Netherlands: Hearing Aid Market 2022

Hearing Aid Market Size in the Netherlands

In 2021, after four years of growth, there was significant decline in the Dutch hearing aid market, when its value decreased by -68.4% to $X. Overall, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2020, and then declined dramatically in the following year.

Hearing Aid Production in the Netherlands

In value terms, hearing aid production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 95%. Hearing aid production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Hearing Aid Exports

Exports from the Netherlands

For the eighth year in a row, the Netherlands recorded growth in shipments abroad of hearing aids (excl. parts and accessories), which increased by 88% to X units in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 762% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, hearing aid exports soared to $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 480%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Sweden (X units) were the main destinations of hearing aid exports from the Netherlands, with a combined 53% share of total exports. These countries were followed by Belgium, Austria, Spain, Denmark, Italy, Colombia, Poland, Norway, South Africa and Vietnam, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +2,014.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) were the largest markets for hearing aid exported from the Netherlands worldwide, together comprising 55% of total exports. Austria, Italy, Norway, Spain, Sweden, Denmark, Poland, Vietnam, South Africa and Colombia lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, South Africa, with a CAGR of +1,577.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, shrinking by -8.5% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 27%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per unit), while the average price for exports to Colombia ($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 Austria (+7.6%), while the prices for the other major destinations experienced a decline.

Hearing Aid Imports

Imports into the Netherlands

Hearing aid imports into the Netherlands surged to X units in 2021, with an increase of 46% on 2020 figures. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, hearing aid imports soared to $X in 2021. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 102% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Vietnam (X units) and Poland (X units) were the main suppliers of hearing aid imports to the Netherlands, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +99.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Poland ($X) were the largest hearing aid suppliers to the Netherlands, with a combined 93% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +110.2%, saw the highest growth rate of the value of imports, 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, reducing by -9.9% against the previous year. In general, the import price showed a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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