According to the available data, the cumulative number of modules in 2023 will be 18871GW, with a total export value of 39337 million dollars. Compared with last year, the export volume increased by 19% year-on-year
As can be seen from the above figure, in March and August, the month-on-month growth rate of export volume and value increased significantly, and the largest increase in monthly export volume and value in March came to 485% and 40%. In most months, the volume of exports moves in line with the value of exports.
Analysis of the year-on-year growth rate shows that the year-on-year growth rate of export volume and value in most months is positive, and both export volume and value have experienced growth. The highest growth occurred in December, with a growth rate of 56 percent, followed by November and April, with a growth rate of 40 percent and 38 percent, respectively. The highest increase in value occurred in March, with a growth rate of 27%, and the same export volume is consistent with the change trend of value, indicating that the module price has not changed much and the unit price is very stable.
Looking at the chart below for module exports by continent in 2023, it is not difficult to see that the export regions are mainly concentrated in Europe, Asia, and South America. The three regions accounted for 90 per cent of the total, while Europe accounted for 51 per cent of the year's exports.
In terms of module exporters, the top three export countries in 2023 are the Netherlands, Brazil and India.
Among them, Brazil and India have achieved positive year-on-year growth, and the export volume of the Netherlands in 2023 has declined compared to 2022. The reason is that in order to facilitate the distribution of modules to Europe, most of the photovoltaic companies have built overseas warehouses in the Netherlands, which slowed down the growth rate of Dutch exports in the case of sufficient surplus in the port storage area, and the overall decline in exports to the Netherlands in the second half of the year.
Pakistan and Belgium have seen very impressive annual growth rates of 55 per cent and 134 per cent, respectively. Both Pakistan and Belgium have very significant solar energy resources, which, combined with favourable policies in recent years, have led to a significant increase in exports.
Saudi Arabia has an annual growth rate of 645%. Ranked 5th in the annual total. There has been a significant increase in the global demand for renewable energy solutions, including solar photovoltaic modules. Saudi Arabia is actively investing in renewable energy projects, leading to an increase in demand for PV modules in China. Recent bilateral agreements or favorable policies between China and Saudi Arabia may have contributed to the growth of exports.