Global demand grows for Taiwan's PV cells


Taiwan's PV cell shipments continued to increase in the first half of the year compared to the same period in 2012, with China representing the biggest market for manufacturers across the Taiwan Strait.

According to Taiwanese research group TrendForce, Taiwan's PV cell shipments rose 6.7% to 3.2 GW in the first half of 2013.

TrendForce's EnergyTrend division found that Taiwan's PV cell manufacturers benefitted from global factors such as Europe’s subsidy reductions and the anti-dumping and anti-subsidy trade policies in Europe and the U.S.

The shipment quantity of each manufacturer increased compared to that in the first half of 2012, according to the TrendForce report released on Tuesday. The total shipment quantity of Taiwan’s PV cells in the first six months of 2013 accounted for 16% of worldwide shipments, while the top three companies, Motech, Gintech and Neo Solar Power, represented 65% of Taiwan’s total shipment quantity this year.

Taiwan's PV cells are mainly exported to China, which accounted for a 40% share of Taiwanese cell sales, followed by Europe (17%), Japan (12%), the U.S. (6%) and South Korea (4%), according to EnergyTrend, which found increasing demand for Taiwanese cells among Chinese module manufacturers that have been impacted by European and American anti-dumping and countervailing policies.

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Nevertheless, the report points out that Taiwanese cell makers have been inclined to diversify their risk in order to avoid the high unpredictability in the market and remain independent of a single region or manufacturer.

The prospects for Taiwan’s PV cell manufacturers in the second half year appear optimistic. Although the impact of anti-dumping and countervailing duties on China was not as significant as expected, Chinese manufacturers are not likely to build factories overseas before any official decisions are made, according to EnergyTrend.

In addition, Taiwan's PV manufacturers and cells are highly regarded in the industry due in part to the advantage of offering potential induced degradation-free products, better efficiency concentration and superior product yield rates.

In addition, EnergyTrend predicts Taiwan will see the majority of global demand for cells from Japan, the U.S., Australia and the U.K. in the second half of the year and states that Taiwanese cell shipments can hit a record high and may breakeven as price and demand stabilize.

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