United Kingdom - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in the UK - 2023
Contents:
- Hearing Aid Price in the UK (CIF) - 2022
- Hearing Aid Price in the UK (FOB) - 2022
- Hearing Aid Imports in the UK
- Hearing Aid Exports in the UK
Hearing Aid Price in the UK (CIF) - 2022
The average hearing aid import price stood at $61 per unit in 2022, dropping by -18.2% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60%. The import price peaked at $154 per unit in 2012; however, from 2013 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 Australia ($490 per unit), while the price for Malaysia ($29 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in the UK (FOB) - 2022
In 2022, the average hearing aid export price amounted to $147 per unit, declining by -14% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. The export price peaked at $273 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($325 per unit), while the average price for exports to Malaysia ($49 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 Vietnam (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Hearing Aid Imports in the UK
In 2022, purchases abroad of hearing aids (excl. parts and accessories) increased by 7.7% to 4M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced shrinkage. Imports peaked at 4.6M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, hearing aid imports contracted to $246M in 2022. In general, imports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. Imports peaked at $283M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Hearing Aid in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.7 | 43.3 | 62.1 | 64.0 | 0.2% |
| Poland | 89.9 | 77.4 | 106 | 60.6 | -12.3% |
| Vietnam | 28.7 | 24.7 | 23.3 | 28.1 | -0.7% |
| Switzerland | 9.5 | 3.5 | 19.5 | 24.1 | 36.4% |
| Malaysia | 17.2 | 18.4 | 17.2 | 22.2 | 8.9% |
| United States | 21.0 | 12.7 | 15.7 | 11.7 | -17.7% |
| Singapore | 0.4 | N/A | N/A | 11.1 | 202.8% |
| Denmark | 4.8 | 3.5 | 7.3 | 10.0 | 27.7% |
| Others | 47.7 | 21.4 | 27.7 | 13.9 | -33.7% |
| Total | 283 | 205 | 279 | 246 | -4.6% |
Top Suppliers of Hearing Aid to the UK in 2022:
- China (1170.6K units)
- Poland (992.4K units)
- Malaysia (771.9K units)
- Vietnam (332.3K units)
- Denmark (267.2K units)
- Singapore (178.2K units)
- Switzerland (119.3K units)
- United States (34.1K units)
Hearing Aid Exports in the UK
In 2022, the amount of hearing aids (excl. parts and accessories) exported from the UK shrank dramatically to 582K units, which is down by -22.3% compared with the previous year's figure. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 9.8% against the previous year. Over the period under review, the exports reached the peak figure at 1.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, hearing aid exports dropped remarkably to $86M in 2022. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked at $166M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Hearing Aid in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.7 | 0.5 | 8.8 | 9.6 | 139.4% |
| Germany | 18.9 | 10.2 | 9.8 | 9.2 | -21.3% |
| Norway | 12.1 | 4.6 | 5.7 | 5.7 | -22.2% |
| Poland | 1.2 | 0.2 | 7.8 | 4.6 | 56.5% |
| Netherlands | 15.4 | 9.6 | 8.8 | 3.3 | -40.2% |
| United States | 2.5 | 0.8 | 3.4 | 2.5 | 0.0% |
| Ireland | 11.4 | 4.6 | 2.6 | 2.5 | -39.7% |
| United Arab Emirates | 0.1 | N/A | N/A | 2.2 | 180.2% |
| France | 16.0 | 5.3 | 3.0 | 2.1 | -49.2% |
| China | 0.6 | 1.7 | 2.2 | 1.9 | 46.8% |
| Denmark | 2.3 | 1.0 | 11.6 | 1.4 | -15.3% |
| Belgium | 5.2 | 2.9 | 2.0 | 1.4 | -35.4% |
| Malaysia | 0.1 | 0.9 | 0.6 | 0.9 | 108.0% |
| Others | 79.4 | 48.9 | 61.9 | 38.6 | -21.4% |
| Total | 166 | 91.1 | 128 | 85.7 | -19.8% |
Top Export Markets for Hearing Aid from the UK in 2022:
- Germany (157.0K units)
- Vietnam (72.7K units)
- Poland (44.4K units)
- United States (39.7K units)
- China (35.2K units)
- Netherlands (34.9K units)
- Denmark (27.0K units)
- France (21.3K units)
- Ireland (19.5K units)
- Malaysia (18.2K units)
- Norway (17.5K units)
- United Arab Emirates (14.8K units)
- Belgium (11.6K units)
This report provides an in-depth analysis of the hearing aid market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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