Central Asia: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Central Asia

After six years of growth, the Central Asian refrigerator and freezer market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate temperate growth. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Refrigerator And Freezer Production in Central Asia

In value terms, refrigerator and freezer production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Refrigerator And Freezer Exports

Exports in Central Asia

For the ninth year in a row, Central Asia recorded growth in overseas shipments of refrigerators and freezers, which increased by X% to X units in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, refrigerator and freezer exports soared to $X in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Uzbekistan was the key exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Kazakhstan (X units), committing a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the refrigerators and freezers exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest refrigerator and freezer supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan stood at X%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Refrigerator And Freezer Imports

Imports in Central Asia

In 2022, after five years of growth, there was decline in overseas purchases of refrigerators and freezers, when their volume decreased by X% to X units. In general, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2021, and then reduced slightly in the following year.

In value terms, refrigerator and freezer imports reached $X in 2022. Over the period under review, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Kazakhstan (X units) represented the major importer of refrigerators and freezers, comprising X% of total imports. It was distantly followed by Uzbekistan (X units), Mongolia (X units), Tajikistan (X units), Kyrgyzstan (X units) and Turkmenistan (X units), together comprising a X% share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Tajikistan (X%), Mongolia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Turkmenistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, 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, Kazakhstan ($X) constitutes the largest market for imported refrigerators and freezers in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, 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 Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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