20 Watt Portable Solar Panel Buying Guide
20 watt portable solar panel is the star product of Hives Power Technology Co., Ltd.. With Quality, Design, and Functions as guiding principles, it is manufactured from carefully selected materials. All indicators and processes of this product meet the requirements of national and international standards. 'It drives sales and has very substantial economic benefits,' one of our customers says.
Hives Power is one of the pioneers in the market now. Our products have helped win more recognition from customers for their durable performance. We always emphasize the importance of the influence of word-of-mouth and focus on the customer feedback, so that we can improve ourselves to do better. It turns out it is effective and we have gained more and more new customers.
Our employees bend themselves to provide whole-hearted service to our customers at Hives Power. We have broadened our service channels, such as the packaged design of the product, mass quantities supply, operation training, etc. Any other requirements and feedback from customers are warmly accepted and we strive to provide personalized service for customers.
July witnessed lackluster performance in European demand; however, indications point towards a reversal, with positive export figures projected for August. The export value to Europe in July reached 3.171 billion yuan, marking a 3.22% year-on-year decrease and a substantial 17.89% decline compared to the previous month. Notably, July emerged as the least productive export month in 2023, spanning a 13-month period from July 2022 to July 2023.
Several potential factors contribute to this scenario. Firstly, the persistent inventory issue within Europe has yet to find substantial resolution, necessitating more time for inventory consumption. Insights from the second-quarter performance reports of Enphase, Solaredge, and SMA provide valuable context. Secondly, the European summer vacation period, extending from July to September, might be influencing demand patterns. As the summer season begins in July, the demand typically seen during this month could have shifted earlier to June or potentially postponed to August. This trend is supported by export data from Germany in 2021 and 2022, revealing stronger demand in June and August compared to July. This pattern holds true for the broader European region. Therefore, an anticipated data recovery is expected for August.
Thirdly, the energy crisis resulting from the Russian-Ukrainian conflict in 2022 prompted a surge in European inverter demand in the latter part of that year. For example, the third quarter of 2022 witnessed inverter demand reaching 10.9 billion yuan, a remarkable 195% increase compared to demand in the first quarter of the same year. This sharply contrasts with 2021, where third-quarter demand was only 51% higher than the first quarter. However, the impact of the energy crisis in 2023 has diminished. The continued high import volume into Europe underscores the enduring nature of European demand rather than indicating a sharp decline.
The final influencing factor is pricing dynamics. Projections indicate that the full-year export volume of European inverters in 2023 will reach 50.5 billion yuan, representing a robust 48% year-on-year increase. Assuming that the export volume to Europe remains consistent with the same period in 2022 from August to December, this implies a steady year-on-year growth rate over the next five months. Consequently, it is anticipated that the total European export value for 2023 will reach around 50.5 billion yuan (29.47 billion yuan from January to July and an estimated 21.07 billion yuan from August to December). In comparison, the export value in 2022 was 34.2 billion yuan, highlighting a substantial year-on-year increase of 48% for 2023.
