Pakistan Becomes Asia’s Largest Market for Chinese Solar Modules – Startup Pakistan

Pakistan has emerged as the largest market in Asia for Chinese solar modules, importing 10,450 MW in the first half of 2024. This increase is part of a larger trend, as China exported a record 120,427 MW of solar capacity worldwide during the same period, driven by significant price reductions.

While the Netherlands remains the top individual market for Chinese solar exports, Europe’s share has seen a decline. In South Asia, India also experienced a significant rise in solar module imports from China.

Despite facing challenges in Europe and North America, China’s aggressive pricing strategy and robust export growth indicate a strong future for its solar industry. This surge in solar module imports reflects the growing demand for renewable energy in Pakistan and other countries, underscoring the importance of affordable solar solutions in meeting energy needs.

Overall, China’s position as a leading exporter of solar technology continues to strengthen, with Pakistan and India playing crucial roles in the expanding market for renewable energy.