Latest Report Update: Feb 1, 2019

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

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Cyprus: Hearing Aid Market Overview 2019

Hearing Aid Market Size in Cyprus

The revenue of the hearing aid market in Cyprus amounted to $X in 2018, dropping by -X% against the previous year. Over the period under review, hearing aid consumption, however, continues to indicate a notable growth. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. Over the period under review, the hearing aid market attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Hearing Aid Production in Cyprus

In value terms, hearing aid production stood at $X in 2018 estimated in export prices. Overall, hearing aid production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. In that year, hearing aid production attained its peak level of $X. From 2012 to 2018, hearing aid production growth remained at a somewhat lower figure.

Hearing Aid Exports

Exports from Cyprus

In 2018, hearing aid exports from Cyprus stood at X units, declining by -X% against the previous year. Over the period under review, hearing aid exports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2012, when exports increased by X% y-o-y. Over the period under review, hearing aid exports attained their peak figure at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, hearing aid exports amounted to $X in 2018. In general, hearing aid exports continue to indicate a moderate descent. The most prominent rate of growth was recorded in 2018, when exports increased by X% y-o-y. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) represented roughly X% of total exports of hearing aids (excl. parts and accessories) in 2018.

Malaysia was also the fastest growing in terms of the hearing aids (excl. parts and accessories) exports, with a CAGR of +X% from 2007 to 2018. While the share of Malaysia (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest hearing aid supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Cyprus ($X), with a X% share of global exports.

From 2007 to 2018, the average annual rate of growth in terms of value in Malaysia amounted to +X%.

Export Prices by Country

In 2018, the hearing aid export price in Cyprus amounted to $X per unit, rising by X% against the previous year. Overall, the hearing aid export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018, when the export price increased by X% against the previous year. In that year, the export prices for hearing aids (excl. parts and accessories) reached their peak level, and is likely to continue its growth in the immediate term.

As there is only one major export destination, the average price level is determined by export prices for Malaysia.

From 2007 to 2018, the rate of growth in terms of export prices for Malaysia amounted to -X% per year.

Hearing Aid Imports

Imports into Cyprus

In 2018, the amount of hearing aids (excl. parts and accessories) imported into Cyprus totaled X units, coming down by -X% against the previous year. Overall, hearing aid imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2012, with an increase of X% year-to-year. Cyprus imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, hearing aid imports stood at $X in 2018. In general, hearing aid imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. Cyprus imports peaked in 2018, and are likely to see steady growth in the near future.

Imports by Country

In 2018, the U.S. (X units) represented the main importer for hearing aids (excl. parts and accessories), generating X% of total imports. It was distantly followed by Germany (X units), the UK (X units) and the Netherlands (X units), together achieving X% share of total imports. The following importers - Poland (X units), Mexico (X units), Canada (X units), France (X units), Australia (X units), Japan (X units), India (X units) and Switzerland (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), the Netherlands (+X%), Poland (+X%), India (+X%), Australia (+X%), Japan (+X%), France (+X%), Canada (+X%), the UK (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Switzerland (-X%) illustrated a downward trend over the same period. While the share of Australia (-X%), the UK (-X%), India (-X%), Mexico (-X%), Poland (-X%), the Netherlands (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hearing aids (excl. parts and accessories) into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the hearing aid import price in Cyprus amounted to $X per unit, jumping by X% against the previous year. Overall, the hearing aid import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008, when the import price increased by X% year-to-year. Over the period under review, the import prices for hearing aids (excl. parts and accessories) attained their maximum in 2018, and is likely to continue its growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Switzerland, while the other leaders experienced more modest paces of growth.

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 Cyprus. 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 2025.


Country coverage:
• Cyprus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Cyprus
• 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 2025
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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