Recently, China's General Administration of Customs released the import and export data of photovoltaic modules in May 2024, which showed that the export amount of components continued to decline, but the export volume of components still maintained the growth trend, presenting a trend of "volume increase and price reduction".
Which countries import the most solar modules in 2024?
From January to December 2024, China exported 10.57 GW of modules to Spain, down 10% YoY from 11.75 GW, accounting for 11% of the Europe's total, while the Netherlands led with a 40% share. The Asia-Pacific imported 4.56 GW of modules from China in December 2024, down 10% MoM from 5.08 GW and down 30% YoY from 6.56 GW.
How many GW of solar modules did Africa Import in 2024?
Africa imported 1.31 GW of modules from China in December 2024, up 17% MoM from 1.12 GW and up 222% YoY from 0.41 GW. China exported 3.62 GW of modules to the Africa in 4Q24, up 164 % YoY from 1.37 GW. In 2024, cumulative shipments to the Middle East reached 11.36 GW, representing a 43% YoY increase from 7.94 GW.
How many GW of modules did China Export in December 2024?
China exported 16.63 GW of modules in December 2024, up 9% MoM from 15.2 GW and up 3% YoY from 16.18 GW, according to InfoLink's customs data. China exported 235.93 GW of modules from January to December 2024, up 13% YoY from 207.99 GW.
How will India's photovoltaic industry perform in 2024?
In January and February 2024, exports of photovoltaic cells to India amounted to 5.56GW, a 308% increase year-on-year, showing explosive growth as well; low module prices offset the tariffs, and installations are expected to resume growth.
The Asia-Pacific imported 4.56 GW of modules from China in December 2024, down 10% MoM from 5.08 GW and down 30% YoY from 6.56 GW. The Asia-Pacific imported 13.98 GW of Chinese modules in 4Q24, down 32% YoY from 20.54 GW. The region imported 68.11 GW of modules in total from January to December 2024, up 26% YoY from 53.93 GW.
How much did module exports increase in 2024?
Module exports increased by more than 30% year-on-year, indicating strong overseas demand. According to Gaixi Consulting, the cumulative export of module s in January and February 2024 was 36.95 GW, a year-on-year increase of 33.8% and a month-on-month increase of 20.8%.