73,436,000 | 2023 | +6.26% | +2.51% | View data |
| 7 | 7 Canada | 72,278,000 | 2023 | +5.6% | +11.1% | View data |
| 8 | 8 United States | 59,111,000 | 2023 | +5.1% | +1.16% | View data |
| 9 | 9 Slovakia | 38,074,000 | 2023 | +6.64% | +1.08% | View data |
| 10 | 10 Germany | 36,418,000 | 2023 | +4.6% | +1.44% | View data |
