China - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in China - 2023
Contents:
- Hearing Aid Price in China (FOB) - 2022
- Hearing Aid Price in China (CIF) - 2023
- Hearing Aid Exports in China
- Hearing Aid Imports in China
Hearing Aid Price in China (FOB) - 2022
In 2022, the average hearing aid export price amounted to $28 per unit, almost unchanged from the previous year. Overall, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the average export price increased by 27% against the previous year. The export price peaked at $44 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($42 per unit), while the average price for exports to Argentina ($1 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 Malaysia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Hearing Aid Price in China (CIF) - 2023
In June 2023, the average hearing aid import price amounted to $69.2 per unit, approximately equating the previous month. Over the period under review, the import price enjoyed a measured expansion. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 37% against the previous month. The import price peaked at $80.9 per unit in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($95.4 per unit), while the price for Vietnam ($38.8 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%), while the prices for the other major suppliers experienced a decline.
Hearing Aid Exports in China
In 2022, the amount of hearing aids (excl. parts and accessories) exported from China reduced to 14M units, which is down by -2.5% against the year before. Over the period under review, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. The exports peaked at 16M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, hearing aid exports dropped to $386M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $397M, and then dropped slightly in the following year.
| Export of Hearing Aid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 68.5 | 81.3 | 102 | 106 | 15.7% |
| Netherlands | 43.1 | 38.8 | 82.3 | 77.9 | 21.8% |
| United Kingdom | 43.8 | 32.6 | 46.1 | 50.7 | 5.0% |
| Japan | 18.0 | 15.4 | 23.9 | 23.5 | 9.3% |
| Malaysia | 7.3 | 9.3 | 27.2 | 17.4 | 33.6% |
| Germany | 6.2 | 5.5 | 10.3 | 12.9 | 27.7% |
| Singapore | 3.7 | 5.2 | 6.5 | 12.7 | 50.8% |
| Australia | 8.7 | 6.9 | 9.2 | 10.5 | 6.5% |
| Spain | 4.3 | 4.0 | 8.8 | 9.9 | 32.0% |
| Canada | 8.1 | 8.0 | 9.8 | 8.3 | 0.8% |
| India | 3.7 | 2.9 | 5.2 | 6.0 | 17.5% |
| Vietnam | 29.9 | 21.7 | 12.2 | 5.3 | -43.8% |
| Argentina | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Others | 55.5 | 39.5 | 54.1 | 44.6 | -7.0% |
| Total | 301 | 271 | 397 | 386 | 8.6% |
Top Export Markets for Hearing Aid from China in 2022:
- United States (3108.5K units)
- Netherlands (1853.9K units)
- United Kingdom (1442.4K units)
- Japan (961.5K units)
- Malaysia (672.8K units)
- India (495.2K units)
- Singapore (452.7K units)
- Australia (370.9K units)
- Germany (334.6K units)
- Spain (310.6K units)
- Argentina (278.2K units)
- Vietnam (230.8K units)
- Canada (207.4K units)
Hearing Aid Imports in China
In 2022, hearing aid imports into China reduced to 688K units, declining by -7.3% compared with 2021 figures. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of 742K units, and then reduced in the following year.
In value terms, hearing aid imports rose to $55M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Hearing Aid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 22.8 | 20.5 | 24.7 | 26.4 | 5.0% |
| Singapore | 14.5 | 5.9 | 8.2 | 11.4 | -7.7% |
| Vietnam | 3.0 | 2.5 | 6.7 | 4.6 | 15.3% |
| Mexico | 2.0 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 11.5 | 13.0 | 12.7 | 103.8% |
| Total | 43.9 | 40.5 | 52.6 | 55.0 | 7.8% |
Top Suppliers of Hearing Aid to China in 2022:
- Mexico (undefinedK units)
- Denmark (254.0K units)
- Singapore (150.0K units)
- Vietnam (48.4K units)
This report provides an in-depth analysis of the hearing aid market in China. 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 China
- 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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