Latest Report Update: Jun 10, 2021

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

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Luxembourg: Hearing Aid Market Overview 2021

Hearing Aid Market Size in Luxembourg

In 2020, the Luxembourg hearing aid market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated a modest increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Hearing Aid Exports

Exports from Luxembourg

In 2020, shipments abroad of hearing aids (excl. parts and accessories) was finally on the rise to reach X units for the first time since 2016, thus ending a three-year declining trend. Overall, exports, however, recorded a deep contraction. Exports peaked at X units in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, hearing aid exports soared to $X in 2020. In general, exports, however, saw a deep setback. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Romania (X units), Germany (X units) and Belgium (X units) were the main destinations of hearing aid exports from Luxembourg, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Romania, while shipments for the other leaders experienced a decline.

In value terms, Belgium ($X), Germany ($X) and Romania ($X) appeared to be the largest markets for hearing aid exported from Luxembourg worldwide, together accounting for X% of total exports.

Among the main countries of destination, Romania recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average hearing aid export price stood at $X per unit in 2020, increasing by X% against the previous year. Overall, the export price enjoyed a slight increase. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Hearing Aid Imports

Imports into Luxembourg

In 2020, purchases abroad of hearing aids (excl. parts and accessories) decreased by -X% to X units for the first time since 2015, thus ending a four-year rising trend. Overall, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at X units in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, hearing aid imports expanded markedly to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Belgium (X units), Germany (X units) and Denmark (X units) were the main suppliers of hearing aid imports to Luxembourg, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany, while imports for the other leaders experienced a decline.

In value terms, Denmark ($X), Switzerland ($X) and Germany ($X) appeared to be the largest hearing aid suppliers to Luxembourg, together comprising X% of total imports. Belgium and France lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of imports, among the main suppliers 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, increasing by X% against the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI 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?
+
The country with the largest volume of hearing aid production was China (36M units), 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 Luxembourg?
+
In value terms, Denmark ($817K), Switzerland ($761K) and Germany ($638K) were the largest hearing aid suppliers to Luxembourg, together accounting for 70% of total imports. These countries were followed by Belgium and France, which together accounted for a further 27%.
What are the leading importers of hearing aids (excl. parts and accessories) from Luxembourg?
+
In value terms, Belgium ($139K), Germany ($84K) and Romania ($3.7K) appeared to be the largest markets for hearing aid exported from Luxembourg worldwide, together accounting for 99% of total exports.
What is the average export price for hearing aids (excl. parts and accessories) in Luxembourg?
+
In 2020, the average hearing aid export price amounted to $189 per unit, growing by 23% against the previous year.
What is the average import price for hearing aids (excl. parts and accessories) in Luxembourg?
+
In 2020, the average hearing aid import price amounted to $356 per unit, increasing by 14% 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 Luxembourg. 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:
• Luxembourg

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