How will the European solar panel market evolve in the second half of the year?

Sep 14, 2023

In recent days, reporters from China Securities Journal and local dealers in Europe have discussed issues such as high component inventory in the European solar panel market, declining component export data in July, and demand in the second half of the year.

Starting from the middle of 2022, the difference between export data and actual installed capacity data has always remained above45GW. Frankly speaking, even insiders have almost no one who can completely and logically deduce the market evolution that will follow.

solar panel manufacturer export data

Current market environment:

Regarding stocking up, on the one hand, there is indeed a shortage of goods in the market in 2022, and the prices of components are also higher, so manufacturers have begun to stock up in large quantities; on the other hand, some manufacturers have indeed overstocked in the first half of the year in order to collect export data.

overstocked components dropped 25%

Some dealers reported that at the beginning of 2023, there were not so many spot products in Germany, and the sales prices were very high. At that time, dealers who sold spot products made money. However, as more and more components are sold on the market, one company is clearing inventory. , all the players in the market were forced to follow. The spot price of components has been declining. In recent months, component prices havedropped by more than 25%.

full black solar panel in Europe market

Some dealers reported that in May, June, and July, they saw a sudden increase in components on the market, and the sales of their own components were very lukewarm. However, after August, they launched a big promotion (the price dropped significantly), and the order volume increased again. I am also taking a wait-and-see attitude to see how the market will evolve next.

How do you predict the evolution of the European solar panel market?

Please leave your professional and powerful judgment!

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