Kyrgyzstan: Home Appliance Market 2020

Home Appliance Market Size in Kyrgyzstan

The revenue of the home appliance market in Kyrgyzstan amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, home appliance consumption continues to indicate a drastic slump. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. In that year, the home appliance market attained its peak level of $X. From 2014 to 2018, the growth of the home appliance market remained at a lower figure.

Home Appliance Exports

Exports from Kyrgyzstan

In 2018, approx. X tons of domestic, non-electric, cooking or heating appliances were exported from Kyrgyzstan; rising by X% against the previous year. Over the period under review, home appliance exports, however, continue to indicate a dramatic drop. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, home appliance exports attained their peak figure at X tons in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, home appliance exports amounted to $X in 2018. In general, home appliance exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. In that year, home appliance exports reached their peak of $X. From 2013 to 2018, the growth of home appliance exports failed to regain its momentum.

Exports by Country

China prevails in home appliance exports structure, finishing at X tons, which was approx. X% of total exports in 2018. Turkey (X tons) occupied the second position in the ranking, followed by Mexico (X tons) and the U.S. (X tons). All these countries together occupied near X% share of total exports. The following exporters - Italy (X tons), Belarus (X tons), Germany (X tons) and Ecuador (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The U.S., Belarus and Germany experienced a relatively flat trend pattern. By contrast, Ecuador (-X%) and Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.), Mexico (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest home appliance supplier from Kyrgyzstan, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Italy (-X% per year).

Export Prices by Country

The home appliance export price in Kyrgyzstan stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the home appliance export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2009 an increase of X% y-o-y. Kyrgyzstan export price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Home Appliance Imports

Imports into Kyrgyzstan

In 2018, approx. X tons of domestic, non-electric, cooking or heating appliances were imported into Kyrgyzstan; dropping by -X% against the previous year. Over the period under review, home appliance imports continue to indicate a deep decline. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. In that year, home appliance imports reached their peak of X tons. From 2014 to 2018, the growth of home appliance imports remained at a lower figure.

In value terms, home appliance imports stood at $X in 2018. Overall, home appliance imports continue to indicate an abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. In that year, home appliance imports reached their peak of $X. From 2014 to 2018, the growth of home appliance imports remained at a lower figure.

Imports by Country

The U.S. represented the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Germany (X tons), creating a X% share of total imports. The UK (X tons), France (X tons), Canada (X tons), the Netherlands (X tons), Russia (X tons), Algeria (X tons), Australia (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of domestic, non-electric, cooking or heating appliances imports. At the same time, Algeria (+X%), Germany (+X%), the Netherlands (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, the UK and Russia experienced a relatively flat trend pattern. By contrast, Canada (-X%) and Australia (-X%) illustrated a downward trend over the same period. Germany (+X p.p.) and Algeria (+X p.p.) significantly strengthened its position in terms of the global imports, while Australia saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported domestic, non-electric, cooking or heating appliances into Kyrgyzstan, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the home appliance import price in Kyrgyzstan amounted to $X per ton, increasing by X% against the previous year. In general, the import price indicated a resilient increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, home appliance import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Kyrgyzstan import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform