Hong Kong SAR, China - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in Hong Kong SAR - 2023
Contents:
- Hearing Aid Price in Hong Kong SAR (CIF) - 2023
- Hearing Aid Price in Hong Kong SAR (FOB) - 2022
- Hearing Aid Imports in Hong Kong SAR
- Hearing Aid Exports in Hong Kong SAR
Hearing Aid Price in Hong Kong SAR (CIF) - 2023
The average hearing aid import price stood at $73.4 per unit in June 2023, declining by -62.3% against the previous month. Overall, the import price recorded a mild decline. The pace of growth was the most pronounced in July 2022 when the average import price increased by 337% against the previous month. The import price peaked at $439 per unit in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($553 per unit), while the price for China ($22.5 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 the United States (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Hearing Aid Price in Hong Kong SAR (FOB) - 2022
The average hearing aid export price stood at $25 per unit in 2022, jumping by 132% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2013 an increase of 396%. As a result, the export price attained the peak level of $253 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($70 per unit), while the average price for exports to Japan ($8.2 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 Italy (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Hearing Aid Imports in Hong Kong SAR
In 2022, imports of hearing aids (excl. parts and accessories) into Hong Kong SAR fell sharply to 40K units, waning by -68.8% against the previous year's figure. Overall, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 127K units, and then contracted dramatically in the following year.
In value terms, hearing aid imports declined notably to $10M in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $16M, and then dropped notably in the following year.
| Import of Hearing Aid in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.1 | 4.1 | 8.9 | 3.6 | 48.5% |
| Germany | 2.2 | 2.0 | 3.0 | 2.9 | 9.6% |
| Singapore | 1.2 | 0.7 | 1.3 | 1.4 | 5.3% |
| China | 3.6 | 1.9 | 1.4 | 0.6 | -45.0% |
| United States | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Malaysia | 1.0 | 0.8 | 0.5 | 0.4 | -26.3% |
| Netherlands | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.2 | 0.5 | 1.0 | 71.0% |
| Total | 9.4 | 9.9 | 15.9 | 10.4 | 3.4% |
Top Suppliers of Hearing Aid to Hong Kong SAR in 2022:
- China (19.9K units)
- Germany (9.1K units)
- Singapore (3.4K units)
- United States (3.4K units)
- Australia (1.0K units)
- Malaysia (1.0K units)
- Netherlands (0.8K units)
Hearing Aid Exports in Hong Kong SAR
In 2022, the amount of hearing aids (excl. parts and accessories) exported from Hong Kong SAR dropped dramatically to 88K units, which is down by -39.8% on 2021 figures. In general, exports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.6% against the previous year. The exports peaked at 229K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, hearing aid exports soared to $2.2M in 2022. Overall, exports continue to indicate a abrupt contraction. The exports peaked at $2.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Hearing Aid in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,569 | 1,140 | 854 | 771 | -21.1% |
| India | 49.0 | N/A | 93.9 | 252 | 72.6% |
| Sweden | 201 | 155 | 152 | 252 | 7.8% |
| France | 12.9 | 3.3 | 53.2 | 91.1 | 91.9% |
| China | 346 | 40.5 | 4.9 | 58.8 | -44.6% |
| Chile | 6.7 | 16.5 | 15.6 | 26.0 | 57.1% |
| Germany | 120 | 71.1 | 45.7 | 22.8 | -42.5% |
| United Kingdom | 117 | 45.0 | 43.9 | 18.4 | -46.0% |
| Japan | 217 | 6.8 | 11.3 | 17.6 | -56.7% |
| Australia | 76.8 | 14.0 | 7.6 | 5.4 | -58.7% |
| Others | 207 | 191 | 304 | 701 | 50.2% |
| Total | 2,923 | 1,683 | 1,586 | 2,217 | -8.8% |
Top Export Markets for Hearing Aid from Hong Kong SAR in 2022:
- United States (39.1K units)
- India (30.5K units)
- Sweden (3.6K units)
- France (3.0K units)
- Japan (2.1K units)
- China (2.1K units)
- United Kingdom (2.0K units)
- Chile (1.4K units)
- Germany (0.9K units)
- Australia (0.2K units)
This report provides an in-depth analysis of the hearing aid market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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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