Estonia - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Estonia - 2023
Contents:
- Hearing Aid Price in Estonia (CIF) - 2022
- Hearing Aid Price in Estonia (FOB) - 2022
- Hearing Aid Imports in Estonia
- Hearing Aid Exports in Estonia
Hearing Aid Price in Estonia (CIF) - 2022
In 2022, the average hearing aid import price amounted to $113 per unit, falling by -22.9% against the previous year. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 169%. As a result, import price reached the peak level of $385 per unit. From 2020 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 Mexico ($371 per unit), while the price for China ($39 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in Estonia (FOB) - 2022
The average hearing aid export price stood at $46 per unit in 2022, growing by 17% against the previous year. Overall, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 715% against the previous year. Over the period under review, the average export prices attained the peak figure at $288 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($48 per unit), while the average price for exports to Ukraine totaled $41 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.
Hearing Aid Imports in Estonia
After two years of decline, purchases abroad of hearing aids (excl. parts and accessories) increased by 73% to 12K units in 2022. In general, imports, however, showed a abrupt decrease. Imports peaked at 16K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, hearing aid imports skyrocketed to $1.4M in 2022. Over the period under review, imports, however, saw a sharp reduction. Imports peaked at $6.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Hearing Aid in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 424 | 316 | 437 | 544 | 8.7% |
Malaysia | 319 | 388 | 380 | 418 | 9.4% |
Russia | 235 | 274 | 58.1 | 248 | 1.8% |
Mexico | N/A | N/A | 66.3 | 112 | 68.9% |
China | 36.5 | 30.3 | 32.6 | 10.7 | -33.6% |
United States | 1,180 | N/A | N/A | 1.7 | -88.7% |
Australia | 4,003 | N/A | N/A | N/A | 0% |
Others | 75.1 | 16.0 | 66.8 | 54.7 | -10.0% |
Total | 6,273 | 1,025 | 1,041 | 1,390 | -39.5% |
Top Suppliers of Hearing Aid to Estonia in 2022:
- United States (undefinedK units)
- Russia (5.5K units)
- Malaysia (4.1K units)
- Germany (1.9K units)
- Mexico (0.3K units)
- China (0.3K units)
Hearing Aid Exports in Estonia
After two years of decline, shipments abroad of hearing aids (excl. parts and accessories) increased by 222% to 6.4K units in 2022. In general, exports, however, saw a sharp descent. Over the period under review, the exports reached the peak figure at 275K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, hearing aid exports skyrocketed to $298K in 2022. Overall, exports, however, saw a significant decline. Over the period under review, the exports reached the maximum at $12M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Hearing Aid in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
Denmark | 8.8 | 10.6 | N/A | N/A | 20.5% |
Ukraine | N/A | N/A | 0.1 | N/A | 0% |
Others | 3.0 | N/A | N/A | N/A | 0% |
Total | 11.8 | 10.6 | 0.1 | 0.3 | -70.6% |
Top Export Markets for Hearing Aid from Estonia in 2022:
- United Arab Emirates (5.4K units)
- Ukraine (1.0K units)
This report provides an in-depth analysis of the hearing aid market in Estonia. 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:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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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