Malaysia - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Malaysia - 2023
Contents:
- Hearing Aid Price in Malaysia (FOB) - 2023
- Hearing Aid Price in Malaysia (CIF) - 2022
- Hearing Aid Exports in Malaysia
- Hearing Aid Imports in Malaysia
Hearing Aid Price in Malaysia (FOB) - 2023
The average hearing aid export price stood at $12.9 per unit in October 2023, increasing by 5.8% against the previous month. Overall, the export price recorded slight growth. The pace of growth was the most pronounced in June 2023 an increase of 37% m-o-m. As a result, the export price reached the peak level of $16.9 per unit. From July 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Japan ($63.3 per unit), while the average price for exports to Spain ($3.8 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+16.1%), while the prices for the other major destinations experienced a decline.
Hearing Aid Price in Malaysia (CIF) - 2022
In 2022, the average hearing aid import price amounted to $13 per unit, with a decrease of -8.8% against the previous year. In general, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of 42%. As a result, import price reached the peak level of $23 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($52 per unit), while the price for Australia ($6.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Exports in Malaysia
In 2022, the amount of hearing aids (excl. parts and accessories) exported from Malaysia soared to 10M units, with an increase of 23% compared with 2021 figures. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports attained the peak figure at 12M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, hearing aid exports skyrocketed to $133M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hearing Aid in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 30.9 | 25.8 | 26.5 | 36.2 | 5.4% |
| United States | 30.1 | 23.3 | 20.7 | 30.3 | 0.2% |
| Denmark | 7.7 | 5.3 | 8.0 | 11.7 | 15.0% |
| Australia | 11.0 | 6.0 | 7.9 | 10.0 | -3.1% |
| Spain | 9.2 | 6.1 | 7.9 | 8.6 | -2.2% |
| Japan | 8.7 | 7.6 | 6.7 | 7.8 | -3.6% |
| India | 4.7 | 2.1 | 5.0 | 4.9 | 1.4% |
| Brazil | 4.9 | 3.8 | 6.6 | 4.5 | -2.8% |
| South Korea | 2.2 | 1.7 | 2.6 | 3.4 | 15.6% |
| New Zealand | 2.2 | 1.9 | 2.0 | 2.8 | 8.4% |
| China | 2.1 | 0.8 | 1.3 | 1.6 | -8.7% |
| Others | 13.3 | 8.7 | 11.8 | 11.4 | -5.0% |
| Total | 127 | 93.1 | 107 | 133 | 1.6% |
Top Export Markets for Hearing Aid from Malaysia in 2022:
- United Kingdom (3179.6K units)
- Spain (1910.3K units)
- Australia (934.9K units)
- Denmark (899.8K units)
- United States (786.7K units)
- South Korea (494.0K units)
- China (425.8K units)
- New Zealand (303.7K units)
- Japan (200.2K units)
- India (142.5K units)
- Brazil (139.9K units)
Hearing Aid Imports in Malaysia
In 2022, approx. 1.7M units of hearing aids (excl. parts and accessories) were imported into Malaysia; jumping by 33% against the previous year. In general, imports, however, saw a abrupt setback. Imports peaked at 2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, hearing aid imports skyrocketed to $22M in 2022. Overall, imports, however, recorded a slight decrease. Over the period under review, imports hit record highs at $23M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Hearing Aid in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.4 | 3.8 | 3.3 | 4.3 | 8.1% |
| Singapore | 3.3 | 2.3 | 2.8 | 4.2 | 8.4% |
| China | 2.1 | 0.4 | 2.7 | 3.5 | 18.6% |
| Sweden | 0.6 | 0.6 | 1.5 | 2.5 | 60.9% |
| Denmark | 0.7 | 0.7 | 1.9 | 1.6 | 31.7% |
| United Kingdom | 2.9 | 2.5 | 1.6 | 1.1 | -27.6% |
| United States | 0.7 | 0.7 | 0.7 | 1.0 | 12.6% |
| Poland | 0.9 | 0.6 | 0.3 | 0.7 | -8.0% |
| Switzerland | 1.8 | 1.4 | 0.4 | 0.4 | -39.4% |
| Japan | 4.7 | 2.8 | 0.6 | 0.2 | -65.1% |
| Hong Kong SAR | 0.4 | 1.3 | 0.2 | 0.1 | -37.0% |
| Others | 1.0 | 1.0 | 1.9 | 2.1 | 28.1% |
| Total | 22.6 | 18.0 | 17.9 | 21.7 | -1.3% |
Top Suppliers of Hearing Aid to Malaysia in 2022:
- Australia (656.6K units)
- China (322.3K units)
- Sweden (207.8K units)
- United Kingdom (127.0K units)
- Denmark (83.1K units)
- Singapore (81.1K units)
- Poland (72.9K units)
- United States (43.6K units)
- Switzerland (22.3K units)
- Japan (13.1K units)
- Hong Kong SAR (5.2K units)
This report provides an in-depth analysis of the hearing aid market in Malaysia. 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.
Product coverage:
- Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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