Uzbekistan: Refrigerator And Freezer Market 2024

Refrigerator And Freezer Market Size in Uzbekistan

After three years of growth, the Uzbek refrigerator and freezer market decreased by X% to $X in 2022. Overall, consumption, however, saw a strong increase. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank sharply in the following year.

Refrigerator And Freezer Production in Uzbekistan

In value terms, refrigerator and freezer production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Uzbekistan

For the fourth year in a row, Uzbekistan recorded growth in overseas shipments of refrigerators and freezers, which increased by X% to X units in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, refrigerator and freezer exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X units), Kazakhstan (X units) and Tajikistan (X units) were the main destinations of refrigerator and freezer exports from Uzbekistan, together comprising X% of total exports. Kyrgyzstan, Belarus, Turkmenistan and Azerbaijan lagged somewhat behind, together accounting for a further X%.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkmenistan (with a CAGR of X.9%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Tajikistan ($X) constituted the largest markets for refrigerator and freezer exported from Uzbekistan worldwide, together accounting for X% of total exports. Kyrgyzstan, Belarus, Turkmenistan and Azerbaijan lagged somewhat behind, together comprising a further X%.

Turkmenistan, with a CAGR of X.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator And Freezer Imports

Imports into Uzbekistan

In 2022, approx. X units of refrigerators and freezers were imported into Uzbekistan; therefore, remained relatively stable against the previous year's figure. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, refrigerator and freezer imports reduced to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Russia (X units), China (X units) and Belarus (X units) were the main suppliers of refrigerator and freezer imports to Uzbekistan, together accounting for X% of total imports.

From 2017 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of refrigerators and freezers to Uzbekistan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2017 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belarus (X% per year).

Import Prices by Country

The average refrigerator and freezer import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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