| Product Code: ETC7906576 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s bus import market is showing strong growth, with a notable 69.7% increase in shipments from 2023 to 2024. The top exporting countries to Latvia in 2024 include Turkey, Czechia, Lithuania, Germany, and Spain, indicating a diverse range of sources for these imports. Despite the high concentration of market share, the Compound Annual Growth Rate (CAGR) of 17.0% from 2020 to 2024 suggests a promising outlook for the bus import industry in Latvia, reflecting increased demand and opportunities for market expansion.

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 Buses Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Buses Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Buses Market - Industry Life Cycle |
3.4 Latvia Buses Market - Porter's Five Forces |
3.5 Latvia Buses Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
4 Latvia Buses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Buses Market Trends |
6 Latvia Buses Market, By Types |
6.1 Latvia Buses Market, By Distribution |
6.1.1 Overview and Analysis |
6.1.2 Latvia Buses Market Revenues & Volume, By Distribution, 2021- 2031F |
6.1.3 Latvia Buses Market Revenues & Volume, By Online, 2021- 2031F |
6.1.4 Latvia Buses Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Buses Market Import-Export Trade Statistics |
7.1 Latvia Buses Market Export to Major Countries |
7.2 Latvia Buses Market Imports from Major Countries |
8 Latvia Buses Market Key Performance Indicators |
9 Latvia Buses Market - Opportunity Assessment |
9.1 Latvia Buses Market Opportunity Assessment, By Distribution, 2021 & 2031F |
10 Latvia Buses Market - Competitive Landscape |
10.1 Latvia Buses Market Revenue Share, By Companies, 2024 |
10.2 Latvia Buses 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.
To discover high-growth global markets and optimize your business strategy:
Click Here