European market imports of Chinese components to maintain incremental

European market imports of Chinese components to maintain incremental

In January 2024, the European market imported about 6GW of PV modules from China, up 20% compared to December 2023; in February, about 8GW of PV modules were imported, up 33% compared to the same period in 2023, pulling in a total of 14GW in January and February 2024, a drop of nearly 18% compared to the same period in 2023, when the total amount of 17GW.

Earlier this year, the energy crisis was eased, from the current situation to observe, the first quarter of this year's imports will still exceed last year's 16.1GW in the fourth quarter, the overall market situation is still improving. Considering the end of last year to the beginning of this year, the Red Sea crisis has led to the increase of freight rate and the rise of shipping risk, and distributors have also taken goods in advance to cope with the market risk. According to statistics, component manufacturers own European warehouse inventory has fallen about 50%, and it is estimated that the end of last year's shipments of components have arrived in the first quarter of this year in the European market, March to April component manufacturers continue to shipments will be effective for the current European component inventory replenishment, so this year it should be for the off-season in the first quarter of the year to maintain a certain pulling stock momentum. In addition, the European market since the end of last year has improved the mouth TOPCon component-based, the market is expected to continue to improve in the P to N-type conversion period!

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