
Ireland - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Hearing Aid Market Overview 2020
Hearing Aid Market Size in Ireland
The revenue of the hearing aid market in Ireland amounted to $X in 2018, growing 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, hearing aid consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Hearing aid consumption peaked in 2018 and is expected to retain its growth in the immediate term.
Hearing Aid Exports
Exports from Ireland
In 2018, approx. X units of hearing aids (excl. parts and accessories) were exported from Ireland; waning by -X% against the previous year. In general, hearing aid exports continue to indicate an abrupt drop. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. In that year, hearing aid exports attained their peak of X units. From 2012 to 2018, the growth of hearing aid exports remained at a somewhat lower figure.
In value terms, hearing aid exports stood at $X in 2018. In general, hearing aid exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.
Exports by Country
South Africa (X units) was the main destination for hearing aid exports from Ireland, accounting for a X% share of total exports. Moreover, hearing aid exports to South Africa exceeded the volume sent to the second major destination, Egypt (X units), more than tenfold. The third position in this ranking was occupied by the UK (X units), with a X% share.
From 2007 to 2018, the average annual growth rate of volume to South Africa stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and the UK (-X% per year).
In value terms, the largest markets for hearing aid exported from Ireland were the UK ($X), Egypt ($X) and Sweden ($X), with a combined X% share of total exports.
In terms of the main countries of destination, the UK recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced a decline.
Export Prices by Country
In 2018, the average hearing aid export price amounted to $X per unit, declining by -X% against the previous year. In general, the hearing aid export price continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. In that year, the average export prices for hearing aids (excl. parts and accessories) attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the average export prices for hearing aids (excl. parts and accessories) failed to regain its momentum.
Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per unit), while the average price for exports to South Africa ($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 the UK, while the prices for the other major destinations experienced a decline.
Hearing Aid Imports
Imports into Ireland
Hearing aid imports into Ireland stood at X units in 2018, going up by X% against the previous year. Over the period under review, hearing aid imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, hearing aid imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.
In value terms, hearing aid imports amounted to $X in 2018. Overall, hearing aid imports continue to indicate a strong increase. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, hearing aid imports reached their peak figure in 2018 and are likely to see steady growth in the near future.
Imports by Country
In 2018, the UK (X units) constituted the largest hearing aid supplier to Ireland, accounting for a X% share of total imports. Moreover, hearing aid imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was occupied by Denmark (X units), with a X% share.
From 2007 to 2018, the average annual growth rate of volume from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Denmark (+X% per year).
In value terms, the UK ($X) constituted the largest supplier of hearing aid to Ireland, comprising X% of total hearing aid imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports. It was followed by France, with a X% share.
From 2007 to 2018, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and France (+X% per year).
Import Prices by Country
The average hearing aid import price stood at $X per unit in 2018, increasing by X% against the previous year. Overall, the hearing aid import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. In that year, the average import prices for hearing aids (excl. parts and accessories) attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average import prices for hearing aids (excl. parts and accessories) remained at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the hearing aid market in Ireland. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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