Latest Report Update: Dec 20, 2019

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

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Bulgaria: Hearing Aid Market Overview 2020

Hearing Aid Market Size in Bulgaria

The revenue of the hearing aid market in Bulgaria amounted to $X in 2018, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, hearing aid consumption continues to indicate a measured shrinkage. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, the hearing aid market reached its peak level of $X. From 2009 to 2018, the growth of the hearing aid market remained at a lower figure.

Hearing Aid Exports

Exports from Bulgaria

In 2018, approx. X units of hearing aids (excl. parts and accessories) were exported from Bulgaria; lowering by -X% against the previous year. In general, hearing aid exports, however, continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, hearing aid exports attained their maximum at X units in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, hearing aid exports amounted to $X in 2018. Over the period under review, hearing aid exports, however, continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, hearing aid exports attained their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for hearing aid exports from Bulgaria, with a X% share of total exports. Moreover, hearing aid exports to the Czech Republic exceeded the volume sent to the second major destination, Norway (X units), threefold. Lebanon (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the Czech Republic stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Lebanon (+X% per year).

In value terms, Lithuania ($X) remains the key foreign market for hearing aid exports from Bulgaria, comprising X% of total hearing aid exports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Lithuania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+X% per year) and Romania (+X% per year).

Export Prices by Country

In 2018, the average hearing aid export price amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the hearing aid export price continues to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. In that year, the average export prices for hearing aids (excl. parts and accessories) attained their peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Lithuania ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania, while the prices for the other major destinations experienced a decline.

Hearing Aid Imports

Imports into Bulgaria

In 2018, approx. X units of hearing aids (excl. parts and accessories) were imported into Bulgaria; rising by X% against the previous year. In general, hearing aid imports continue to indicate a temperate expansion. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. In that year, hearing aid imports reached their peak of X units. From 2009 to 2018, the growth of hearing aid imports remained at a somewhat lower figure.

In value terms, hearing aid imports stood at $X in 2018. Overall, hearing aid imports continue to indicate a deep descent. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. In that year, hearing aid imports attained their peak of $X. From 2009 to 2018, the growth of hearing aid imports remained at a lower figure.

Imports by Country

In 2018, Singapore (X units) constituted the largest supplier of hearing aid to Bulgaria, with a X% share of total imports. Moreover, hearing aid imports from Singapore exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was occupied by the U.S. (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Singapore stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the U.S. (-X% per year).

In value terms, Singapore ($X), France ($X) and Germany ($X) were the largest hearing aid suppliers to Bulgaria, together accounting for X% of total imports.

Germany experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hearing aid import price amounted to $X per unit, lowering by -X% against the previous year. Over the period under review, the hearing aid import price continues to indicate an abrupt drop. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. In that year, the average import prices for hearing aids (excl. parts and accessories) attained their peak level of $X per unit. From 2012 to 2018, the growth in terms of the average import prices for hearing aids (excl. parts and accessories) failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was France ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovenia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)

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


Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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