CIS: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in CIS

After two years of growth, the CIS refrigerator and freezer market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a mild setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Refrigerator And Freezer Production in CIS

In value terms, refrigerator and freezer production amounted to $X in 2022 estimated in export price. In general, production saw a pronounced descent. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refrigerator And Freezer Exports

Exports in CIS

After two years of growth, overseas shipments of refrigerators and freezers decreased by X% to X units in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, refrigerator and freezer exports contracted rapidly to $X in 2022. In general, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Belarus was the major exporting country with an export of around X units, which amounted to X% of total exports. Russia (X units) ranks second in terms of the total exports with a X% share, followed by Uzbekistan (X%). Kazakhstan (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 shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Russia ($X), Belarus ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a perceptible slump. The most prominent rate of growth was recorded 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 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Belarus ($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 mixed trends in the export price figures.

Refrigerator And Freezer Imports

Imports in CIS

After five years of growth, purchases abroad of refrigerators and freezers decreased by X% to X units in 2022. Total imports indicated a modest expansion from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2021, and then fell in the following year.

In value terms, refrigerator and freezer imports fell to $X in 2022. Over the period under review, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units) represented the major importer of refrigerators and freezers, committing X% of total imports. It was distantly followed by Kazakhstan (X units), Uzbekistan (X units) and Belarus (X units), together generating a X% share of total imports. Azerbaijan (X units), Tajikistan (X units) and Kyrgyzstan (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of refrigerators and freezers. At the same time, Uzbekistan (X%), Tajikistan (X%), Kazakhstan (X%), Kyrgyzstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Azerbaijan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported refrigerators and freezers in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Azerbaijan ($X per unit), while Uzbekistan ($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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