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Eastern Europe - Hearing Aids (Excl. Parts and Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEastern Europe: Hearing Aid Market 2022
Hearing Aid Market Size in Eastern Europe
In 2021, the East European hearing aid market increased by 21% to $X, rising for the sixth year in a row after two years of decline. The total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.0% against 2015 indices. 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 Production in Eastern Europe
In value terms, hearing aid production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 79%. As a result, production reached the peak level of $X, and then shrank significantly in the following year.
Hearing Aid Exports
Exports in Eastern Europe
In 2021, hearing aid exports in Eastern Europe surged to X units, growing by 271% against the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 880%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.
In value terms, hearing aid exports soared to $X in 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 414%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.
Exports by Country
In 2021, Poland (X units) was the main exporter of hearing aids (excl. parts and accessories) in Eastern Europe, generating 100% of total export.
Poland was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of +90.8% from 2012 to 2021. Poland (+14 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Poland ($X) also remains the largest hearing aid supplier in Eastern Europe.
From 2012 to 2021, the average annual rate of growth in terms of value in Poland stood at +56.3%.
Export Prices by Country
In 2021, the export price in Eastern Europe amounted to $X per unit, falling by -61.2% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2017 when the export price increased by 113% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Poland.
From 2012 to 2021, the rate of growth in terms of prices for Poland amounted to -18.1% per year.
Hearing Aid Imports
Imports in Eastern Europe
For the tenth year in a row, Eastern Europe recorded growth in supplies from abroad of hearing aids (excl. parts and accessories), which increased by 19% to X units in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 102% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.
In value terms, hearing aid imports surged to $X in 2021. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 51%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.
Imports by Country
Poland prevails in imports structure, resulting at X units, which was near 80% of total imports in 2021. It was distantly followed by Russia (X units), making up a 5% share of total imports. The Czech Republic (X units), Romania (X units), Ukraine (X units) and Hungary (X units) followed a long way behind the leaders.
Poland was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) imports, with a CAGR of +46.5% from 2012 to 2021. At the same time, Romania (+25.7%), Ukraine (+14.2%), the Czech Republic (+10.6%), Hungary (+9.2%) and Russia (+4.4%) displayed positive paces of growth. Poland (+55 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine, Hungary, the Czech Republic and Russia saw its share reduced by -5.1%, -5.8%, -10.7% and -27.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Poland ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) in Eastern Europe, comprising 71% of total imports. The second position in the ranking was taken by Russia ($X), with a 9.7% share of total imports. It was followed by the Czech Republic, with a 6.5% share.
In Poland, hearing aid imports expanded at an average annual rate of +31.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (-3.0% per year) and the Czech Republic (+5.4% per year).
Import Prices by Country
The import price in Eastern Europe stood at $X per unit in 2021, with an increase of 3.2% against the previous year. In general, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while Ukraine ($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 Czech Republic (-4.7%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the hearing aid market in Eastern Europe. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Eastern Europe, split by region and country
- Trade (exports and imports) in Eastern Europe
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Belarus
- Bulgaria
- Czech Republic
- Estonia
- Hungary
- Latvia
- Lithuania
- Moldova
- Poland
- Romania
- Russia
- Slovakia
- Ukraine
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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