Middle East: Hearing Aid Market 2024

Hearing Aid Market Size in the Middle East

After five years of growth, the Middle Eastern hearing aid market decreased by X% to $X in 2022. The total consumption indicated a pronounced increase 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 increased by X% against 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Hearing Aid Production in the Middle East

In value terms, hearing aid production reached $X in 2022 estimated in export price. The total output 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 pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Hearing Aid Exports

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in overseas shipments of hearing aids (excl. parts and accessories), which increased by X% to X units in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, hearing aid exports soared to $X in 2022. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Turkey (X units) represented the main exporter of hearing aids (excl. parts and accessories), creating X% of total exports. Israel (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Jordan (X%) and Saudi Arabia (X%).

From 2012 to 2022, average annual rates of growth with regard to hearing aid exports from Turkey stood at X%. At the same time, Saudi Arabia (X%), Israel (X%), the United Arab Emirates (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Israel (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Jordan, the United Arab Emirates and Turkey saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest hearing aid supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total exports. Jordan and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of 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 export price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Hearing Aid Imports

Imports in the Middle East

In 2022, approx. X units of hearing aids (excl. parts and accessories) were imported in the Middle East; with an increase of X% on 2021. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, hearing aid imports contracted to $X in 2022. Total imports indicated prominent 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Turkey (X units) and Israel (X units) were the major importers of hearing aids (excl. parts and accessories) in 2022, resulting at approx. X% and X% of total imports, respectively. The United Arab Emirates (X units) ranks next in terms of the total imports with a X% share, followed by Iran (X%) and Iraq (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Israel, with a CAGR of X%, recorded the highest growth rate of 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 the Middle East stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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