New figures from the Normal Administration of Customs of China present a gradual development in world photo voltaic module demand. Chinese language producers exported 14.85 GW of panels in January and 14.82 GW in February.
China’s module producers exported 29.67 GW of panels within the first two months of this yr, in accordance with new figures launched by China’s Normal Administration of Customs.
Whole exports for January amounted to 14.85 GW, with a 32% improve in comparison with December 2022 and a 55% improve in January 2022. In February, module exports reached 14.82 GW, with a slight lower in comparison with January and a 6% improve in comparison with February 2022. .
Europe imports 8.6 GW monthly, representing a rise of 120% and 48% respectively in comparison with the identical intervals a yr in the past. In 2022, Europe will import a complete of 86.6 GW of PV modules from China.
Within the Asia-Pacific market, China’s PV panel exports reached 2.5 GW and three.1 GW in January and February respectively, a lower of 13% and 47% in comparison with the identical months final yr.
The year-on-year decline is especially as a result of India, which in 2022 imported about 8.9 GW of PV modules from China, however 8.1 GW of which was imported within the first quarter earlier than the essential obligation of customs (BCD) tariff on imported tools tariff launched.
After the primary quarter of final yr, the demand for Chinese language modules in India decreased quickly, with a median month-to-month import of solely 88 MW. Nevertheless, India’s demand rebounded considerably in the beginning of 2023, with 395 MW imported from China in January and 643 MW in February.
Within the Americas, Brazil is the primary importing nation, accounting for 70% of the area’s complete imports.
The Center East noticed a rise of greater than 200% in PV module imports from China within the January-February interval, with the UAE and Saudi Arabia accounting for 62% of the overall market within the area. The supply of demand is especially primarily based on a number of massive utility-scale initiatives, and there may be nonetheless quite a lot of photo voltaic underneath development within the area.
In Africa, South Africa is the primary supply of demand, accounting for 61% of the area’s complete imports. Regardless of the low demand for Chinese language PV modules in Africa, South Africa imported a complete of 571 MW from China, thrice greater than in the identical interval final yr.
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