Taiwan’s solar energy sector has seen its business in Europe pick up since the EU earlier this month launched an anti-dumping investigation into Chinese exporters, market researcher TrendForce Corp (集邦科技) said in a report.
Amid fears over possible anti-dumping tariffs on Chinese solar energy products, European buyers are expected to transfer their orders from Chinese firms to suppliers in other countries such as Taiwan, TrendForce said.
Taiwanese firms may receive more orders in the fourth quarter of this year and in the first quarter of next year, but the market outlook for next year’s second quarter and beyond will depend on global demand, the EU initial ruling and Chinese firms’ business strategies, the report said.
The EU said it is scheduled to complete the investigation and issue a preliminary ruling on the anti-dumping case in nine months. The EU is expected to announce a final decision within six months of the initial ruling.
In reaction to the EU’s move, some Chinese importers have come up with measures such as lowering costs and planning to set up production bases in other countries, according to the report.
Some Chinese firms are considering Southeast Asia, Eastern Europe and the Americas as possible destinations for investment relocation, but Taiwan is not on their list of preferences, TrendForce said.
In May, the US imposed temporary anti-dumping tariffs of between 31 percent and 250 percent on Chinese solar cell imports in an initial ruling. The final ruling is expected in two months.