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According to SEMIChina, the global photovoltaic (PV) market is expected to face an oversupply of around 20% in 2013. This forecast comes as the industry continues to experience significant shifts, especially in China, the world's largest PV supply chain. In 2013, Chinese companies are expected to intensify their efforts in mergers and acquisitions as a strategy to consolidate market positions amid growing competition.
SEMIChina reported that while the global production capacity for PV modules will grow, the growth rate is projected to drop by 13%. At the same time, shipments are expected to rise from 39 GW to 43 GW, representing a 10.25% increase compared to the previous year. However, this surge in supply is outpacing demand, leading to an oversupply situation. As a result, the average price of PV modules is likely to continue declining throughout the year.
In addition, the domestic output of polysilicon modules in China fell to approximately 34 GW in 2013, marking a year-on-year decrease of 24.44%. The overall PV module output was around 23 GW, down 8% from the previous year. These figures highlight the challenges faced by the industry, particularly in China, where overcapacity and falling prices are putting pressure on manufacturers.
Furthermore, SEMIPV Group released its third-quarter global PV market data, showing an order-to-ship ratio of 0.38. This means that for every $100 worth of products shipped, suppliers only received $38 in orders. This low ratio indicates weak demand and suggests that the market is still struggling with excess inventory.
Overall, 2013 is shaping up to be a challenging year for the PV industry, with oversupply, falling prices, and weak demand all contributing to a difficult business environment. Companies will need to adapt quickly to these changes in order to remain competitive in the evolving market.