| Product Code: ETC4902035 | 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 |
The books import market in Latvia continued to show strong growth in 2024, with top exporting countries being Russia, Estonia, Poland, Metropolitan France, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 15.18% from 2020 to 2024 highlights sustained expansion. Although the growth rate slightly slowed to 1.73% in 2024 compared to the previous year, the overall trend suggests a promising outlook for the books import industry in Latvia.

Latvia's Books market is anticipated to experience a stable growth rate of 0.46% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Books Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Books Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Books Market - Industry Life Cycle |
3.4 Latvia Books Market - Porter's Five Forces |
3.5 Latvia Books Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Books Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Latvia Books Market Revenues & Volume Share, By Format, 2021 & 2031F |
4 Latvia Books Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing literacy rates in Latvia |
4.2.2 Growing popularity of local authors and literature |
4.2.3 Rising demand for e-books and digital reading platforms |
4.3 Market Restraints |
4.3.1 Competition from online retailers and e-commerce platforms |
4.3.2 Economic downturn impacting consumer spending on books |
4.3.3 Language barrier for international books to penetrate the market |
5 Latvia Books Market Trends |
6 Latvia Books Market Segmentations |
6.1 Latvia Books Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Books Market Revenues & Volume, By Science, 2021-2031F |
6.1.3 Latvia Books Market Revenues & Volume, By Historical, 2021-2031F |
6.1.4 Latvia Books Market Revenues & Volume, By Mystery, 2021-2031F |
6.1.5 Latvia Books Market Revenues & Volume, By Fantasy, 2021-2031F |
6.1.6 Latvia Books Market Revenues & Volume, By Literary, 2021-2031F |
6.1.7 Latvia Books Market Revenues & Volume, By Others (Classic, Biographies) , 2021-2031F |
6.2 Latvia Books Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Books Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Latvia Books Market Revenues & Volume, By Local Book Shops, 2021-2031F |
6.2.4 Latvia Books Market Revenues & Volume, By Retail Shops, 2021-2031F |
6.2.5 Latvia Books Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.3 Latvia Books Market, By Format |
6.3.1 Overview and Analysis |
6.3.2 Latvia Books Market Revenues & Volume, By Hard Copy, 2021-2031F |
6.3.3 Latvia Books Market Revenues & Volume, By E-Book, 2021-2031F |
6.3.4 Latvia Books Market Revenues & Volume, By Audiobooks, 2021-2031F |
7 Latvia Books Market Import-Export Trade Statistics |
7.1 Latvia Books Market Export to Major Countries |
7.2 Latvia Books Market Imports from Major Countries |
8 Latvia Books Market Key Performance Indicators |
8.1 Average time spent reading per capita in Latvia |
8.2 Number of new book releases by local authors |
8.3 Adoption rate of e-books and digital reading platforms in Latvia |
9 Latvia Books Market - Opportunity Assessment |
9.1 Latvia Books Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Books Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Latvia Books Market Opportunity Assessment, By Format, 2021 & 2031F |
10 Latvia Books Market - Competitive Landscape |
10.1 Latvia Books Market Revenue Share, By Companies, 2024 |
10.2 Latvia Books 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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