Uzbekistan: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Uzbekistan

In 2022, the Uzbek combined refrigerator-freezer market decreased by -35.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a slight increase. Combined refrigerator-freezer consumption peaked at $X in 2021, and then shrank sharply in the following year.

Combined Refrigerator-Freezer Production in Uzbekistan

In value terms, combined refrigerator-freezer production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 when the production volume increased by 77% against the previous year. Combined refrigerator-freezer production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Combined Refrigerator-Freezer Exports

Exports from Uzbekistan

In 2022, approx. X units of combined refrigerators-freezers were exported from Uzbekistan; with an increase of 76% against the previous year. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 202% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, combined refrigerator-freezer exports surged to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 312% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units), Kazakhstan (X units) and Tajikistan (X units) were the main destinations of combined refrigerator-freezer exports from Uzbekistan, with a combined 89% share of total exports.

From 2017 to 2022, the biggest increases were recorded for Russia (with a CAGR of +1,437.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Tajikistan ($X) appeared to be the largest markets for combined refrigerator-freezer exported from Uzbekistan worldwide, together comprising 90% of total exports.

Russia, with a CAGR of +1,467.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2022, dropping by -21.5% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 65%. As a result, the export price reached the peak level of $X per unit, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into Uzbekistan

Combined refrigerator-freezer imports into Uzbekistan contracted significantly to X units in 2022, dropping by -18.1% on the previous year. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 85% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, combined refrigerator-freezer imports reached $X in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 113% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Russia (X units) constituted the largest combined refrigerator-freezer supplier to Uzbekistan, with a 64% share of total imports. Moreover, combined refrigerator-freezer imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Belarus (X units), with a 9.2% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.7% per year) and Belarus (+46.1% per year).

In value terms, Russia ($X) constituted the largest supplier of combined refrigerators-freezers to Uzbekistan, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Belarus, with a 9.5% share.

From 2017 to 2022, the average annual growth rate of value from Russia totaled +46.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.8% per year) and Belarus (+69.9% per year).

Import Prices by Country

In 2022, the average combined refrigerator-freezer import price amounted to $X per unit, surging by 25% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2017 to 2022: its price increased at an average annual rate of +8.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, combined refrigerator-freezer import price increased by +57.6% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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