Central Asia: Hearing Aid Market 2024

Hearing Aid Market Size in Central Asia

The Central Asian hearing aid market surged to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate buoyant growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Hearing Aid Production in Central Asia

In value terms, hearing aid production soared to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Hearing Aid Exports

Exports in Central Asia

For the third consecutive year, Central Asia recorded growth in shipments abroad of hearing aids (excl. parts and accessories), which increased by X% to X units in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hearing aid exports soared to $X in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Uzbekistan (X units), making up a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of X% from 2012 to 2022. Uzbekistan experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) and Uzbekistan ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 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 Uzbekistan ($X per unit), while Kazakhstan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Hearing Aid Imports

Imports in Central Asia

In 2022, approx. X units of hearing aids (excl. parts and accessories) were imported in Central Asia; surging by X% on the year before. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, hearing aid imports soared to $X in 2022. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Kazakhstan was the largest importer of hearing aids (excl. parts and accessories) in Central Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Uzbekistan (X units) held the second position in the ranking, distantly followed by Mongolia (X units). All these countries together held approx. X% share of total imports. Kyrgyzstan (X units), Tajikistan (X units) and Turkmenistan (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 Kazakhstan stood at X%. At the same time, Tajikistan (X%), Uzbekistan (X%), Turkmenistan (X%), Mongolia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Uzbekistan (X p.p.) and Tajikistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (X p.p.), Kazakhstan (X p.p.) and Mongolia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Uzbekistan, 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

In 2022, the import price in Central Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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