Core Insights - In June 2025, China exported approximately 21.7GW of photovoltaic (PV) modules, a month-on-month decrease of 3% and a year-on-year decrease of 2% compared to June 2024's 22.1GW [1] - The total PV module exports from China in the first half of this year reached about 127.3GW [1] - The top five countries importing from China accounted for approximately 34% of the global market [1] Regional Market Performance - The Asia-Pacific market saw a significant decline in demand, with a month-on-month drop of 19% in June, while Europe experienced a slight decrease of 2% [1] - The Middle East market grew by about 12%, and both the Americas and Africa markets saw a small increase of around 5% [1] - Compared to the same period last year, only the African market showed a significant growth of nearly 45% [1] European Market Details - In June 2025, China exported about 9.7GW of PV modules to Europe, a 2% decrease from May but a 4% increase from June 2024's 9.3GW [1] - Cumulatively, China exported approximately 50.5GW to Europe in the first half of the year, down 7% from last year's 54.2GW [1][2] Asia-Pacific Market Insights - In June 2025, China exported around 5.4GW of PV modules to the Asia-Pacific region, a 16% decrease from May and a 10% decrease from June 2024's 6GW [2] - The total exports to the Asia-Pacific market in the first half of the year were about 42.5GW, a 5% increase from last year's 40.5GW [2] Americas Market Overview - In June 2025, China exported approximately 2.03GW of PV modules to the Americas, a slight increase of 5% from May but a 30% decrease from June 2024's 2.9GW [3] - The total exports to the Americas in the first half of the year were about 14.15GW, down 16% from last year's 16.80GW [3] Middle East Market Performance - In June 2025, China exported about 3.05GW of PV modules to the Middle East, an 18% increase from May and a 9% increase from June 2024's 2.8GW [3] - The total exports to the Middle East in the first half of the year were approximately 12.91GW, a 17% decrease from last year's 15.60GW [3] African Market Growth - In June 2025, China exported around 1.47GW of PV modules to Africa, a 5% increase from May and a 34% increase from June 2024's 1.1GW [4] - The total exports to Africa in the first half of the year reached about 7.27GW, a 45% increase from last year's 5GW [4] Market Trends and Future Outlook - The overall trend indicates that while traditional markets are becoming saturated, manufacturers are increasingly developing emerging markets, particularly in Southeast Asia and Africa [5] - The third quarter may see adjustments in export tax policies, which could slightly raise component prices and influence procurement strategies [5]