Latest Report Update: Jun 10, 2021

Finland - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Finland: Hearing Aid Market Overview 2021

Hearing Aid Market Size in Finland

The Finnish hearing aid market shrank to $X in 2020, which is down 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). Overall, consumption, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Hearing Aid Exports

Exports from Finland

In 2020, overseas shipments of hearing aids (excl. parts and accessories) were finally on the rise to reach X units after two years of decline. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Exports peaked at X units in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, hearing aid exports skyrocketed to $X in 2020. Overall, exports recorded a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X units) was the main destination for hearing aid exports from Finland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Switzerland stood at +X%.

In value terms, Switzerland ($X) also remains the key foreign market for hearing aid exports from Finland.

From 2007 to 2020, the average annual growth rate of value to Switzerland stood at +X%.

Export Prices by Country

In 2020, the average hearing aid export price amounted to $X per unit, rising by X% against the previous year. In general, the export price continues to indicate a resilient increase. Over the period under review, average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Switzerland amounted to +X% per year.

Hearing Aid Imports

Imports into Finland

In 2020, the amount of hearing aids (excl. parts and accessories) imported into Finland dropped modestly to X units, leveling off at 2019 figures. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X units. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, hearing aid imports shrank modestly to $X in 2020. Over the period under review, imports, however, showed a notable expansion. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

China (X units), Denmark (X units) and the UK (X units) were the main suppliers of hearing aid imports to Finland, together comprising X% of total imports. These countries were followed by Singapore, Germany and Viet Nam, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Viet Nam (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hearing aid suppliers to Finland were China ($X), Denmark ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, China (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hearing aid import price stood at $X per unit in 2020, reducing by -X% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Viet Nam ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hearing aids (excl. parts and accessories) in the world?
+
The countries with the highest volumes of hearing aid consumption in 2020 were China (30M units), the U.S. (18M units) and Canada (5.4M units), with a combined 51% share of global consumption.
What are the largest producers of hearing aids (excl. parts and accessories) in the world?
+
China (36M units) remains the largest hearing aid producing country worldwide, accounting for 38% of total volume. Moreover, hearing aid production in China exceeded the figures recorded by the second-largest producer, the U.S. (9.4M units), fourfold. Mexico (5.4M units) ranked third in terms of total production with a 5.8% share.
What are the leading suppliers of hearing aids (excl. parts and accessories) to Finland?
+
In value terms, the largest hearing aid suppliers to Finland were China ($4.7M), Denmark ($3.2M) and the UK ($1.9M), with a combined 74% share of total imports.
What are the leading importers of hearing aids (excl. parts and accessories) from Finland?
+
In value terms, Switzerland ($257K) remains the key foreign market for hearing aid exports from Finland.
What is the average export price for hearing aids (excl. parts and accessories) in Finland?
+
In 2020, the average hearing aid export price amounted to $607 per unit, increasing by 140% against the previous year.
What is the average import price for hearing aids (excl. parts and accessories) in Finland?
+
The average hearing aid import price stood at $152 per unit in 2020, shrinking by -2.9% against the previous year.

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 Finland. 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:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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