Significant Hub Effect: Data from the Netherlands once again demonstrates that the entry of Chinese PV products into the European market heavily relies on its major ports and distribution channels.
Policy as a Decisive Factor: The sharp decline in the Indian market is the most typical case of trade policies directly impacting market demand. This also highlights highly concentrated risks.
Emergence of Emerging Markets: The strong growth in Saudi Arabia reflects the determination and purchasing power of Middle Eastern oil-producing countries in transitioning to new energy, making it one of the most important future incremental markets.
Market Volatility Divergence:
- Stable Markets: The Netherlands, Brazil, Spain, France, Australia, and Japan exhibit strong demand predictability.
- Volatile Markets: India and Pakistan are highly influenced by policies and large projects, posing significant risks.
- Highly Stable Prices: Across all TOP 10 countries, export unit prices remained stable at $0.09–0.10/W, reaffirming that global PV module prices and costs have entered a plateau period.
Trends and Outlook
- Europe: Data from the Netherlands indicates that demand remains strong and irreplaceable, and it will continue to be the cornerstone of China’s PV exports.
- Latin America: The Brazilian market is expected to maintain steady growth, leading regional demand.
- Middle East: Saudi Arabia and its neighboring countries (not in the TOP 10 but likely to experience rapid growth, such as the UAE) will become new growth drivers.
- Asia-Pacific: India’s policy movements require close attention. Meanwhile, Australia and Japan will provide sustained and stable demand.
Post time: Sep-19-2025