Kyrgyzstan: Commercial Refrigeration Equipment Market 2020

Commercial Refrigeration Equipment Market Size in Kyrgyzstan

The revenue of the commercial refrigeration equipment market in Kyrgyzstan amounted to $X in 2018, going up 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). Over the period under review, commercial refrigeration equipment consumption continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. In that year, the commercial refrigeration equipment market attained its peak level of $X. From 2017 to 2018, the growth of the commercial refrigeration equipment market remained at a somewhat lower figure.

Commercial Refrigeration Equipment Exports

Exports from Kyrgyzstan

Commercial refrigeration equipment exports from Kyrgyzstan totaled X units in 2018, coming down by -X% against the previous year. Over the period under review, commercial refrigeration equipment exports continue to indicate a deep decrease. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, commercial refrigeration equipment exports reached their maximum at X units in 2017, and then declined slightly in the following year.

In value terms, commercial refrigeration equipment exports stood at $X in 2018. Over the period under review, commercial refrigeration equipment exports continue to indicate a deep shrinkage. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. In that year, commercial refrigeration equipment exports attained their peak of $X. From 2009 to 2018, the growth of commercial refrigeration equipment exports remained at a lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Italy (X units), France (X units), Mexico (X units), the U.S. (X units), Singapore (X units) and Germany (X units) represented the major exporters of refrigerating and freezing equipment and heat pumps (except household type equipment), together constituting X% of total exports. South Korea (X units), Ireland (X units), Denmark (X units), Turkey (X units) and Belgium (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ireland (+X%), Singapore (+X%), France (+X%), Italy (+X%), South Korea (+X%), Belgium (+X%), Denmark (+X%), Mexico (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. Italy (+X p.p.), France (+X p.p.), Singapore (+X p.p.), China (+X p.p.), South Korea (+X p.p.), Mexico (+X p.p.) and Ireland (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S. 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 largest commercial refrigeration equipment markets from Kyrgyzstan were China ($X), Italy ($X) and the U.S. ($X), together comprising X% of total exports. These countries were followed by France, Germany, Mexico, Singapore, Ireland, Turkey, South Korea, Denmark, Belgium and Kyrgyzstan, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the commercial refrigeration equipment export price in Kyrgyzstan amounted to $X per unit, surging by X% against the previous year. Over the period under review, the commercial refrigeration equipment export price continues to indicate noticeable growth. The growth pace was the most rapid in 2018 when the export price increased by X% year-to-year. In that year, the export prices for refrigerating and freezing equipment and heat pumps (except household type equipment) reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Commercial Refrigeration Equipment Imports

Imports into Kyrgyzstan

In 2018, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) imported into Kyrgyzstan amounted to X units, going up by X% against the previous year. Over the period under review, commercial refrigeration equipment imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. In that year, commercial refrigeration equipment imports reached their peak of X units. From 2017 to 2018, the growth of commercial refrigeration equipment imports failed to regain its momentum.

In value terms, commercial refrigeration equipment imports amounted to $X in 2018. Over the period under review, commercial refrigeration equipment imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Kyrgyzstan imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units) and China (X units) were the major importers of refrigerating and freezing equipment and heat pumps (except household type equipment), together comprising X% of total imports. Russia (X units), Indonesia (X units), France (X units), Australia (X units), Mexico (X units), the UK (X units), the Philippines (X units), the United Arab Emirates (X units) and Turkey (X units) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to commercial refrigeration equipment imports into the U.S. stood at +X%. At the same time, Indonesia (+X%), Germany (+X%), Mexico (+X%) and France (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Philippines, Russia and Australia experienced a relatively flat trend pattern. By contrast, the UK (-X%), China (-X%), the United Arab Emirates (-X%) and Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Germany and Indonesia increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by China, the UK, Australia, Mexico, Russia, the United Arab Emirates, Turkey, the Philippines, Indonesia and Kyrgyzstan, which together accounted for a further X terms of the main importing countries, Kyrgyzstan recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the commercial refrigeration equipment import price in Kyrgyzstan amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the commercial refrigeration equipment import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the import prices for refrigerating and freezing equipment and heat pumps (except household type equipment) attained their peak figure at $X per unit in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform