| Product Code: ETC5176148 | 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 connector import market in 2024 saw significant contributions from top exporters including Metropolitan France, Germany, Poland, Lithuania, and Denmark. Despite the diverse range of countries exporting connectors to Latvia, the market remained characterized by low concentration, as indicated by the Herfindahl-Hirschman Index (HHI). The market showed steady growth with a Compound Annual Growth Rate (CAGR) of 4.87% from 2020 to 2024, although there was a slight decline in the growth rate from 2023 to 2024 at -2.81%. This data suggests a stable and competitive landscape for connector imports in Latvia.

Latvia's Connector market is anticipated to experience a growing growth rate of 6.54% 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 Connector Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Connector Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Connector Market - Industry Life Cycle |
3.4 Latvia Connector Market - Porter's Five Forces |
3.5 Latvia Connector Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Connector Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Connector Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and automotive applications |
4.2.2 Growing adoption of automation and IoT technologies |
4.2.3 Government initiatives to support the manufacturing sector in Latvia |
4.3 Market Restraints |
4.3.1 Economic uncertainties and fluctuating raw material prices |
4.3.2 Intense competition from global connector manufacturers |
4.3.3 Impact of trade tariffs and geopolitical factors on import/export activities |
5 Latvia Connector Market Trends |
6 Latvia Connector Market Segmentations |
6.1 Latvia Connector Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Connector Market Revenues & Volume, By PCB Connectors, 2021-2031F |
6.1.3 Latvia Connector Market Revenues & Volume, By IO Connectors, 2021-2031F |
6.1.4 Latvia Connector Market Revenues & Volume, By Circular Connectors, 2021-2031F |
6.1.5 Latvia Connector Market Revenues & Volume, By Fiber Optic Connectors, 2021-2031F |
6.1.6 Latvia Connector Market Revenues & Volume, By RF Coaxial Connectors, 2021-2031F |
6.1.7 Latvia Connector Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Connector Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Connector Market Revenues & Volume, By Telecom, 2021-2031F |
6.2.3 Latvia Connector Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.4 Latvia Connector Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.5 Latvia Connector Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.6 Latvia Connector Market Revenues & Volume, By Computer & Peripherals, 2021-2031F |
6.2.7 Latvia Connector Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Connector Market Import-Export Trade Statistics |
7.1 Latvia Connector Market Export to Major Countries |
7.2 Latvia Connector Market Imports from Major Countries |
8 Latvia Connector Market Key Performance Indicators |
8.1 Percentage of RD investment in developing innovative connector solutions |
8.2 Number of partnerships and collaborations with key industry players |
8.3 Rate of adoption of advanced manufacturing technologies in the production process |
9 Latvia Connector Market - Opportunity Assessment |
9.1 Latvia Connector Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Connector Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Connector Market - Competitive Landscape |
10.1 Latvia Connector Market Revenue Share, By Companies, 2024 |
10.2 Latvia Connector 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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