Central Asia: Hvac Equipment Market 2024

Hvac Equipment Market Size in Central Asia

The Central Asian HVAC equipment market rose markedly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Hvac Equipment Production in Central Asia

In value terms, HVAC equipment production declined modestly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hvac Equipment Exports

Exports in Central Asia

In 2022, overseas shipments of HVAC equipment increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, HVAC equipment exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Kyrgyzstan (X units), together accounting for X% of total export.

Kyrgyzstan was also the fastest-growing in terms of the HVAC equipment exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Kyrgyzstan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) also remains the largest HVAC equipment supplier in Central Asia.

In Kyrgyzstan, HVAC equipment exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to X% per year.

Hvac Equipment Imports

Imports in Central Asia

In 2022, overseas purchases of HVAC equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, HVAC equipment imports skyrocketed to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan (X units) and Kazakhstan (X units) represented roughly X% of total imports in 2022. Kyrgyzstan (X units) held the next position in the ranking, distantly followed by Tajikistan (X units). All these countries together took approx. X% share of total imports. Turkmenistan (X units) and Mongolia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported HVAC equipment in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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