| Product Code: ETC11618101 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia saw a shift in its cold chain data loggers import landscape, with top exporters being the USA, China, Germany, Lithuania, and Poland. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), decreased from moderate to low in 2024, indicating a more diverse import market. Despite a negative growth rate of -15.61% from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained positive at 8.43%, pointing to overall steady growth in the industry over the past few years.

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 Cold Chain Data Loggers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cold Chain Data Loggers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cold Chain Data Loggers Market - Industry Life Cycle |
3.4 Latvia Cold Chain Data Loggers Market - Porter's Five Forces |
3.5 Latvia Cold Chain Data Loggers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Cold Chain Data Loggers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cold Chain Data Loggers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for cold chain logistics in Latvia |
4.2.2 Increasing focus on food safety regulations and compliance |
4.2.3 Expansion of pharmaceutical and healthcare industries in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing cold chain data loggers |
4.3.2 Lack of awareness and technical expertise among end-users |
4.3.3 Limited infrastructure for cold chain storage and transportation |
5 Latvia Cold Chain Data Loggers Market Trends |
6 Latvia Cold Chain Data Loggers Market, By Types |
6.1 Latvia Cold Chain Data Loggers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Offline Data Loggers, 2021 - 2031F |
6.1.4 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Cellular Connected Data Loggers, 2021 - 2031F |
6.1.5 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Wireless Connected Data Loggers, 2021 - 2031F |
6.2 Latvia Cold Chain Data Loggers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.2.3 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Pharma & Healthcare, 2021 - 2031F |
6.2.4 Latvia Cold Chain Data Loggers Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Cold Chain Data Loggers Market Import-Export Trade Statistics |
7.1 Latvia Cold Chain Data Loggers Market Export to Major Countries |
7.2 Latvia Cold Chain Data Loggers Market Imports from Major Countries |
8 Latvia Cold Chain Data Loggers Market Key Performance Indicators |
8.1 Percentage of companies in Latvia using cold chain data loggers |
8.2 Number of partnerships between cold chain data logger providers and key industries |
8.3 Rate of adoption of IoT-enabled cold chain data loggers in the market |
9 Latvia Cold Chain Data Loggers Market - Opportunity Assessment |
9.1 Latvia Cold Chain Data Loggers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Cold Chain Data Loggers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cold Chain Data Loggers Market - Competitive Landscape |
10.1 Latvia Cold Chain Data Loggers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cold Chain Data Loggers 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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