Germany: Hearing Aid Market 2022

Hearing Aid Market Size in Germany

The German hearing aid market soared to $X in 2021, with an increase of 16% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hearing Aid Production in Germany

In value terms, hearing aid production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced modestly in the following year.

Hearing Aid Exports

Exports from Germany

After five years of decline, shipments abroad of hearing aids (excl. parts and accessories) increased by 31% to X units in 2021. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 101%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hearing aid exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units), the United States (X units) and Austria (X units) were the main destinations of hearing aid exports from Germany, together comprising 45% of total exports. The Netherlands, Switzerland, the UK, Jordan, Algeria, Mexico, Argentina, Chile, South Africa and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of +42.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for hearing aid exports from Germany, comprising 40% of total exports. The second position in the ranking was taken by Austria ($X), with a 16% share of total exports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-4.9% per year) and the United States (-12.4% per year).

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, rising by 2.6% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of 18%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to France ($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 Italy (+1.0%), while the prices for the other major destinations experienced a decline.

Hearing Aid Imports

Imports into Germany

In 2021, approx. X units of hearing aids (excl. parts and accessories) were imported into Germany; with an increase of 28% against the previous year's figure. Over the period under review, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2015 with an increase of 43%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hearing aid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X units), Mexico (X units) and the UK (X units) were the main suppliers of hearing aid imports to Germany, together comprising 75% of total imports. The Netherlands, France, Spain, China, Denmark, Singapore, the United States and Switzerland lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +204.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and France ($X) appeared to be the largest hearing aid suppliers to Germany, together comprising 86% of total imports. These countries were followed by Mexico, the UK, China, Spain, Denmark, Singapore, the United States and Switzerland, which together accounted for a further 14%.

Spain, with a CAGR of +177.6%, saw the highest growth rate of 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

In 2021, the average hearing aid import price amounted to $X per unit, declining by -7.3% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% 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 +81.2% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 68%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Mexico ($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 (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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