Foreign media: China's solar panel exports in March reached a record high, primarily driven by pre-emptive stockpiling in Southeast Asia and Africa. Monthly export volume reached 1.75 million tons (up 42.2% year-on-year, up 125% month-on-month), with a value of $3.61 billion (up 67% year-on-year), equivalent to 13.3% of the projected total export volume for 2025.
The drivers behind the surge include: the removal of export tax rebates in China starting April 1st, leading to expectations of price increases; concerns over energy supply disruptions due to potential war between the U.S. and Israel; and a decline in silver prices from their January historical peak, reducing production costs. Tariffs imposed by India and the U.S. on Chinese goods have redirected demand toward emerging markets—imports to Southeast Asia surged 267% year-on-year to $673.3 million, while African imports rose 238% year-on-year to $438.28 million; Philippines' import volume nearly quadrupled to 109.5 thousand tons ($228 million), and the Democratic Republic of Congo saw its imports soar from 1,352 tons to 21,370 tons ($62.73 million).
Analysts expect a significant drop in April exports, but full-year volumes may still see growth support due to high oil prices and ongoing energy security concerns.
Original article: toutiao.com/article/1863168773601288/
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