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PV modules from Southeast Asia reportedly to see 10% price increase

Nuying Huang, Taipei; Adam Hwang, DIGITIMES Asia

Credit: DIGITIMES

Prices for PV modules imported to Taiwan from Thailand, Malaysia, Vietnam and Cambodia will reportedly rise by about 10%, according to industry sources.

The US Department of Commerce has been investigating China-based makers who allegedly have assembled PV modules in the four countries for exports to the US market to circumvent US anti-dumping tariffs imposed on China-made PV modules. Consequently, the US had frozen imports of PV modules from the four countries for five months, and PV module makers in the four countries had lowered prices for exports to markets other than the US, the sources indicated.

Taiwan imported PV modules worth US$42.25 million during January-May 2022, more than the cumulative total of US$31.76 million from 2017 to 2021, and a large portion came from Vietnam and Malaysia, the sources said.

However, US president Joe Biden in early June announced a 2-year exemption of customs duties on PV modules imported from the four countries in a bid to secure sufficient supply of PV modules to meet the domestic demand.

This is temporarily opening the door for imports of PV modules from the four countries, and consequently, PV module makers in the four countries are likely to hike prices to original levels, the sources said.

As a result of price hikes, Taiwan's imports of PV modules are expected to decrease, particularly beginning fourth-quarter 2022, the sources said.