Core Viewpoint - In the first half of 2025, China's photovoltaic product exports are projected to decline to $13.87 billion, a year-on-year decrease of 26.8%, influenced by global tariff policies, capacity migration, and market shifts [1][2]. Export Performance Summary - The export value of photovoltaic silicon wafers is $600 million, down 54.2% year-on-year, while the export volume is 2.94 billion pieces, up 5% [1][2]. - The export value of photovoltaic battery cells is $1.73 billion, an increase of 31.1% year-on-year, with an export volume of 44.4 GW, up 59.1% [1][2]. - The export value of photovoltaic modules is $11.54 billion, down 29.3% year-on-year, with an export volume of 120.5 GW, down 17.7% [1][2]. Market Analysis - Key markets for silicon wafer exports include Vietnam, India, Thailand, South Korea, and Indonesia, with exports to India increasing by 24.2% and to Indonesia surging nearly ninefold, while exports to Vietnam fell by 48.1% [3]. - Major markets for battery cell exports are India, Indonesia, Turkey, Laos, and Singapore, with significant year-on-year increases in exports to all but Turkey [3]. - The export market for modules has shifted from "increased volume, decreased price" to "decreased volume and price," affected by slowing global renewable energy demand and domestic policy changes [3]. Inverter and Equipment Export Performance - In the first half of 2025, inverter exports reached $4.26 billion, a year-on-year increase of 6.3%, with major markets including the Netherlands, Germany, India, Brazil, and Pakistan [4]. - The export value of photovoltaic production equipment was $1.26 billion, up 5.2% year-on-year, with rapid growth in exports to the U.S., Malaysia, and Singapore [4]. Industry Resilience and Future Outlook - The photovoltaic industry in China demonstrates resilience amid a complex international environment, with companies focusing on technological innovation, market diversification, and compliance management to overcome challenges [8]. - The industry is expected to achieve structural growth in the second half of 2025, driven by accelerating global energy transitions and emerging market demand, while remaining cautious of trade barriers and supply chain risks [9]. Recommendations for Companies - Companies are advised to dynamically allocate capacity and optimize compliance systems to enhance risk resilience against geopolitical policies [9]. - Expanding application scenarios and improving overall efficiency through innovative integration of solar, storage, and hydrogen technologies is recommended [9]. - Utilizing industry resources for rapid response to trade friction and enhancing collaboration with financial institutions and industry associations is crucial for sustainable development [9]. Recommendations for Industry Development - Strengthening policy regulations and establishing self-discipline mechanisms are essential for improving industry standards and reducing competition from subpar entities [10]. - Encouraging mergers and acquisitions to enhance resource integration and market competitiveness while reducing excessive competition is advised [11].
中国机电商会：上半年我国光伏产品出口额为138.7亿美元 电池片出口额同比大幅增长
智通财经网·2025-09-01 08:09