Israel: Hearing Aid Market 2024

Hearing Aid Market Size in Israel

In 2022, after five years of growth, there was significant decline in the Israeli hearing aid market, when its value decreased by X% to $X. Overall, consumption, however, recorded a slight increase. Hearing aid consumption peaked at $X in 2021, and then contracted in the following year.

Hearing Aid Production in Israel

In value terms, hearing aid production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Hearing Aid Exports

Exports from Israel

In 2022, the amount of hearing aids (excl. parts and accessories) exported from Israel reduced modestly to X units, falling by X% compared with the year before. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, hearing aid exports shrank to $X in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Poland (X units) was the main destination for hearing aid exports from Israel, with a X% share of total exports. Moreover, hearing aid exports to Poland exceeded the volume sent to the second major destination, Austria (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Mexico (X% per year).

In value terms, Poland ($X) remains the key foreign market for hearing aids (excl. parts and accessories) exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average hearing aid export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Poland ($X 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 Austria (X%).

Hearing Aid Imports

Imports into Israel

In 2022, after six years of growth, there was significant decline in purchases abroad of hearing aids (excl. parts and accessories), when their volume decreased by X% to X units. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, hearing aid imports declined to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Switzerland (X units) constituted the largest hearing aid supplier to Israel, with a X% share of total imports. Moreover, hearing aid imports from Switzerland exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. Austria (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Austria (X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of hearing aids (excl. parts and accessories) to Israel, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Austria, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Austria (X% per year).

Import Prices by Country

The average hearing aid import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and Denmark ($X per unit), while the price for China ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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