Al Jameel General Trading Co Llcfull Export Customs

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    FAQs about Current photovoltaic module export market

    Does China still dominate the global solar PV module market?

    China continues its dominance of the global solar PV module market. Declining costs of PV module production have made solar installations more affordable globally. Source: abriendomundo/Shutterstock.com.

    What is Taiwan solar photovoltaic (PV) market outlook?

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    Which countries import PV modules from China?

    In December, China exported approximately 16.63GW of PV modules, a 9% increase compared with the 15.2GW in November. The ranking of countries importing PV modules from China was Brazil, the Netherlands, India, Saudi Arabia and Spain. The total monthly imports of these major countries accounted for about 42% of the global market.

    How many PV modules did China Export in 2023?

    Separately, market research firm InfoLink has also released an analysis report based on customs data, which pointed out that from January to December 2024, China exported a total of 235.93GW of PV modules, an increase of 13% compared to 207.99GW in the same period in 2023. Comparison of Chinese PV module exports in 2023 and 2024. Source InfoLink

    How much is the solar PV module market worth in 2023?

    According to GlobalData's Solar PV Modules and Inverters Market Trends and Analysis report, the global solar PV module market was valued at $102.76bn in 2023. The Asia-Pacific (APAC) region led the charge in 2023, registering $60.15bn.

    Which country exports the most PV modules in 2022?

    The European Union was the biggest destination for China's PV exports in 2022, buying nearly $23 billion worth of products, up 113 percent year-on-year. This is equivalent to about 84 GW of modules, more than half of China's total module exports in 2022.

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