Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to the publisher's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
In March 2022, U.S. PV manufacturer AuxinSolar and others petitioned the U.S. Department of Commerce to take an anti-circumvention investigation of PV products from four Southeast Asian countries; the U.S. Department of Commerce subsequently conducted an investigation, and recently, the release of the preliminary findings of the investigation has been extended from August 2022 to November 2022. On July 1, 2022, the U.S. Department of Commerce published draft regulations implementing Notice No. 10414 and invited public comment.
On September 16, 2022, the U.S. government published a Final Rule implementing the Presidential Proclamation. The Final Rule was issued in response to a countervailing investigation filed by AuxinSolar in March 2022. The "Final Rule" confirms that imports of PV cells and modules from four Southeast Asian countries will be exempt from anti-dumping or countervailing duties from June 6, 2022 through June 6, 2024. Under this provision, no cash deposit will be charged on PV cells and modules exported from the four Southeast Asian countries until the deadline (June 6, 2024).
Final Rule requires installation of modules within 180 days of the cut-off date: To prevent stockpiling by downstream manufacturers, the Final Rule requires modules purchased before the cut-off date (June 6, 2024) to be used or installed in the U.S. by 180 days after the cut-off date. The Final Rule indicates that in the event of an affirmative determination of countervailing action, no antidumping or countervailing duties will be imposed on cells and modules that enter the United States or are withdrawn from storage for use in Southeast Asia prior to the cut-off date or before the use cut-off date.
The publisher expects Southeast Asia's PV module exports to the U.S. to see high growth in 2023-2024.
Overall, the PV cell industry in Southeast Asian countries has been developing in recent years, especially the rise of emerging markets such as Vietnam and Thailand, with rapid economic growth, which has driven the development of the PV cell industry.
According to the publisher's forecast, the PV cell industry in Southeast Asia will continue to grow in 2023-2032. On the one hand, the cheap labor and land cost attracts a large number of foreign investors to shift their production capacity to Southeast Asia, and the scale of foreign trade expands, promoting the development of its PV cell industry. On the other hand, economic growth in Southeast Asia and increased demand for domestic passenger and freight transport will also promote the development of the PV cell industry.
Topics covered:
- Southeast Asia Photovoltaic Cell Industry Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on Southeast Asia Photovoltaic Cell Industry?
- Which Companies are the Major Players in Southeast Asia Photovoltaic Cell Industry Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in Southeast Asia Photovoltaic Cell Industry
- What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Photovoltaic Cell Industry during 2023-2032?
- What is the Expected Revenue of Southeast Asia Photovoltaic Cell Industry during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in Southeast Asia Photovoltaic Cell Industry Market?
- Which Segment of Southeast Asia Photovoltaic Cell Industry is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing Southeast Asia Photovoltaic Cell Industry?
Table of Contents
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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