China exported 235.93 GW of PV panels in 2024, an increase of 13% compared to the previous year. Of these, 94.4 GW were shipped to Europe, with a 7% decrease from 2023.
China exported 235.93 GW of PV modules in 2024, an increase of 13% compared to 207.99 GW in 2023, according to customs data from PV Infolink.
Worldwide module readings rose by 13% year after year, which exceeds the expectations of demand, with the exception of Europe, where shipments fell by 7%. Other regions saw strong growth. The Middle East increased by 99%, Africa rose by 43%, the Asia-Pacific region rose by 26%and America also rose by 10%.
Europe imported 94.4 GW of modules in 2024, against 101.48 GW in 2023. Exclusive the Netherlands, Europe’s largest shipping hub, Spain is second for the import of Chinese module, with 10.57 GW, a decrease of 10% years on Year of 11.75 GW in 2023, while the Netherlands led with a share of 40%.
Asia-Pacific imported a total of 68.11 GW of modules, an increase of 26% compared to 53.93 GW in 2023. Pakistan led the region, with 16.91 GW, an increase of 127% of 7.47 GW, Good for 25% of the region’s input. India followed closely with 16.73 GW, also good for almost 25%.
Cumulative shipments to America achieved 33.28 GW, an increase of 10% on an annual basis. Brazil led the region with 22.5 GW, an increase of 9% compared to 20.61 GW, accounting for 68% of the total input, followed by Chile with 2.48 GW or 7%.
Midden -East shipments amounted to 28.79 GW, an increase of 99% compared to 14.46 GW in 2023. Saudi Aarabia was responsible for the largest share of 16.55 GW, an increase of 115% compared to 7, 71 GW, which represents 58% of the import of the region, followed by the VAE at 16%, with 4.51 GW.
Africa imported 11.36 GW in 2024, an increase of 43% compared to 7.94 GW. South Africa led by 3.81 GW, a fall of 7% compared to 4.11 GW, accounting for 34% of the region’s import, followed by Morocco with 1.13 GW or 10%.
In 2025, the most important factors to view are the economic weakness of Europe, the urge of India for domestic production and the tariff adjustments of Brazil. Emergent markets in the middle -East, Southeast -Asia and Eastern Europe can continue to grow, with the global demand expected by 4% to 9%.
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