April PV Glass Export Data Analysis [SMM Analysis]

In April 2024, China's PV glass export volume was 274,200 mt, up 2.76% YoY and 7.69% MoM. Among them, Vietnam was the largest trade destination in April, with a volume of 80,900 mt, up 37.35% MoM. Additionally, India's demand increased in April, rising to the second position with a trade volume of 54,100 mt, up 48.22% MoM.

Vietnam remained the largest export destination for China in April, with an export volume of 80,900 mt, up 37.35% MoM. The top 5 export destinations in April were Vietnam, India, the US, Thailand, and Malaysia. The top countries remained unchanged, but the US demand returned to the third position in April, with India reclaiming the second position. Mexico dropped from the 6th to the 10th position, indicating weakened demand. South Korea, Indonesia, Taiwan, and Turkey ranked 6th, 7th, 8th, and 9th, respectively. The top 10 trade volumes accounted for 80.19% of the total exports, indicating a decrease in export concentration.

Compared to March data, export to Vietnam was 80,900 mt, up 37.35% MoM, accounting for 29.52% of the total export volume, a significant increase from March. Export to India increased to 54,100 mt, accounting for 19.73% of the total export volume, up 84.64% from March, rising to the second position. Export to the US was 22,600 mt, down 22.87% MoM, accounting for 8.24% of the total export volume. Export to Thailand was 18,300 mt, accounting for 6.69% of the total export volume. Export to Malaysia was 12,800 mt, slightly increased from March, accounting for 4.66% of the total export volume, ranking fifth in export trade. Export to Mexico was 4,900 mt, accounting for 1.79% of the total export volume, dropping from the sixth to the tenth position.