Production & Consumption
2025 Vanadium Production and Consumption Statistics
A summary of global annual vanadium production and consumption, highlighting long-term market trends from 2020 to 2025.
Source: Vanitec 2025 Production & Consumption Statistics report
This page provides a public-view summary of the annual total vanadium market. It includes only headline global totals for production and consumption, offering a simple overview of how the market has evolved in recent years. The data shows that global vanadium demand reached a new high in 2025, while production eased back from the 2024 peak.
Global annual vanadium production in 2025.
Global annual vanadium consumption in 2025.
Compared with the 2024 production peak of 129.1 kt.
Compared with 2024 total consumption of 118.9 kt.
Headline market trend
From 2020 to 2024, global vanadium production increased from 109.4 kt to 129.1 kt, before easing to 122.7 kt in 2025. Over the same period, annual total consumption rose from 103.1 kt in 2020 to 123.7 kt in 2025, reaching a new high.
This means that 2025 stands out as a year in which demand strengthened further while production moved lower than the previous year, resulting in a much tighter overall market balance.
Annual total vanadium consumption reached a record level in 2025, while annual total production remained strong but below the 2024 peak.
Annual total vanadium production and consumption
The table below shows the annual global totals only.
| Year | Total Production (t V) | Total Consumption (t V) |
|---|---|---|
| 2020 | 109,418 | 103,125 |
| 2021 | 115,677 | 120,375 |
| 2022 | 117,897 | 115,625 |
| 2023 | 126,655 | 118,150 |
| 2024 | 129,089 | 118,850 |
| 2025 | 122,736 | 123,725 |
Production refers to annual total vanadium production. Consumption refers to annual total vanadium consumption across 64 countries.
What the data shows
The annual totals show a clear rise in both supply and demand over the 2020–2025 period. Production rose strongly through 2024, while consumption rose more steadily and reached its highest level in 2025.
In 2025, total consumption slightly exceeded total production, underlining the tighter conditions in the global vanadium market.
At a glance
Highest production: 2024 at 129,089 t V
Highest consumption: 2025 at 123,725 t V
2025 balance: consumption marginally above production