Slovenia: Hearing Aid Market 2020

Hearing Aid Market Size in Slovenia

The revenue of the hearing aid market in Slovenia amounted to $X in 2018, surging by X% against the previous year. Over the period under review, the total market indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hearing aid consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the hearing aid market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Hearing Aid Production in Slovenia

In value terms, hearing aid production amounted to $X in 2018 estimated in export prices. In general, hearing aid production continues to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2017 when production volume increased by X% year-to-year. Slovenia hearing aid production peaked at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Hearing Aid Exports

Exports from Slovenia

In 2018, the amount of hearing aids (excl. parts and accessories) exported from Slovenia amounted to X units, reducing by -X% against the previous year. In general, hearing aid exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, hearing aid exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, hearing aid exports amounted to $X in 2018. Over the period under review, hearing aid exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, hearing aid exports attained their maximum at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

Malaysia dominates hearing aid exports structure, amounting to X units, which was approx. X% of total exports in 2018. China (X units) followed a long way behind the leaders.

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. Malaysia (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, hearing aid exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Slovenia (-X% per year).

Export Prices by Country

In 2018, the hearing aid export price in Slovenia amounted to $X per unit, waning by -X% against the previous year. Overall, the hearing aid export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Slovenia export price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while Malaysia amounted to $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 Slovenia

In 2018, the amount of hearing aids (excl. parts and accessories) imported into Slovenia stood at X units, increasing by X% against the previous year. Overall, hearing aid imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, hearing aid imports reached their maximum at X units in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, hearing aid imports stood at $X in 2018. In general, the total imports indicated a conspicuous expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Slovenia imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units) was the key importer of hearing aids (excl. parts and accessories), constituting X% of total imports. It was distantly followed by Germany (X units), the UK (X units) and the Netherlands (X units), together comprising a X% share of total imports. 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) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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. ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) into Slovenia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. 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

In 2018, the hearing aid import price in Slovenia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the hearing aid import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, the import prices for hearing aids (excl. parts and accessories) attained their maximum 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