| Product Code: ETC5111776 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s cards import market continued to be dominated by top exporters such as Poland, Estonia, Russia, Netherlands, and China in 2024, reflecting a high level of concentration. Despite a decrease in growth rate from 2023 to 2024, the market still saw a strong compound annual growth rate (CAGR) of 16.68% from 2020 to 2024. The high concentration in 2023 persisted into 2024, indicating a competitive landscape and potential challenges for market entry and expansion. Monitoring shifts in export dynamics and market trends will be crucial for stakeholders in the Latvia cards import industry.
Latvia's Cards market is anticipated to experience a stable growth rate of 4.06% 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 Cards Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cards Market - Industry Life Cycle |
3.4 Latvia Cards Market - Porter's Five Forces |
3.5 Latvia Cards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Cards Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Latvia Cards Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment methods in Latvia |
4.2.2 Government initiatives promoting cashless transactions |
4.2.3 Growing e-commerce market in Latvia |
4.3 Market Restraints |
4.3.1 High levels of competition among card issuers |
4.3.2 Regulatory challenges impacting card market growth |
5 Latvia Cards Market Trends |
6 Latvia Cards Market Segmentations |
6.1 Latvia Cards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cards Market Revenues & Volume, By General Purpose, 2021-2031F |
6.1.3 Latvia Cards Market Revenues & Volume, By Private Label, 2021-2031F |
6.2 Latvia Cards Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cards Market Revenues & Volume, By General Purpose Re-Loadable Card, 2021-2031F |
6.2.3 Latvia Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.2.4 Latvia Cards Market Revenues & Volume, By Payroll Card, 2021-2031F |
6.2.5 Latvia Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Cards Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cards Market Revenues & Volume, By Retail Establishments, 2021-2031F |
6.3.3 Latvia Cards Market Revenues & Volume, By Corporate Institutions, 2021-2031F |
6.3.4 Latvia Cards Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Latvia Cards Market Revenues & Volume, By Financial Institutions, 2021-2031F |
6.3.6 Latvia Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Cards Market Import-Export Trade Statistics |
7.1 Latvia Cards Market Export to Major Countries |
7.2 Latvia Cards Market Imports from Major Countries |
8 Latvia Cards Market Key Performance Indicators |
8.1 Average transaction value per card |
8.2 Number of contactless card transactions |
8.3 Percentage of population with access to banking services |
9 Latvia Cards Market - Opportunity Assessment |
9.1 Latvia Cards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Cards Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Latvia Cards Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Cards Market - Competitive Landscape |
10.1 Latvia Cards Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |