| Product Code: ETC7909615 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant increase in diving compressor import shipments, with top exporters being Germany, Denmark, Poland, Estonia, and Italy. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). Despite a negative CAGR from 2020 to 2024, the growth rate spiked by 141.37% from 2023 to 2024, indicating a potential rebound in the industry. The influx of imports from diverse European countries highlights Latvia`s reliance on international markets for diving compressor supplies.

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 Diving Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Diving Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Diving Compressor Market - Industry Life Cycle |
3.4 Latvia Diving Compressor Market - Porter's Five Forces |
3.5 Latvia Diving Compressor Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Diving Compressor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Diving Compressor Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Diving Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of water sports and recreational diving activities in Latvia |
4.2.2 Growing awareness about the importance of equipment maintenance and safety in diving |
4.2.3 Government initiatives promoting tourism and underwater activities in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment cost for purchasing diving compressors |
4.3.2 Limited availability of skilled technicians for compressor maintenance and repairs |
4.3.3 Seasonal fluctuations in demand for diving equipment due to weather conditions |
5 Latvia Diving Compressor Market Trends |
6 Latvia Diving Compressor Market, By Types |
6.1 Latvia Diving Compressor Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Diving Compressor Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Diving Compressor Market Revenues & Volume, By Mobile, 2021- 2031F |
6.1.4 Latvia Diving Compressor Market Revenues & Volume, By Stationary, 2021- 2031F |
6.2 Latvia Diving Compressor Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Diving Compressor Market Revenues & Volume, By Fishing, 2021- 2031F |
6.2.3 Latvia Diving Compressor Market Revenues & Volume, By Rescue, 2021- 2031F |
6.2.4 Latvia Diving Compressor Market Revenues & Volume, By Sports, 2021- 2031F |
6.2.5 Latvia Diving Compressor Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Diving Compressor Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Diving Compressor Market Revenues & Volume, By Volume Compressor, 2021- 2031F |
6.3.3 Latvia Diving Compressor Market Revenues & Volume, By Speed Compressor, 2021- 2031F |
7 Latvia Diving Compressor Market Import-Export Trade Statistics |
7.1 Latvia Diving Compressor Market Export to Major Countries |
7.2 Latvia Diving Compressor Market Imports from Major Countries |
8 Latvia Diving Compressor Market Key Performance Indicators |
8.1 Average utilization rate of diving compressors in Latvia |
8.2 Number of diving certifications issued annually in Latvia |
8.3 Percentage of diving operators conducting regular maintenance of compressors |
8.4 Average response time for compressor repairs requested by diving operators |
9 Latvia Diving Compressor Market - Opportunity Assessment |
9.1 Latvia Diving Compressor Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Diving Compressor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Diving Compressor Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Diving Compressor Market - Competitive Landscape |
10.1 Latvia Diving Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Diving Compressor 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