Investment Project: Production of compressors for household appliances
The market for household air conditioners, refrigerators and freezers, where the compressor is an integral part, is one of the main sectors of the consumer goods market.
Currently, through the Uzeltexsanoat Association, work is underway to implement new investment projects aimed at mastering the production of household refrigerators with a design capacity of 1.0 million units, which will increase the demand for compressors for household appliances in the republic.
Advantages of project implementation:
Analysts estimate the global refrigeration and air conditioning compressor market was valued at 15.3 billion USD by the end of 2019. The long-term outlook for the global compressor market remains positive. The market value will increase by 4.1% CAGR during the forecast period (2019-2028).
The total volume of imports of compressors for household appliances in 2018 amounted to 709.4 thousand units. In monetary terms, this indicator was 27.6 million USD. In 2019, the volume of imports increased by 37%, reaching 974.4 thousand units in quantitative terms, and 38.9 million USD in monetary terms.
If necessary, assistance will be provided in the search and identification of local partners with production experience that are part of the Uzeltexsanoat Association.
Key investment indicators:
$27.8M Estimated project cost
5 years Payback period of the project
293 Number of new jobs created
The local market of Uzbekistan, as well as neighboring Central Asian and CIS countries, are considered as the main markets for products.