Report Update Nov 1, 2024

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

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Portugal: Hearing Aid Market 2022

Hearing Aid Market Size in Portugal

The Portuguese hearing aid market surged to $X in 2021, with an increase of 39% 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). In general, consumption recorded a prominent expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Hearing Aid Exports

Exports from Portugal

In 2021, approx. X units of hearing aids (excl. parts and accessories) were exported from Portugal; rising by 1,030% compared with 2020. In general, exports, however, showed a slight setback. The growth pace was the most rapid in 2018 when exports increased by 3,251% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hearing aid exports surged to $X in 2021. Overall, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 3,407%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Philippines (X units), Cabo Verde (X units) and Gambia (X units) were the main destinations of hearing aid exports from Portugal, with a combined 95% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (with a CAGR of +62.0%), while the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X) remains the key foreign market for hearing aid exports from Portugal, comprising 81% of total exports. The second position in the ranking was taken by Angola ($X), with an 8.2% share of total exports. It was followed by Gambia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cabo Verde totaled +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+60.5% per year) and Gambia (0.0% per year).

Export Prices by Country

The average hearing aid export price stood at $X per unit in 2021, dropping by -58.7% against the previous year. Overall, the export price, however, saw a notable increase. The growth pace was the most rapid in 2013 when the average export price increased by 575%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cabo Verde ($X per unit), while the average price for exports to the Philippines ($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 Spain (+15.7%), while the prices for the other major destinations experienced a decline.

Hearing Aid Imports

Imports into Portugal

In 2021, the amount of hearing aids (excl. parts and accessories) imported into Portugal soared to X units, growing by 48% on 2020 figures. Overall, imports recorded a resilient expansion. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, hearing aid imports skyrocketed to $X in 2021. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Poland (X units), Spain (X units) and Denmark (X units) were the main suppliers of hearing aid imports to Portugal, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +72.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest hearing aid suppliers to Portugal were Poland ($X), Spain ($X) and Denmark ($X), with a combined 84% share of total imports.

Poland, with a CAGR of +55.5%, saw the highest rates of growth with regard to 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

The average hearing aid import price stood at $X per unit in 2021, declining by -6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2013 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.4%), 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?

The country with the largest volume of hearing aid consumption was South Africa, comprising approx. 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 Portugal?

In value terms, the largest hearing aid suppliers to Portugal were Poland, Spain and Germany, together comprising 82% of total imports.

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

In value terms, Cabo Verde remains the key foreign market for hearing aid exports from Portugal, comprising 81% of total exports. The second position in the ranking was occupied by Angola, with an 8.2% share of total exports. It was followed by Gambia, with a 4.9% share.

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

The average hearing aid export price stood at $166 per unit in 2021, falling by -21.3% against the previous year.

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

In 2021, the average hearing aid import price amounted to $183 per unit, falling by -2.9% against the previous year.

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

Portugal

Data coverage:

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