Africa: Hearing Aid Market 2024

Hearing Aid Market Size in Africa

The African hearing aid market totaled $X in 2023, surging by X% against the previous year. Overall, consumption posted resilient growth. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Hearing Aid Production in Africa

In value terms, hearing aid production rose significantly to $X in 2023 estimated in export price. The total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Hearing Aid Exports

Exports in Africa

Hearing aid exports contracted remarkably to X units in 2023, falling by X% against the year before. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, hearing aid exports rose notably to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, South Africa (X units) was the main exporter of hearing aids (excl. parts and accessories), creating X% of total exports. It was distantly followed by Morocco (X units), creating a X% share of total exports. Swaziland (X units), Namibia (X units) and Tunisia (X units) held a relatively small share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), Namibia (X%), Tunisia (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Morocco (X p.p.), Namibia (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Swaziland and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest hearing aid supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Swaziland ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In South Africa, hearing aid exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Swaziland (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced a decline in the export price figures.

Hearing Aid Imports

Imports in Africa

In 2023, hearing aid imports in Africa skyrocketed to X units, increasing by X% against 2022 figures. Total imports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, hearing aid imports expanded modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

In 2023, South Africa (X units) represented the main importer of hearing aids (excl. parts and accessories), mixing up X% of total imports. It was distantly followed by Egypt (X units), Morocco (X units) and Algeria (X units), together committing a X% share of total imports. The following importers - Tunisia (X units) and Namibia (X units) - each amounted to a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Namibia (X%), Morocco (X%), Egypt (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Algeria (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt and Algeria saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Egypt ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price saw a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform