| Product Code: ETC7903933 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s agricultural and forestry machinery import market continues to be dominated by top exporting countries such as Finland, Sweden, Germany, Estonia, and Lithuania in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with limited competition. Despite the impressive compound annual growth rate (CAGR) of 34.58% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -6.76%. This data suggests a stable yet competitive market environment for agricultural and forestry machinery imports in Latvia.

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 Agricultural & Forestry Machinery Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Agricultural & Forestry Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Agricultural & Forestry Machinery Market - Industry Life Cycle |
3.4 Latvia Agricultural & Forestry Machinery Market - Porter's Five Forces |
3.5 Latvia Agricultural & Forestry Machinery Market Revenues & Volume Share, By Machinery Type, 2021 & 2031F |
4 Latvia Agricultural & Forestry Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced agricultural machinery to improve efficiency and productivity |
4.2.2 Government initiatives to support modernization of agricultural and forestry sectors |
4.2.3 Growing focus on sustainable farming practices leading to adoption of specialized machinery |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing agricultural and forestry machinery |
4.3.2 Limited access to financing options for small and medium-sized farmers |
4.3.3 Seasonal nature of agricultural activities impacting demand for machinery |
5 Latvia Agricultural & Forestry Machinery Market Trends |
6 Latvia Agricultural & Forestry Machinery Market, By Types |
6.1 Latvia Agricultural & Forestry Machinery Market, By Machinery Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Agricultural & Forestry Machinery Market Revenues & Volume, By Machinery Type, 2021- 2031F |
6.1.3 Latvia Agricultural & Forestry Machinery Market Revenues & Volume, By Agricultural Machines, 2021- 2031F |
6.1.4 Latvia Agricultural & Forestry Machinery Market Revenues & Volume, By Forestry Machines, 2021- 2031F |
7 Latvia Agricultural & Forestry Machinery Market Import-Export Trade Statistics |
7.1 Latvia Agricultural & Forestry Machinery Market Export to Major Countries |
7.2 Latvia Agricultural & Forestry Machinery Market Imports from Major Countries |
8 Latvia Agricultural & Forestry Machinery Market Key Performance Indicators |
8.1 Adoption rate of precision farming technologies |
8.2 Utilization rate of agricultural and forestry machinery |
8.3 Average age of machinery in use |
9 Latvia Agricultural & Forestry Machinery Market - Opportunity Assessment |
9.1 Latvia Agricultural & Forestry Machinery Market Opportunity Assessment, By Machinery Type, 2021 & 2031F |
10 Latvia Agricultural & Forestry Machinery Market - Competitive Landscape |
10.1 Latvia Agricultural & Forestry Machinery Market Revenue Share, By Companies, 2024 |
10.2 Latvia Agricultural & Forestry Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |