Uzbekistan: Commercial Refrigeration Equipment Market 2024

Commercial Refrigeration Equipment Market Size in Uzbekistan

After two years of decline, the Uzbek commercial refrigeration equipment market increased by 2.2% to $X in 2021. Overall, consumption continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Commercial Refrigeration Equipment Production in Uzbekistan

In value terms, commercial refrigeration equipment production fell sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 30%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Commercial Refrigeration Equipment Exports

Exports from Uzbekistan

In 2021, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported from Uzbekistan skyrocketed to X units, jumping by 175% on the year before. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 205%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, commercial refrigeration equipment exports soared to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2019 when exports increased by 129% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Kyrgyzstan (X units), Tajikistan (X units) and Ukraine (X units) were the main destinations of commercial refrigeration equipment exports from Uzbekistan, with a combined 93% share of total exports.

From 2013 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +133.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X), Tajikistan ($X) and Ukraine ($X) appeared to be the largest markets for commercial refrigeration equipment exported from Uzbekistan worldwide, with a combined 92% share of total exports. Russia, Turkmenistan, the Netherlands and Kazakhstan lagged somewhat behind, together comprising a further 5.1%.

Among the main countries of destination, the Netherlands, with a CAGR of +114.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average commercial refrigeration equipment export price stood at $X per unit in 2021, dropping by -18.1% against the previous year. Overall, the export price faced a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+125.9%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Refrigeration Equipment Imports

Imports into Uzbekistan

In 2021, supplies from abroad of refrigerating and freezing equipment and heat pumps (except household type equipment) decreased by -13.6% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, commercial refrigeration equipment imports expanded rapidly to $X in 2021. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 14%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest commercial refrigeration equipment supplier to Uzbekistan, accounting for a 51% share of total imports. Moreover, commercial refrigeration equipment imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Russia (X units), with a 6.8% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China totaled -18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-23.4% per year) and Russia (+12.2% per year).

In value terms, the largest commercial refrigeration equipment suppliers to Uzbekistan were China ($X), Turkey ($X) and Russia ($X), with a combined 73% share of total imports.

Russia, with a CAGR of +43.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average commercial refrigeration equipment import price amounted to $X per unit, surging by 32% against the previous year. Over the period under review, import price indicated a strong expansion from 2017 to 2021: its price increased at an average annual rate of +10.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, commercial refrigeration equipment import price increased by +49.5% against 2017 indices. As a result, import price reached 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 Russia ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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