Iran: Hearing Aid Market 2022

Hearing Aid Market Size in Iran

The Iranian hearing aid market soared to $X in 2021, surging by 20% 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). Over the period under review, consumption, however, continues to indicate a pronounced shrinkage. Hearing aid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hearing Aid Exports

Exports from Iran

After seven years of growth, overseas shipments of hearing aids (excl. parts and accessories) decreased by -13.8% to X units in 2021. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 167% against the previous year. The exports peaked at X units in 2020, and then declined in the following year.

In value terms, hearing aid exports shrank dramatically to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 101% against the previous year. The exports peaked at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Switzerland amounted to +46.6%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland totaled +63.5%.

Export Prices by Country

The average hearing aid export price stood at $X per unit in 2021, which is down by -13.1% against the previous year. In general, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 an increase of 101% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Iraq amounted to +62.2% per year.

Hearing Aid Imports

Imports into Iran

In 2021, the amount of hearing aids (excl. parts and accessories) imported into Iran was estimated at X units, increasing by 11% compared with the year before. In general, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 108% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hearing aid imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 71% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X units), the UK (X units) and Denmark (X units) were the main suppliers of hearing aid imports to Iran, with a combined 54% share of total imports. These countries were followed by Poland, Switzerland, China, the United States and Turkey, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Denmark ($X) and Singapore ($X) appeared to be the largest hearing aid suppliers to Iran, with a combined 65% share of total imports. These countries were followed by the UK, Poland, China, Turkey and the United States, which together accounted for a further 28%.

In terms of the main suppliers, China, with a CAGR of +28.9%, 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 average hearing aid import price stood at $X per unit in 2021, growing by 12% against the previous year. In general, the import price, however, showed a slight decline. The pace of growth appeared the most rapid in 2020 an increase of 25%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Poland (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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