| Product Code: ETC4888070 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a significant influx of precious metals imports, with top exporting countries being Poland, Sweden, Italy, USA, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a moderate compound annual growth rate (CAGR) of 2.23% from 2020-2024, there was a notable decline in the growth rate from 2023-2024 at -14.79%. This data suggests potential shifts in market dynamics and challenges that importers and stakeholders in the precious metals industry in Latvia may need to address.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Precious Metals Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Precious Metals Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Precious Metals Market - Industry Life Cycle |
3.4 Latvia Precious Metals Market - Porter's Five Forces |
3.5 Latvia Precious Metals Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Precious Metals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Precious Metals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precious metals as safe haven assets during economic uncertainties |
4.2.2 Growth in jewelry and luxury goods industry driving demand for precious metals |
4.2.3 Rising investments in precious metals as a hedge against inflation and currency devaluation |
4.3 Market Restraints |
4.3.1 Volatility in precious metals prices impacting consumer and investor confidence |
4.3.2 Regulatory changes affecting import/export of precious metals in Latvia |
4.3.3 Competition from alternative investments like cryptocurrencies impacting demand for precious metals |
5 Latvia Precious Metals Market Trends |
6 Latvia Precious Metals Market Segmentations |
6.1 Latvia Precious Metals Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Precious Metals Market Revenues & Volume, By Gold, 2021-2031F |
6.1.3 Latvia Precious Metals Market Revenues & Volume, By Silver, 2021-2031F |
6.1.4 Latvia Precious Metals Market Revenues & Volume, By Platinum Group Metals (PGM), 2021-2031F |
6.2 Latvia Precious Metals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Precious Metals Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.3 Latvia Precious Metals Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Latvia Precious Metals Market Revenues & Volume, By Investment, 2021-2031F |
7 Latvia Precious Metals Market Import-Export Trade Statistics |
7.1 Latvia Precious Metals Market Export to Major Countries |
7.2 Latvia Precious Metals Market Imports from Major Countries |
8 Latvia Precious Metals Market Key Performance Indicators |
8.1 Average transaction value in the Latvia precious metals market |
8.2 Number of new investors entering the precious metals market in Latvia |
8.3 Price volatility index of precious metals in the global market |
9 Latvia Precious Metals Market - Opportunity Assessment |
9.1 Latvia Precious Metals Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Precious Metals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Precious Metals Market - Competitive Landscape |
10.1 Latvia Precious Metals Market Revenue Share, By Companies, 2024 |
10.2 Latvia Precious Metals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |