Report Update Feb 1, 2025

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

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Ukraine: Hearing Aid Market 2022

Hearing Aid Market Size in Ukraine

In 2021, the Ukrainian hearing aid market decreased by -49.7% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a resilient expansion. Hearing aid consumption peaked at $X in 2020, and then shrank sharply in the following year.

Hearing Aid Exports

Exports from Ukraine

In 2021, overseas shipments of hearing aids (excl. parts and accessories) were finally on the rise to reach X units after two years of decline. Overall, exports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 300%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, hearing aid exports skyrocketed to $X in 2021. In general, exports continue to indicate a strong expansion. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for hearing aid exports from Ukraine, with a 71% share of total exports. Moreover, hearing aid exports to France exceeded the volume sent to the second major destination, Poland (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +12.1%.

In value terms, France ($X) emerged as the key foreign market for hearing aid exports from Ukraine, comprising 91% of total exports. The second position in the ranking was taken by Poland ($X), with a 9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to France stood at +90.5%.

Export Prices by Country

In 2021, the average hearing aid export price amounted to $X per unit, jumping by 226% against the previous year. Overall, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Poland stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hearing Aid Imports

Imports into Ukraine

In 2021, supplies from abroad of hearing aids (excl. parts and accessories) decreased by -53% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 135% against the previous year. Imports peaked at X units in 2020, and then fell significantly in the following year.

In value terms, hearing aid imports shrank markedly to $X in 2021. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 97% against the previous year. Imports peaked at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, Australia (X units) constituted the largest supplier of hearing aid to Ukraine, with a 64% share of total imports. Moreover, hearing aid imports from Australia exceeded the figures recorded by the second-largest supplier, Singapore (X units), sevenfold. Denmark (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.3% per year) and Denmark (+1.8% per year).

In value terms, Australia ($X), Denmark ($X) and Singapore ($X) constituted the largest hearing aid suppliers to Ukraine, together accounting for 82% of total imports. These countries were followed by China, France, Sweden and Vietnam, which together accounted for a further 13%.

In terms of the main suppliers, Sweden, with a CAGR of +37.7%, recorded the highest rates of growth with regard to 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, with an increase of 16% against the previous year. In general, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+10.2%), 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, accounting for 36% of total volume. Moreover, hearing aid consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fourfold. China ranked third in terms of total consumption with a 7% share.

What are the largest producers of hearing aids (excl. parts and accessories) in the world?

China remains the largest hearing aid producing country worldwide, comprising approx. 41% of total volume. Moreover, hearing aid production in China exceeded the figures recorded by the second-largest producer, Poland, fivefold. The third position in this ranking was occupied by Indonesia, with a 5% share.

What are the leading suppliers of hearing aids (excl. parts and accessories) to Ukraine?

In value terms, Australia, Georgia and Denmark constituted the largest hearing aid suppliers to Ukraine, together accounting for 72% of total imports. Singapore, Austria, China and Hong Kong SAR lagged somewhat behind, together comprising a further 17%.

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

In value terms, Denmark remains the key foreign market for hearing aid exports from Ukraine, comprising 64% of total exports. The second position in the ranking was occupied by France, with a 30% share of total exports.

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

The average hearing aid export price stood at $230 per unit in 2021, picking up by 8.4% against the previous year.

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

In 2021, the average hearing aid import price amounted to $117 per unit, surging by 15% against the previous year.

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

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024