SMM Analysis: PV Glass Exports Surge in December 2024, Led by India

[SMM Analysis: Brief Analysis of PV Glass Export Data for December 2024]

In December 2024, China's PV glass export volume reached 288,900 mt, up 2.63% YoY and surged 28.51% MoM. The total export volume for 2024 was 3.5813 million mt, a slight increase of 1.15% YoY compared to 2023. Among these, India accounted for the largest trade volume in December, at 125,000 mt, a significant MoM increase of 59.64%. The sharp rise in India's demand in December was mainly due to the anticipated growth in end-use demand, leading to higher glass demand. Additionally, the expected increase in domestic glass prices prompted higher procurement volumes compared to earlier periods, driving up demand significantly. The US maintained its position as the second-largest trade partner, with a trade volume of 41,000 mt, up 10.51% MoM, marking three consecutive months of growth.