Report Update Nov 1, 2024

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

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Croatia: Hearing Aid Market 2022

Hearing Aid Market Size in Croatia

In 2021, after two years of decline, there was significant growth in the Croatian hearing aid market, when its value increased by 43% to $X. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Hearing Aid Production in Croatia

In value terms, hearing aid production surged to $X in 2021 estimated in export price. In general, production recorded a dramatic decrease. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hearing Aid Exports

Exports from Croatia

In 2021, hearing aid exports from Croatia stood at X units, approximately equating the previous year's figure. Over the period under review, exports posted modest growth. The most prominent rate of growth was recorded in 2020 with an increase of 104% 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 rose rapidly to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 66%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X units) was the main destination for hearing aid exports from Croatia, accounting for a 91% share of total exports. Moreover, hearing aid exports to Austria exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria amounted to +10.0%.

In value terms, Austria ($X) remains the key foreign market for hearing aid exports from Croatia, comprising 93% of total exports. The second position in the ranking was held by Switzerland ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Austria amounted to -1.6%.

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, surging by 11% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 13%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Switzerland totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+83.6%).

Hearing Aid Imports

Imports into Croatia

After two years of decline, purchases abroad of hearing aids (excl. parts and accessories) increased by 27% to X units in 2021. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hearing aid imports surged to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.8% against 2018 indices. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Montenegro (X units), Austria (X units) and Poland (X units) were the main suppliers of hearing aid imports to Croatia, together comprising 80% of total imports. These countries were followed by Germany, the Netherlands, Denmark and France, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +336.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Montenegro ($X), the Netherlands ($X) and Poland ($X) constituted the largest hearing aid suppliers to Croatia, together accounting for 67% of total imports.

The Netherlands, with a CAGR of +545.6%, recorded the highest growth rate of the value of imports, in terms of 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, picking up by 21% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Germany ($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 (+48.1%), 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. The third position in this ranking was occupied by China, 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 Croatia?

In value terms, the largest hearing aid suppliers to Croatia were Montenegro, the Netherlands and Poland, with a combined 67% share of total imports.

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

In value terms, Austria remains the key foreign market for hearing aid exports from Croatia, comprising 93% of total exports. The second position in the ranking was occupied by Switzerland, with a 6.5% share of total exports.

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

In 2021, the average hearing aid export price amounted to $117 per unit, which is down by -22% against the previous year.

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

In 2021, the average hearing aid import price amounted to $258 per unit, surging by 7.6% against the previous year.

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

Croatia

Data coverage:

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