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News Release from: Global Sources
Edited by the Electronicstalk Editorial
Team on 09 February 2007
Solar cell prices expected to rise
further
Two-thirds of China's solar panel manufacturers plan to raise export prices in 2007, according to Global Sources' "China sourcing report: solar panels".
Two-thirds of China's solar panel manufacturers plan to raise export prices in 2007, according to Global Sources' "China sourcing report: solar panels" "Solar cell prices, which have increased by about US $0.30 per watt in the past two years, are expected to rise further, driving the cost of solar panels higher", said Global Sources General Manager of Content Development, Michael Kleist
This article was originally published on Electronicstalk on 2 Nov 2005 at 8.00am (UK)
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"With margins at about 5% for many manufacturers, the market is expected to continue to be challenging in the months ahead".
Among surveyed solar panel manufacturers' top concerns and primary challenges for the next 12 months: 56% cited higher raw material costs; 20% said price competition; 14% cited design copying/piracy; and 10% said power and labour shortages.
"In order to increase profit margins, many manufacturers say they plan to increase capacity to gain economies of scale", said Kleist.
According to surveyed manufacturers: 22% plan to increase capacity by more than 50%; 20% expect increases of 20 to 50%; 50% plan increases of up to 20%; and 8% plan to maintain current capacity.
"One bright spot for China's exporters is the EU", said Kleist.
"Due to favourable legislation, which includes financial incentives encouraging the use of renewable energy, many manufacturers are targeting exports to this market".
Among surveyed manufacturers: 74% plan to focus on exporting to the EU; 20% plan to target exports to the USA; and 6% plan to focus on the Mideast/Africa and Asia.
The 101-page "China sourcing report: solar panels" provides proprietary market information from in-person factory visits to 17 manufacturers and interviews with 32 more suppliers.
It includes a product gallery featuring 100 of the most popular export models, with key specifications and full-colour pictures.
The report's surveys, price trends and supply forecasts help buyers make better-informed purchasing decisions.
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