Luxembourg - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Luxembourg - 2023
Contents:
- Hearing Aid Price in Luxembourg (CIF) - 2023
- Hearing Aid Price in Luxembourg (FOB) - 2022
- Hearing Aid Imports in Luxembourg
- Hearing Aid Exports in Luxembourg
Hearing Aid Price in Luxembourg (CIF) - 2023
The average hearing aid import price stood at $180 per unit in June 2023, flattening at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in November 2022 an increase of 4.1% against the previous month. Over the period under review, average import prices reached the peak figure in June 2023.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the Netherlands ($228 per unit) and Belgium ($186 per unit), while the price for Germany ($176 per unit) and France ($180 per unit) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in Luxembourg (FOB) - 2022
The average hearing aid export price stood at $225 per unit in 2022, rising by 24% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 35% against the previous year. The export price peaked at $665 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($227 per unit), while the average price for exports to Belgium stood at $224 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-9.1%).
Hearing Aid Imports in Luxembourg
In 2022, supplies from abroad of hearing aids (excl. parts and accessories) was finally on the rise to reach 9.9K units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hearing aid imports dropped to $3.3M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Imports peaked at $3.7M in 2021, and then shrank in the following year.
| Import of Hearing Aid in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.5 | 62.3 | 453 | 859 | 475.8% |
| Germany | 501 | 641 | 827 | 820 | 17.8% |
| Denmark | 374 | 821 | 904 | 671 | 21.5% |
| Belgium | 690 | 591 | 692 | 558 | -6.8% |
| France | 316 | 320 | 322 | 273 | -4.8% |
| Switzerland | 577 | 764 | 328 | 14.1 | -71.0% |
| Others | 313 | 186 | 189 | 136 | -24.3% |
| Total | 2,775 | 3,386 | 3,715 | 3,330 | 6.3% |
Top Suppliers of Hearing Aid to Luxembourg in 2022:
- Switzerland (undefinedK units)
- Belgium (4.3K units)
- Germany (1.8K units)
- Netherlands (1.6K units)
- Denmark (1.5K units)
- France (0.3K units)
Hearing Aid Exports in Luxembourg
Hearing aid exports from Luxembourg reduced modestly to 1.1K units in 2022, falling by -2.1% against the year before. Overall, exports showed a deep slump. Over the period under review, the exports attained the maximum at 1.8K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, hearing aid exports soared to $258K in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hearing Aid in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 90.7 | 141 | 134 | 180 | 25.7% |
| Germany | 128 | 84.9 | 78.4 | 78.0 | -15.2% |
| Romania | N/A | 3.7 | N/A | N/A | 0% |
| Others | N/A | 1.4 | 1.0 | N/A | -28.6% |
| Total | 219 | 231 | 213 | 258 | 5.6% |
Top Export Markets for Hearing Aid from Luxembourg in 2022:
- Belgium (804.0 units)
- Germany (344.0 units)
This report provides an in-depth analysis of the hearing aid market in Luxembourg. 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:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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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