Big Drop in Solar Panel Imports in Pakistan

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Increased Solar Panel Installations

Due to the dramatic drop in solar panel prices, domestic, commercial and industrial customers had been rapidly installing panels. However, market experts now predict that prices may stabilize or even rise due to reduced import volumes.

Solar Panel Imports in Pakistan

Recent Price Trends and Import Decline

Solar module prices have surged recently despite the shift toward renewable energy. Pakistans solar panel imports fell sharply to 1,010 MW in September 2024, marking a 63% drop from 2,762 MW in April. This downward trend continued in August, with imports at 1,121 MW.

Causes of Reduced Imports

The sharp drop in imports is attributed to shipment delays and other logistical challenges. The current stock of solar panels largely comes from leftover inventory from previous months.

Supply Chain Challenges and Potential Price Increases

While prices are not expected to rise immediately, ongoing supply chain issues suggest the possibility of price hikes as inventory levels shrink. Market insiders warn that current supply might only last for the next few months, especially if demand spikes or shipments face further delays.

Big Drop in Solar Panel Imports in Pakistan

Consumer Advisory: Act Now

Industry experts advise potential buyers to invest in solar panels now, as prices have stabilized after reaching historic lows. Waiting for further price drops may lead to more expensive or delayed purchases due to inventory depletion and reduced supply.

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