Africa: Hearing Aid Market 2024

Hearing Aid Market Size in Africa

In 2022, the African hearing aid market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hearing Aid Production in Africa

In value terms, hearing aid production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Hearing Aid Exports

Exports in Africa

In 2022, approx. X units of hearing aids (excl. parts and accessories) were exported in Africa; which is down by X% compared with the previous year. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, hearing aid exports rose significantly to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. The following exporters - Swaziland (X units), Morocco (X units) and Botswana (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to hearing aid exports from South Africa stood at X%. At the same time, Botswana (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Swaziland (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.) and Botswana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Swaziland (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Swaziland (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 2022, the amount of hearing aids (excl. parts and accessories) imported in Africa shrank modestly to X units, stabilizing at the previous year. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, hearing aid imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Africa was the largest importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Angola (X units), Algeria (X units), Egypt (X units) and Morocco (X units), together creating a X% share of total imports. Namibia (X units) and Tunisia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hearing aid imports into South Africa stood at X%. At the same time, Angola (X%), Namibia (X%), Morocco (X%), Tunisia (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. Angola (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria and Egypt saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Egypt ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Morocco, Angola, Tunisia and Namibia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Angola, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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