CIS: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in CIS

The CIS combined refrigerator-freezer market fell to $X in 2022, reducing by -9.5% against the previous year. In general, consumption saw a mild decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Combined Refrigerator-Freezer Production in CIS

In value terms, combined refrigerator-freezer production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2016 with an increase of 27% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Combined Refrigerator-Freezer Exports

Exports in CIS

In 2022, overseas shipments of combined refrigerators-freezers decreased by -4.6% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26%. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, combined refrigerator-freezer exports contracted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Russia (X units) represented the largest exporter of combined refrigerators-freezers, comprising 53% of total exports. It was distantly followed by Belarus (X units) and Uzbekistan (X units), together making up a 44% share of total exports. Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to combined refrigerator-freezer exports from Russia stood at +3.9%. At the same time, Uzbekistan (+67.1%) and Kazakhstan (+56.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +67.1% from 2012-2022. By contrast, Belarus (-5.9%) illustrated a downward trend over the same period. Uzbekistan (+17 p.p.), Russia (+11 p.p.) and Kazakhstan (+2 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -30.6% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest combined refrigerator-freezer supplier in the CIS, comprising 55% of total exports. The second position in the ranking was taken by Belarus ($X), with a 23% share of total exports. It was followed by Uzbekistan, with a 19% share.

In Russia, combined refrigerator-freezer exports expanded at an average annual rate of +3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-8.9% per year) and Uzbekistan (+87.6% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by -2.8% against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 (+12.2%), while the other leaders experienced mixed trends in the export price figures.

Combined Refrigerator-Freezer Imports

Imports in CIS

In 2022, after six years of growth, there was significant decline in supplies from abroad of combined refrigerators-freezers, when their volume decreased by -6.2% to X units. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 29%. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, combined refrigerator-freezer imports reduced to $X in 2022. Overall, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 27%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the major importer of combined refrigerators-freezers in the CIS, with the volume of imports accounting for X units, which was near 59% of total imports in 2022. Kazakhstan (X units) ranks second in terms of the total imports with a 16% share, followed by Uzbekistan (6.2%), Belarus (5%) and Azerbaijan (4.8%). The following importers - Moldova (X units) and Kyrgyzstan (X units) - each accounted for a 5.1% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of combined refrigerators-freezers. At the same time, Uzbekistan (+10.2%), Belarus (+3.1%), Kyrgyzstan (+2.6%) and Kazakhstan (+1.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +10.2% from 2012-2022. Moldova and Azerbaijan experienced a relatively flat trend pattern. Uzbekistan (+6.2 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -10.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported combined refrigerators-freezers in the CIS, comprising 55% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 19% share of total imports. It was followed by Belarus, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at -4.0%. In the other countries, the average annual rates were as follows: Kazakhstan (+1.3% per year) and Belarus (+1.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, with an increase of 1.7% against the previous year. Overall, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when the import price increased by 15% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Belarus ($X per unit), while Kyrgyzstan ($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 (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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