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Indonesia - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Indonesia - 2022
Contents:
- Hearing Aid Price in Indonesia (CIF) - 2022
- Hearing Aid Price in Indonesia (FOB) - 2022
- Hearing Aid Imports in Indonesia
- Hearing Aid Exports in Indonesia
Hearing Aid Price in Indonesia (CIF) - 2022
The average hearing aid import price stood at $208 per unit in 2022, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($212 per unit) and China ($211 per unit), while the price for Singapore ($195 per unit) and Germany ($201 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in Indonesia (FOB) - 2022
In 2022, the average hearing aid export price amounted to $186 per unit, with an increase of 6.9% against the previous year. Overall, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $302 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -3.0% per year.
Hearing Aid Imports in Indonesia
In 2022, approx. 7.9K units of hearing aids (excl. parts and accessories) were imported into Indonesia; dropping by -24.1% compared with the previous year's figure. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. Over the period under review, imports attained the peak figure at 12K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, hearing aid imports fell to $1.6M in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 94% against the previous year. Over the period under review, imports attained the peak figure at $1.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Hearing Aid in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 774 | 242 | 624 | 552 | -10.7% |
Mexico | 93.1 | 333 | 506 | 448 | 68.8% |
Singapore | 726 | 54.3 | 131 | 265 | -28.5% |
China | 100 | 165 | 215 | 190 | 23.9% |
United States | 3.2 | 14.8 | 70.1 | 62.1 | 168.7% |
Malaysia | 90.4 | 52.0 | 71.1 | 62.1 | -11.8% |
Germany | 88.7 | 32.2 | 58.4 | 52.1 | -16.3% |
Others | 10.7 | 6.8 | 68.1 | 8.2 | -8.5% |
Total | 1,886 | 901 | 1,743 | 1,639 | -4.6% |
Top Suppliers of Hearing Aid to Indonesia in 2022:
- Denmark (2613.0 units)
- Mexico (2119.0 units)
- Singapore (1359.0 units)
- China (899.0 units)
- Malaysia (307.0 units)
- United States (293.0 units)
- Germany (259.0 units)
Hearing Aid Exports in Indonesia
In 2022, hearing aid exports from Indonesia soared to 35 units, increasing by 84% on 2021 figures. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,567% against the previous year. As a result, the exports attained the peak of 50 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hearing aid exports skyrocketed to $6.5K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,191%. As a result, the exports attained the peak of $8.3K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Hearing Aid in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 0.6 | 8.1 | 3.3 | 6.5 | 121.3% |
Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
Total | 0.6 | 8.3 | 3.4 | 6.5 | 121.3% |
Top Export Markets for Hearing Aid from Indonesia in 2022:
- Singapore (35.0 units)
This report provides an in-depth analysis of the hearing aid market in Indonesia. 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:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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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