Malta: Hearing Aid Market 2020

Hearing Aid Market Size in Malta

The revenue of the hearing aid market in Malta amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, hearing aid consumption, however, continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the hearing aid market attained its peak figure level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Hearing Aid Exports

Exports from Malta

In 2018, approx. X units of hearing aids (excl. parts and accessories) were exported from Malta; dropping by -X% against the previous year. In general, hearing aid exports, however, continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, hearing aid exports reached their peak figure at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, hearing aid exports totaled $X in 2018. Overall, hearing aid exports, however, continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Malta exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Malaysia prevails in hearing aid exports structure, recording X units, which was near X% of total exports in 2018. China (X units) took a little share of total exports.

Malaysia was also the fastest-growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of +X% from 2007 to 2018. At the same time, China (+X%) displayed positive paces of growth. From 2007 to 2018, the share of Malaysia and China increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hearing aid supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports.

In China, hearing aid exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Malta (-X% per year).

Export Prices by Country

In 2018, the hearing aid export price in Malta amounted to $X per unit, going down by -X% against the previous year. Overall, the hearing aid export price continues to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. In that year, the export prices for hearing aids (excl. parts and accessories) attained their peak level of $X per unit. From 2012 to 2018, the growth in terms of the export prices for hearing aids (excl. parts and accessories) remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while Malaysia stood at $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Hearing Aid Imports

Imports into Malta

Hearing aid imports into Malta totaled X units in 2018, approximately mirroring the previous year. In general, hearing aid imports continue to indicate a mild drop. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Malta imports peaked at X units in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

In value terms, hearing aid imports amounted to $X in 2018. Overall, hearing aid imports continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Malta imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. represented the main importing country with an import of about X units, which reached X% of total imports. Germany (X units) held the second position in the ranking, followed by the UK (X units) and the Netherlands (X units). All these countries together took approx. X% share of total imports. The following importers - Mexico (X units), Canada (X units), France (X units), Australia (X units), Japan (X units), India (X units), Switzerland (X units) and Poland (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to hearing aid imports into the U.S. stood at +X%. At the same time, Mexico (+X%), the Netherlands (+X%), India (+X%), Poland (+X%), Australia (+X%), Japan (+X%), France (+X%), Canada (+X%), the UK (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Switzerland (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), the Netherlands (+X p.p.), Mexico (+X p.p.), India (+X p.p.), the UK (+X p.p.), Poland (+X p.p.) and Australia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) into Malta, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., hearing aid imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

The hearing aid import price in Malta stood at $X per unit in 2018, waning by -X% against the previous year. Overall, the hearing aid import price continues to indicate a drastic drop. The growth pace was the most rapid in 2009 an increase of X% y-o-y. Over the period under review, the import prices for hearing aids (excl. parts and accessories) attained their peak figure at $X per unit in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Switzerland, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform