Australia - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Australia - 2023
Contents:
- Hearing Aid Price in Australia (CIF) - 2023
- Hearing Aid Price in Australia (FOB) - 2022
- Hearing Aid Imports in Australia
- Hearing Aid Exports in Australia
Hearing Aid Price in Australia (CIF) - 2023
The average hearing aid import price stood at $76.2 per unit in August 2023, falling by -12.6% against the previous month. Overall, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in March 2023 an increase of 49% m-o-m. Over the period under review, average import prices reached the maximum at $106 per unit in November 2022; however, from December 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($214 per unit), while the price for Denmark ($28.0 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in Australia (FOB) - 2022
The average hearing aid export price stood at $345 per unit in 2022, picking up by 23% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 85% against the previous year. As a result, the export price reached the peak level of $1,566 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($7,093 per unit), while the average price for exports to Poland ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Hearing Aid Imports in Australia
After three years of growth, overseas purchases of hearing aids (excl. parts and accessories) decreased by -1.1% to 1.1M units in 2022. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 7.3%. As a result, imports attained the peak of 1.1M units, and then shrank modestly in the following year.
In value terms, hearing aid imports fell to $90M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 10%. Over the period under review, imports reached the peak figure at $102M in 2021, and then contracted in the following year.
| Import of Hearing Aid in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.6 | 15.1 | 24.0 | 23.8 | 6.7% |
| Singapore | 24.4 | 24.9 | 30.1 | 20.4 | -5.8% |
| Denmark | 9.0 | 13.2 | 14.8 | 14.4 | 17.0% |
| Vietnam | 10.1 | 11.9 | 14.6 | 11.1 | 3.2% |
| Mexico | 4.5 | 6.5 | 6.9 | 8.6 | 24.1% |
| Malaysia | 2.7 | 1.8 | 1.2 | 2.4 | -3.9% |
| Poland | 6.3 | 6.5 | 3.2 | 1.3 | -40.9% |
| Philippines | 0.6 | 0.5 | 1.1 | 0.7 | 5.3% |
| Others | 6.8 | 12.3 | 5.7 | 7.1 | 1.4% |
| Total | 84.0 | 92.7 | 102 | 89.8 | 2.3% |
Top Suppliers of Hearing Aid to Australia in 2022:
- China (250.1K units)
- Singapore (225.1K units)
- Denmark (224.8K units)
- Mexico (91.3K units)
- Vietnam (83.0K units)
- Malaysia (56.9K units)
- Philippines (36.6K units)
- Poland (33.4K units)
Hearing Aid Exports in Australia
In 2022, approx. 126K units of hearing aids (excl. parts and accessories) were exported from Australia; with an increase of 45% on the previous year's figure. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 89% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hearing aid exports skyrocketed to $44M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Hearing Aid in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 12.1 | 7.2 | 15.1 | 23.1 | 24.1% |
| Philippines | N/A | N/A | 1.3 | 6.2 | 376.9% |
| New Zealand | 0.6 | 0.5 | 1.0 | 5.8 | 113.0% |
| China | 4.7 | 1.7 | 1.9 | 5.7 | 6.6% |
| Vietnam | 2.6 | 2.6 | 2.4 | 2.0 | -8.4% |
| Poland | N/A | N/A | N/A | 0.1 | 0% |
| United Arab Emirates | 0.6 | 1.0 | 2.7 | N/A | 112.1% |
| Others | 0.8 | 0.6 | 0.2 | 0.6 | -9.1% |
| Total | 21.5 | 13.6 | 24.5 | 43.6 | 26.6% |
Top Export Markets for Hearing Aid from Australia in 2022:
- New Zealand (48.8K units)
- Philippines (36.4K units)
- China (18.7K units)
- Vietnam (13.7K units)
- Poland (4.0K units)
- Panama (3.3K units)
This report provides an in-depth analysis of the hearing aid market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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