Solar Panel Import Data of India 2017 – Solar Panel Importers in India

09 March 2018
Solar Panel Import Data

India both imports and exports solar panel (HS Code 85414011), but it more imports solar equipment than exports. The country’s imports of solar panel increased by 39% and exports dropped to 56% between 2016 and 2017. One of the major reasons for this scenario is that Chinese solar panels are 10-20% cheaper than domestically manufactured solar modules and no manufacturer wants to willingly pay more. The other reason is that India’s solar exports mostly go to some European countries including Britain, which is the largest importer of Indian solar equipment accounting for 31% of India’s solar exports, followed by Italy and Belgium. The European nations have an anti-dumping policy against Chinese manufacturers. In this article, India imports of solar panel are discussed with 2017 figures.


With a plan of Indian government plan to undermine its own grand plans for the country’s solar power industry by installing 100 gigawatts of solar capacity by 2022, the country’s Directorate General of Safeguards (DGS) has proposed a 70% safeguard duty on import solar panels. This move will protect the domestic solar power sector. The DGS proposal has come a month after 5 Indian solar panel manufacturers – Mundra Solar, Jupiter Solar, Indosolar, Websol Energy and Helios sought protection from rising imports of cheaper solar products. On the other side, the Indian Solar Manufacturers Association has filed a petition emphasising on this move to be taken back as these manufacturers produce nearly half the solar cells and modules in the country. Also, from time to time, Indian government take measures like regulating minimum import price of solar panels in order to protect domestic manufacturers.



Indian Import Market of Solar Panel – March Month Recorded Highest Shipments


India’s imports of solar panel increased to USD 3782 million in 2017 from 2016’s USD 2896. According to a report on solar imports to India, which is released by Export Genius, the country imported solar equipment maximum in the March month of 2017. And its imports of solar modules recorded lowest in July month. From January, India recorded rise in solar panel imports till June, except February when figures declined. In July, import value of solar panels fell down sharply to 3.68% from June’s 10.98%. From August, the import figures of solar panels started rising but at a very slow pace and reached to 9.16% in December. How India performed in solar panel imports during all months of 2017? Find out from the chart and table given below. 


 


Month

Value USD (%)

Value USD

January

9.37%

354531940

February

8.61%

325843242

March

16.16%

611350222

April

10.08%

381352744

May

8.24%

311731587

June

10.98%

415393301

July

3.68%

139306556

August

6.88%

260237854

September

6.74%

254893828

October

5.00%

189176873

November

5.08%

192267330

December

9.16%

346345453




Foreign Country-wise Analysis – India Imports Solar Panel Maximum from China


China is the largest exporter of solar panel to India, which accounted 87% share in value during 2017. India is importing solar panels from China in maximum quantity. The country imported solar equipment worth USD 3315 million from China in the given year. Malaysia stood at the 2nd position with more than 4% share in value. So, we can say that India is majorly depended on China to meet its demand of solar panels. A list of top 5 foreign countries of India’s solar panel imports is given below with their trade figures recorded in the year 2017.


 


Foreign Country

Value USD (%)

Value USD

China

87.67%

3315925573

Malaysia

4.65%

176007336

China (Re-Export)

2.72%

102853270

Taiwan

1.70%

64224050

Singapore

1.03%

39066340

 



Port-wise Analysis – Chennai Sea Received Highest Shipments of Solar Panel


Chennai Sea Port of India received the highest shipments of solar panel in 2017. It shared 30.98% value among total ports. Solar panel shipments worth USD 1171 million arrived at Chennai Sea Port. Krishnapatnam Sea Port and Nhava Sheva Sea Port stood at 2nd and 3rd largest Indian port, where maximum solar panel shipments arrived in the said year. Here is the list of top 5 Indian ports, which received the highest solar panel shipments in 2017.


 


Indian Port

Value USD (%)

Value USD

Chennai Sea

30.98%

1171772340

Krishnapatnam Sea

28.24%

1068185733

Nhava Sheva Sea

20.81%

786960202

Mundra Sea

5.02%

189915149

Bangalore Air

2.31%

87404086

 



List of Solar Panel Importers in India


Solairdirect stood as the largest Indian importer of solar panel in 2017. Our India import data of solar panel shows that the company shared 8.64% value to India’s total imports of solar panel. So, if you want to export solar panel to India, you can consider this Indian buyer of solar panel and others that are listed below for reference.

 

Indian Importers of Solar Panel

Value USD (%)

Solairedirect India Llp

8.64%

Wardha Solar Maharashtra Private Limited

3.30%

Parampujya Solar Energy Private Limited

2.78%

Clean Solar Power (Gulbarga) Private Limited

2.60%

Acme Cleantech Solutions Pvt  Ltd

2.27%



Do you want to import solar panels from China to India? Or do you want to supply solar panels from China to India? In both the cases, our report will help. How to import solar panels from China into India? Our report will give you contact details of Chinese suppliers of solar panels. Export Genius provides customs-based information in its solar panel import data of India. Look at the sample below to know data columns.


HS Code

85414011

Product Description

Solar Panel - 1956*992*40mm Poly Solar Panels

Quantity

532

Unit

NOS

Total Value (USD)

67057.53

Foreign Country

China

Date, Indian Importer Name of Solar Panel with Contact Details, Foreign Exporter Name of Solar Panel, Indian Port, etc.

 

*Available on Purchase Only

 


What You Gain from Our Report?


           ·         Monitor shipments of competitors by knowing details of solar panel importer in India.

           ·         Find active & authentic supplier of solar panel to expand business.

           ·         Explore new business opportunities in solar power sector.

           ·         Analyse the market of solar panel from price, quantity, etc.


Apart from India shipment data of solar panel, we also provide import export data of 60+ countries & multiple products and analysis report based on product keywords like brand, type, model, etc. of 20+ countries. 

To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.

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