Report Update Jan 1, 2025

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

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Bangladesh: Hearing Aid Market 2022

Hearing Aid Market Size in Bangladesh

After two years of growth, the Bangladeshi hearing aid market decreased by -30.4% to $X in 2021. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020, and then declined markedly in the following year.

Hearing Aid Exports

Exports from Bangladesh

Hearing aid exports from Bangladesh contracted to X units in 2021, reducing by -11.1% on 2020 figures. In general, exports showed a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 13%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hearing aid exports skyrocketed to $X in 2021. Overall, exports, however, showed a resilient increase. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Luxembourg (X units) was the main destination for hearing aid exports from Bangladesh, accounting for a 88% share of total exports. Moreover, hearing aid exports to Luxembourg exceeded the volume sent to the second major destination, Singapore (X units), sevenfold.

From 2015 to 2021, the average annual rate of growth in terms of volume to Luxembourg was relatively modest.

In value terms, Luxembourg ($X) emerged as the key foreign market for hearing aid exports from Bangladesh, comprising 99% of total exports. The second position in the ranking was held by Singapore ($X), with a 0.6% share of total exports.

From 2015 to 2021, the average annual growth rate of value to Luxembourg was relatively modest.

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, growing by 61% against the previous year. Over the period under review, the export price recorded a significant increase. The growth pace was the most rapid in 2019 when the average export price increased by 194% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Singapore stood at $X per unit.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-54.6%).

Hearing Aid Imports

Imports into Bangladesh

In 2021, supplies from abroad of hearing aids (excl. parts and accessories) decreased by -44.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2020 with an increase of 120%. As a result, imports attained the peak of X units, and then declined sharply in the following year.

In value terms, hearing aid imports declined dramatically to $X in 2021. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 108% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped significantly in the following year.

Imports by Country

India (X units), China (X units) and the United States (X units) were the main suppliers of hearing aid imports to Bangladesh, together comprising 61% of total imports. These countries were followed by Malaysia, Hong Kong SAR, the Netherlands and Switzerland, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +334.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hearing aid suppliers to Bangladesh were India ($X), Switzerland ($X) and the Netherlands ($X), together comprising 28% of total imports. These countries were followed by the United States, Malaysia, China and Hong Kong SAR, which together accounted for a further 11%.

Malaysia, with a CAGR of +189.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, with an increase of 48% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The import price peaked at $X per unit in 2014; however, from 2015 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 United States (-0.0%), while the prices for the other major suppliers experienced a decline.

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?

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 Bangladesh?

In value terms, Australia, Singapore and India were the largest hearing aid suppliers to Bangladesh, with a combined 74% share of total imports. These countries were followed by the Netherlands, the United States, China, Malaysia and Hong Kong SAR, which together accounted for a further 18%.

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

The average hearing aid export price stood at $186 per unit in 2021, shrinking by -21.5% against the previous year.

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

The average hearing aid import price stood at $83 per unit in 2021, waning by -16.8% against the previous year.

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

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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