Report Update Nov 1, 2024

Algeria - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights

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Algeria: Hearing Aid Market 2022

Hearing Aid Market Size in Algeria

The Algerian hearing aid market skyrocketed to $X in 2021, increasing by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.9% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Hearing Aid Exports

Exports from Algeria

In 2021, overseas shipments of hearing aids (excl. parts and accessories) decreased by -10% to X units for the first time since 2015, thus ending a five-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 250%. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted in the following year.

In value terms, hearing aid exports fell sharply to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2016 with an increase of 417%. The exports peaked at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

France (X units) was the main destination for hearing aid exports from Algeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +27.7%.

In value terms, France ($X) also remains the key foreign market for hearing aid exports from Algeria.

From 2012 to 2021, the average annual growth rate of value to France stood at +33.0%.

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, with a decrease of -15.6% against the previous year. Over the period under review, the export price, however, recorded a notable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 258%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +4.2% per year.

Hearing Aid Imports

Imports into Algeria

Hearing aid imports into Algeria skyrocketed to X units in 2021, rising by 16% compared with the year before. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 115%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hearing aid imports skyrocketed to $X in 2021. Overall, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 74% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Austria (X units) constituted the largest hearing aid supplier to Algeria, accounting for a 43% share of total imports. Moreover, hearing aid imports from Austria exceeded the figures recorded by the second-largest supplier, Denmark (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria stood at +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+6.5% per year) and Germany (+13.2% per year).

In value terms, Austria ($X) constituted the largest supplier of hearing aid to Algeria, comprising 40% of total imports. The second position in the ranking was taken by Denmark ($X), with an 18% share of total imports. It was followed by Switzerland, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Austria totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+1.5% per year) and Switzerland (-3.2% per year).

Import Prices by Country

In 2021, the average hearing aid import price amounted to $X per unit, leveling off at the previous year. In general, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 56% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+77.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hearing aids (excl. parts and accessories) in the world?

South Africa remains the largest hearing aid consuming country worldwide, comprising approx. 36% of total volume. Moreover, hearing aid consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fourfold. China ranked third in terms of total consumption with a 7% share.

What are the largest producers of hearing aids (excl. parts and accessories) in the world?

The country with the largest volume of hearing aid production was China, comprising approx. 41% of total volume. Moreover, hearing aid production in China exceeded the figures recorded by the second-largest producer, Poland, fivefold. Indonesia ranked third in terms of total production with a 5% share.

What are the leading suppliers of hearing aids (excl. parts and accessories) to Algeria?

In value terms, Austria, France and Denmark were the largest hearing aid suppliers to Algeria, with a combined 69% share of total imports. These countries were followed by Switzerland, Germany, the Netherlands and China, which together accounted for a further 28%.

What are the leading importers of hearing aids (excl. parts and accessories) from Algeria?

In value terms, France remains the key foreign market for hearing aid exports from Algeria.

What is the average export price for hearing aids (excl. parts and accessories) in Algeria?

The average hearing aid export price stood at $296 per unit in 2021, declining by -22.2% against the previous year.

What is the average import price for hearing aids (excl. parts and accessories) in Algeria?

In 2021, the average hearing aid import price amounted to $316 per unit, growing by 18% against the previous year.

This report provides an in-depth analysis of the hearing aid market in Algeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)

Country coverage:

Algeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Algeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023