Austria: Hearing Aid Market 2022

Hearing Aid Market Size in Austria

The Austrian hearing aid market reduced markedly to $X in 2021, with a decrease of -17.8% against the previous year. In general, consumption, however, recorded a strong expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Hearing Aid Production in Austria

In value terms, hearing aid production reduced notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,266%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Hearing Aid Exports

Exports from Austria

For the third year in a row, Austria recorded growth in overseas shipments of hearing aids (excl. parts and accessories), which increased by 56% to X units in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, hearing aid exports surged to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X units), the Netherlands (X units) and Germany (X units) were the main destinations of hearing aid exports from Austria, with a combined 86% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +105.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Switzerland ($X) and Slovenia ($X) were the largest markets for hearing aid exported from Austria worldwide, with a combined 81% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +93.5%, 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

In 2021, the average hearing aid export price amounted to $X per unit, which is down by -4.1% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.9%), while the prices for the other major destinations experienced a decline.

Hearing Aid Imports

Imports into Austria

Hearing aid imports into Austria skyrocketed to X units in 2021, growing by 27% against the previous year's figure. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.7% against 2019 indices. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hearing aid imports surged to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), Germany (X units) and the UK (X units) were the main suppliers of hearing aid imports to Austria, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +150.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of hearing aid to Austria, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Poland, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +88.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Poland (+64.8% per year).

Import Prices by Country

The average hearing aid import price stood at $X per unit in 2021, with an increase of 12% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hearing aid import price increased by +79.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 47%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for the UK ($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 (+59.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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