Kazakhstan: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Kazakhstan

In 2022, the Kazakh refrigerator or freezer market increased by 15% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +110.0% against 2019 indices. Refrigerator or freezer consumption peaked in 2022 and is expected to retain growth in the near future.

Refrigerator Or Freezer Exports

Exports from Kazakhstan

After two years of decline, overseas shipments of furniture designed to receive refrigerating or freezing equipment decreased by -12.4% to X units in 2022. Overall, exports continue to indicate a precipitous decline. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, refrigerator or freezer exports skyrocketed to $X in 2022. Over the period under review, exports faced a sharp curtailment. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X units) was the main destination for refrigerator or freezer exports from Kazakhstan, with a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Uzbekistan stood at -15.7%.

In value terms, Uzbekistan ($X) emerged as the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from Kazakhstan.

From 2014 to 2022, the average annual growth rate of value to Uzbekistan amounted to -3.9%.

Export Prices by Country

In 2022, the average refrigerator or freezer export price amounted to $X per unit, rising by 70% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2014 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to +13.9% per year.

Refrigerator Or Freezer Imports

Imports into Kazakhstan

In 2022, supplies from abroad of furniture designed to receive refrigerating or freezing equipment decreased by -4.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, refrigerator or freezer imports skyrocketed to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X units) was the main refrigerator or freezer supplier to Kazakhstan, accounting for a 95% share of total imports. Moreover, refrigerator or freezer imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+27.4% per year) and Poland (+40.5% per year).

In value terms, Russia ($X) constituted the largest supplier of furniture designed to receive refrigerating or freezing equipment to Kazakhstan, comprising 83% of total imports. The second position in the ranking was held by Turkey ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+46.0% per year) and Poland (+63.4% per year).

Import Prices by Country

The average refrigerator or freezer import price stood at $X per unit in 2022, rising by 31% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refrigerator or freezer import price increased by +110.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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