France: Hearing Aid Market 2022

Hearing Aid Market Size in France

In 2021, the French hearing aid market increased by 61% to $X, rising for the sixth year in a row after two years of decline. In general, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hearing Aid Production in France

In value terms, hearing aid production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 22%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Hearing Aid Exports

Exports from France

In 2021, overseas shipments of hearing aids (excl. parts and accessories) decreased by -16.1% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 72% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hearing aid exports contracted rapidly to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for hearing aid exports from France, with a 53% share of total exports. Moreover, hearing aid exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+12.3% per year) and Germany (+22.6% per year).

In value terms, the largest markets for hearing aid exported from France were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 69% share of total exports.

Germany, with a CAGR of +27.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hearing aid export price stood at $X per unit in 2021, with a decrease of -1.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Denmark ($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 Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hearing Aid Imports

Imports into France

In 2021, overseas purchases of hearing aids (excl. parts and accessories) increased by 53% to X units, rising for the sixth consecutive year after three years of decline. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, hearing aid imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X units) constituted the largest supplier of hearing aid to France, with a 60% share of total imports. Moreover, hearing aid imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by the United States (X units), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +87.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+86.5% per year) and the United States (+16.2% per year).

In value terms, Poland ($X) constituted the largest supplier of hearing aid to France, comprising 52% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +81.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+82.8% per year) and the United States (+14.3% per year).

Import Prices by Country

In 2021, the average hearing aid import price amounted to $X per unit, falling by -6.2% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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