China’s solar exports continued to expand in April to Africa and Southeast Asia despite market concerns about anticipated price increases following the end of certain export tax incentives.
According to Chinese customs data, shipments of solar cells and panels to African countries grew 83% year-on-year to reach 123,787 metric tons. Although the volume fell short of the peak recorded in March, the performance confirms that demand for renewable energy continues to accelerate in several emerging economies.
Likewise, Southeast Asia maintained a solid pace of purchases, with Chinese exports to the region increasing by 75% compared to the same period last year, reaching 170,733 tons in April. However, the volume also moderated compared to March as several importers brought forward purchases to avoid potential cost increases.
The end of tax refunds encourages solar exports
The surge observed in March was linked to China’s decision to end its export tax refund scheme on April 1. This move prompted advance purchases from international buyers seeking to secure supplies before a potential price increase in the photovoltaic market.
Despite this, international demand for solar panels proved strong enough to sustain export growth in April. The market continues to promote electrification projects, expansion of energy networks, and transitions to clean energy sources.
Africa accelerates its adoption of solar energy
South Africa remained one of the top African buyers of Chinese solar technology, with imports growing more than 81% in volume during April, reflecting the need to bolster the country’s electricity stability.
Meanwhile, the Democratic Republic of Congo stood out for registering one of the largest percentage increases. Purchases of solar panels and cells rose 482% to 17,953 metric tons.
This growth is particularly significant because the Democratic Republic of Congo has one of the lowest electrification rates in the world. The installation of photovoltaic infrastructure appears to be a viable alternative for expanding energy access in regions far from conventional grids.
Europe and the Philippines remain among the top destinations
The Netherlands maintained its position as the leading importer by volume thanks to its role as a logistics hub for Europe. Exports to the European country reached a value of $380.8 million, although the volume decreased slightly compared to the previous year.
Meanwhile, the Philippines became the second largest import market in terms of volume. Although purchases declined compared to March, the country maintained growth more than double that of April of last year.
The global solar market maintains strong demand
China’s total exports of solar cells and panels increased by 60% in units during April, while volume growth reached 4%. A slowdown in some regions, such as the Middle East and South Asia, limited further expansion.
Even so, the performance of the photovoltaic market confirms that global demand for renewable energy continues to grow. The combination of energy transition policies and electrification needs keeps China as the world’s leading supplier of solar technology.
Source: Reuters
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