Report Update Feb 1, 2025

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

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Iraq: Hearing Aid Market 2022

Hearing Aid Market Size in Iraq

The Iraqi hearing aid market surged to $X in 2021, growing by 61% 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, consumption, however, recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Hearing Aid Exports

Exports from Iraq

In 2021, approx. X units of hearing aids (excl. parts and accessories) were exported from Iraq; growing by 11% against the year before. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 125% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hearing aid exports shrank to $X in 2021. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 454%. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Germany (X units) was the main destination for hearing aid exports from Iraq, with a 80% share of total exports. Moreover, hearing aid exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +23.8%.

In value terms, the Netherlands ($X) and Germany ($X) were the largest markets for hearing aid exported from Iraq worldwide.

Germany, with a CAGR of +5.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, dropping by -10.4% against the previous year. In general, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 146%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-13.3%).

Hearing Aid Imports

Imports into Iraq

Hearing aid imports into Iraq surged to X units in 2021, picking up by 29% compared with 2020. Overall, imports, however, saw a sharp descent. The pace of growth was the most pronounced in 2013 when imports increased by 415% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, hearing aid imports soared to $X in 2021. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 593% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of hearing aid to Iraq, accounting for a 48% share of total imports. Moreover, hearing aid imports from the UK exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+25.7% per year) and China (-13.7% per year).

In value terms, the UK ($X) constituted the largest supplier of hearing aid to Iraq, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 1.8% share of total imports. It was followed by Germany, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.3% per year) and Germany (+6.1% per year).

Import Prices by Country

In 2021, the average hearing aid import price amounted to $X per unit, rising by 47% against the previous year. Overall, the import price showed a significant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 401% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

South Africa constituted the country with the largest volume of hearing aid consumption, accounting for 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?

China remains the largest hearing aid producing country worldwide, accounting for 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 Iraq?

In value terms, the UK constituted the largest supplier of hearing aid to Iraq, comprising 93% of total imports. The second position in the ranking was occupied by China, with a 1.5% share of total imports. It was followed by Germany, with a 1.2% share.

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

In value terms, the Netherlands and Germany were the largest markets for hearing aid exported from Iraq worldwide.

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

The average hearing aid export price stood at $90 per unit in 2021, surging by 20% against the previous year.

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

The average hearing aid import price stood at $145 per unit in 2021, with a decrease of -21.1% against the previous year.

This report provides an in-depth analysis of the hearing aid market in Iraq. 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:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024