Central Asia: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Central Asia

The Central Asian commercial refrigeration equipment market expanded rapidly to $X in 2021, surging by 11% against the previous year. In general, consumption posted a resilient expansion. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Commercial Refrigeration Equipment Production in Central Asia

In value terms, commercial refrigeration equipment production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 194%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Commercial Refrigeration Equipment Exports

Exports in Central Asia

In 2021, commercial refrigeration equipment exports in Central Asia surged to X units, increasing by 74% on the previous year's figure. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 239%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, commercial refrigeration equipment exports surged to $X in 2021. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 107% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan (X units), Kyrgyzstan (X units) and Uzbekistan (X units) represented roughly 99% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +68.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Kyrgyzstan ($X), Uzbekistan ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2021, together comprising 99% of total exports.

Uzbekistan, with a CAGR of +48.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, growing by 4.7% against the previous year. Over the period under review, the export price posted notable growth. The growth pace was the most rapid in 2015 when the export price increased by 144% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.3%), while the other leaders experienced a decline in the export price figures.

Commercial Refrigeration Equipment Imports

Imports in Central Asia

In 2021, overseas purchases of refrigerating and freezing equipment and heat pumps (except household type equipment) were finally on the rise to reach X units after two years of decline. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 134% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, commercial refrigeration equipment imports soared to $X in 2021. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 76%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) represented the main importers of refrigerating and freezing equipment and heat pumps (except household type equipment) in 2021, reaching approx. 35% and 34% of total imports, respectively. Turkmenistan (X units) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (5.1%). The following importers - Tajikistan (X units) and Kyrgyzstan (X units) - together made up 5.7% of total imports.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +17.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest commercial refrigeration equipment importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined 89% share of total imports. Mongolia, Tajikistan and Kyrgyzstan lagged somewhat behind, together accounting for a further 11%.

Among the main importing countries, Tajikistan, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, increasing by 12% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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