| Product Code: ETC7905009 | 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 |
In 2024, Latvia saw a shift in the automatic coffee machines import market with increased concentration among top exporting countries such as Lithuania, Estonia, Poland, Hungary, and Germany. The rise in Herfindahl-Hirschman Index (HHI) from moderate to high concentration indicates a more consolidated market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 5.72% over the period of 2020-2024 reflects steady expansion. Latvia`s import market for automatic coffee machines continues to evolve, driven by key players in the region.

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 Automatic Coffee Machines Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automatic Coffee Machines Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automatic Coffee Machines Market - Industry Life Cycle |
3.4 Latvia Automatic Coffee Machines Market - Porter's Five Forces |
3.5 Latvia Automatic Coffee Machines Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Automatic Coffee Machines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Automatic Coffee Machines Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Latvia Automatic Coffee Machines Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Automatic Coffee Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for convenience and premium coffee experience |
4.2.2 Growing demand for specialty coffee products |
4.2.3 Rising trend of home brewing and home cafes |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs of automatic coffee machines |
4.3.2 Limited awareness and penetration in certain regions of Latvia |
4.3.3 Competition from traditional coffee makers and cafes |
5 Latvia Automatic Coffee Machines Market Trends |
6 Latvia Automatic Coffee Machines Market, By Types |
6.1 Latvia Automatic Coffee Machines Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automatic Coffee Machines Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Automatic Coffee Machines Market Revenues & Volume, By Automatic espresso coffee machines, 2021- 2031F |
6.1.4 Latvia Automatic Coffee Machines Market Revenues & Volume, By Automatic capsule coffee machine, 2021- 2031F |
6.1.5 Latvia Automatic Coffee Machines Market Revenues & Volume, By Automatic bean to cup coffee machines, 2021- 2031F |
6.1.6 Latvia Automatic Coffee Machines Market Revenues & Volume, By Automatic instant coffee machines, 2021- 2031F |
6.1.7 Latvia Automatic Coffee Machines Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Automatic Coffee Machines Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automatic Coffee Machines Market Revenues & Volume, By Fully automatic coffee machine, 2021- 2031F |
6.2.3 Latvia Automatic Coffee Machines Market Revenues & Volume, By Super-automatic coffee machine, 2021- 2031F |
6.2.4 Latvia Automatic Coffee Machines Market Revenues & Volume, By Semi-automatic coffee machine, 2021- 2031F |
6.3 Latvia Automatic Coffee Machines Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automatic Coffee Machines Market Revenues & Volume, By Pump, 2021- 2031F |
6.3.3 Latvia Automatic Coffee Machines Market Revenues & Volume, By Boiler, 2021- 2031F |
6.3.4 Latvia Automatic Coffee Machines Market Revenues & Volume, By Coffee bean grinder, 2021- 2031F |
6.3.5 Latvia Automatic Coffee Machines Market Revenues & Volume, By Piston, 2021- 2031F |
6.4 Latvia Automatic Coffee Machines Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Automatic Coffee Machines Market Revenues & Volume, By Office use, 2021- 2031F |
6.4.3 Latvia Automatic Coffee Machines Market Revenues & Volume, By Commercial use, 2021- 2031F |
6.4.4 Latvia Automatic Coffee Machines Market Revenues & Volume, By Home use, 2021- 2031F |
6.4.5 Latvia Automatic Coffee Machines Market Revenues & Volume, By Coffee Caf, 2021- 2031F |
6.4.6 Latvia Automatic Coffee Machines Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Automatic Coffee Machines Market Import-Export Trade Statistics |
7.1 Latvia Automatic Coffee Machines Market Export to Major Countries |
7.2 Latvia Automatic Coffee Machines Market Imports from Major Countries |
8 Latvia Automatic Coffee Machines Market Key Performance Indicators |
8.1 Percentage increase in online searches for automatic coffee machines in Latvia |
8.2 Number of new product launches and innovations in the automatic coffee machines market |
8.3 Growth in the number of coffee subscription services or clubs offering automatic coffee machines as part of their packages |
9 Latvia Automatic Coffee Machines Market - Opportunity Assessment |
9.1 Latvia Automatic Coffee Machines Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Automatic Coffee Machines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Automatic Coffee Machines Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Latvia Automatic Coffee Machines Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Automatic Coffee Machines Market - Competitive Landscape |
10.1 Latvia Automatic Coffee Machines Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automatic Coffee Machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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