| Product Code: ETC5112308 | 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 |
Latvia`s chip resistor import shipments in 2024 were dominated by Metropolitan France, Netherlands, Germany, Estonia, and Poland. The market witnessed a significant increase in concentration levels, with a very high Herfindahl-Hirschman Index (HHI) in 2024 compared to 2023. The compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 60.89%, indicating a thriving market. Moreover, the growth rate from 2023 to 2024 was robust at 54.97%, showcasing continued momentum in chip resistor imports to Latvia.

Latvia's Chip Resistor 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 Chip Resistor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Chip Resistor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Chip Resistor Market - Industry Life Cycle |
3.4 Latvia Chip Resistor Market - Porter's Five Forces |
3.5 Latvia Chip Resistor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Chip Resistor Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Chip Resistor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances in Latvia |
4.2.2 Growing emphasis on miniaturization of electronic components |
4.2.3 Adoption of advanced technologies in automotive and industrial sectors |
4.3 Market Restraints |
4.3.1 Intense competition from global chip resistor manufacturers |
4.3.2 Fluctuations in raw material prices affecting production costs |
4.3.3 Regulatory challenges and compliance requirements impacting market entry barriers |
5 Latvia Chip Resistor Market Trends |
6 Latvia Chip Resistor Market Segmentations |
6.1 Latvia Chip Resistor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Chip Resistor Market Revenues & Volume, By Thick Film, 2021-2031F |
6.1.3 Latvia Chip Resistor Market Revenues & Volume, By Thin Film , 2021-2031F |
6.1.4 Latvia Chip Resistor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Chip Resistor Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Chip Resistor Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Latvia Chip Resistor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.4 Latvia Chip Resistor Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Latvia Chip Resistor Market Revenues & Volume, By IT & Telecommunication, 2021-2031F |
6.2.6 Latvia Chip Resistor Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Chip Resistor Market Import-Export Trade Statistics |
7.1 Latvia Chip Resistor Market Export to Major Countries |
7.2 Latvia Chip Resistor Market Imports from Major Countries |
8 Latvia Chip Resistor Market Key Performance Indicators |
8.1 Average selling price (ASP) of chip resistors in Latvia |
8.2 Number of new product launches in the chip resistor market |
8.3 Adoption rate of surface mount technology (SMT) in electronic manufacturing in Latvia |
9 Latvia Chip Resistor Market - Opportunity Assessment |
9.1 Latvia Chip Resistor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Chip Resistor Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Chip Resistor Market - Competitive Landscape |
10.1 Latvia Chip Resistor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Chip Resistor 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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