Belgium - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Belgium - 2023
Contents:
- Hearing Aid Price in Belgium (CIF) - 2022
- Hearing Aid Price in Belgium (FOB) - 2022
- Hearing Aid Imports in Belgium
- Hearing Aid Exports in Belgium
Hearing Aid Price in Belgium (CIF) - 2022
In 2022, the average hearing aid import price amounted to $272 per unit, increasing by 20% against the previous year. Overall, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $394 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($389 per unit), while the price for China ($112 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in Belgium (FOB) - 2022
In 2022, the average hearing aid export price amounted to $109 per unit, remaining stable against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 69%. Over the period under review, the average export prices hit record highs at $778 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($476 per unit), while the average price for exports to Burundi ($4.5 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 Switzerland (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.
Hearing Aid Imports in Belgium
In 2022, purchases abroad of hearing aids (excl. parts and accessories) decreased by -21.2% to 348K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 49%. As a result, imports attained the peak of 442K units, and then shrank notably in the following year.
In value terms, hearing aid imports declined to $95M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of $100M, and then dropped in the following year.
| Import of Hearing Aid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 50.4 | 67.6 | 84.0 | 81.7 | 17.5% |
| Germany | 3.8 | 6.2 | 7.3 | 6.0 | 16.4% |
| Denmark | 4.7 | 2.6 | 5.4 | 3.9 | -6.0% |
| United States | 4.0 | 2.7 | 2.4 | 2.6 | -13.4% |
| Others | 2.1 | 1.2 | 0.8 | 0.5 | -38.0% |
| Total | 64.9 | 80.3 | 99.8 | 94.6 | 13.4% |
Top Suppliers of Hearing Aid to Belgium in 2022:
- Netherlands (305.1K units)
- Germany (22.6K units)
- Denmark (10.0K units)
- United States (6.8K units)
Hearing Aid Exports in Belgium
In 2022, overseas shipments of hearing aids (excl. parts and accessories) decreased by -74% to 2.9K units, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 44%. As a result, the exports reached the peak of 13K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hearing aid exports contracted rapidly to $310K in 2022. In general, exports saw a significant contraction. The growth pace was the most rapid in 2020 when exports increased by 17%. As a result, the exports reached the peak of $2.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Hearing Aid in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 3.3 | 192 | 736 | 136 | 245.4% |
| Germany | N/A | N/A | N/A | 69.2 | 0% |
| Italy | N/A | N/A | N/A | 57.1 | 0% |
| United States | 2,003 | 2,060 | 30.1 | 10.5 | -82.6% |
| Norway | 1.7 | N/A | N/A | 5.9 | 51.4% |
| Romania | N/A | 3.9 | 7.4 | 1.7 | -34.0% |
| Slovenia | 0.1 | 1.7 | 7.1 | 1.1 | 122.4% |
| Lithuania | 0.1 | 1.2 | 8.8 | 0.9 | 108.0% |
| Burundi | N/A | N/A | N/A | 0.3 | 0% |
| Colombia | N/A | 136 | 94.6 | N/A | -30.4% |
| Turkey | 323 | N/A | N/A | N/A | 0% |
| Others | 42.8 | 379 | 295 | 26.6 | -14.7% |
| Total | 2,374 | 2,773 | 1,180 | 310 | -49.3% |
Top Export Markets for Hearing Aid from Belgium in 2022:
- Italy (1511.0 units)
- Israel (583.0 units)
- Germany (146.0 units)
- Romania (116.0 units)
- Lithuania (110.0 units)
- Slovenia (77.0 units)
- Burundi (76.0 units)
- Norway (53.0 units)
- United States (46.0 units)
This report provides an in-depth analysis of the hearing aid market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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.
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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
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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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