China’s leading photovoltaic enterprises terminated the European Union’s MIP agreement and built plants in Thailand, Vietnam and Malaysia or sought OEM cooperation so as to export to Europe without paying tax. The European Commission made an announcement on June 1 this year to confirm officially that Shanghai BYD Co., Ltd. and Yingli Solar Co., Ltd. (China) exited MIP. There has been 31 photovoltaic export enterprises chose to or were forced to exit the European Union’s MIP.

Market by export countries: India became China’s largest export market of photovoltaic modules, which accounted for 41.8% and grew substantially by 84%. The second to the fifth export markets are as follows (according to the proportion of export value): Japan (22.7%), Pakistan (4.8%), Australia (4.1%) and Brazil (3.6%). The Indian Market achieved 4.5-5 GW of installations in 2006, growing double YOY. It is estimated that its new installations will keep growing in 2017, being 8-9 GW, and it will become China’s largest photovoltaic export Market.

Reference:

Research Report on China Polysilicon Industry, 2017-2021

Export to emerging markets like India, Turkey, Chile and Pakistan significantly increased while that of occident traditional markets decline to below 30%.

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