Central Asia: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Central Asia

In 2023, the Central Asian commercial refrigeration equipment market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption posted a strong increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Commercial Refrigeration Equipment Production in Central Asia

In value terms, commercial refrigeration equipment production amounted to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Commercial Refrigeration Equipment Exports

Exports in Central Asia

After two years of growth, shipments abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by X% to X units in 2023. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, commercial refrigeration equipment exports expanded significantly to $X in 2023. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

Uzbekistan was the key exporting country with an export of around X units, which recorded X% of total exports. Kazakhstan (X units) held the second position in the ranking, distantly followed by Tajikistan (X units) and Kyrgyzstan (X units). All these countries together held near X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to commercial refrigeration equipment exports from Uzbekistan stood at X%. At the same time, Tajikistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. Kyrgyzstan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Uzbekistan and Tajikistan increased by X and X percentage points, respectively.

In value terms, Uzbekistan ($X) remains the largest commercial refrigeration equipment supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

In Uzbekistan, commercial refrigeration equipment exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Commercial Refrigeration Equipment Imports

Imports in Central Asia

In 2023, supplies from abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, commercial refrigeration equipment imports reached $X in 2023. Over the period under review, imports posted a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

Uzbekistan represented the largest importer of refrigerating and freezing equipment and heat pumps (except household type equipment) in Central Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2023. Kazakhstan (X units) held the second position in the ranking, followed by Turkmenistan (X units) and Mongolia (X units). All these countries together held near X% share of total imports. The following importers - Kyrgyzstan (X units) and Tajikistan (X units) - each recorded a X% share of total imports.

Uzbekistan was also the fastest-growing in terms of the refrigerating and freezing equipment and heat pumps (except household type equipment) imports, with a CAGR of X% from 2012 to 2023. At the same time, Tajikistan (X%), Turkmenistan (X%), Kyrgyzstan (X%) and Mongolia (X%) displayed positive paces of growth. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Turkmenistan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kyrgyzstan ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform