CIS: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in CIS

In 2022, the CIS non-combined refrigerator-freezer market decreased by -2.3% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption saw a slight curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Combined Refrigerator-Freezer Production in CIS

In value terms, non-combined refrigerator-freezer production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Combined Refrigerator-Freezer Exports

Exports in CIS

After two years of growth, shipments abroad of household refrigerators and freezers (not combined) decreased by -15.4% to X units in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, non-combined refrigerator-freezer exports contracted to $X in 2022. Overall, exports saw a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the key exporting country with an export of about X units, which resulted at 59% of total exports. Belarus (X units) held the second position in the ranking, distantly followed by Uzbekistan (X units) and Kazakhstan (X units). All these countries together held near 40% share of total exports.

Exports from Russia increased at an average annual rate of +4.0% from 2012 to 2022. At the same time, Kazakhstan (+55.4%) and Uzbekistan (+55.0%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +55.4% from 2012-2022. By contrast, Belarus (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Uzbekistan and Kazakhstan increased by +20, +11 and +7.8 percentage points, respectively.

In value terms, Russia ($X) remains the largest non-combined refrigerator-freezer supplier in the CIS, comprising 58% of total exports. The second position in the ranking was taken by Belarus ($X), with a 25% share of total exports. It was followed by Kazakhstan, with an 8.5% share.

In Russia, non-combined refrigerator-freezer exports increased at an average annual rate of +2.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-9.9% per year) and Kazakhstan (+51.5% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, rising by 3.4% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The growth pace was the most rapid in 2021 when the export price increased by 4.7%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Uzbekistan ($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 (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Non-Combined Refrigerator-Freezer Imports

Imports in CIS

In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by -6% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 28%. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, non-combined refrigerator-freezer imports dropped to $X in 2022. Overall, imports, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Russia (X units) was the key importer of household refrigerators and freezers (not combined), constituting 73% of total imports. It was distantly followed by Kazakhstan (X units), achieving a 14% share of total imports. Uzbekistan (X units), Kyrgyzstan (X units), Belarus (X units) and Azerbaijan (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-combined refrigerator-freezer imports into Russia stood at +7.2%. At the same time, Uzbekistan (+23.4%), Kazakhstan (+6.7%), Kyrgyzstan (+3.9%) and Azerbaijan (+2.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.4% from 2012-2022. By contrast, Belarus (-5.0%) illustrated a downward trend over the same period. While the share of Russia (+7.5 p.p.) and Uzbekistan (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported household refrigerators and freezers (not combined) in the CIS, comprising 65% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 21% share of total imports. It was followed by Azerbaijan, with a 4% share.

In Russia, non-combined refrigerator-freezer imports expanded at an average annual rate of +2.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+8.5% per year) and Azerbaijan (+4.8% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, reducing by -3.2% against the previous year. In general, the import price recorded a pronounced descent. The growth pace was the most rapid in 2021 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 ($X per unit), while Kyrgyzstan ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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