| Product Code: ETC5118293 | 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 |
In 2024, Latvia continued to rely on imports of electrolytic capacitors, with top suppliers being Germany, China, Metropolitan France, South Korea, and Estonia. Despite a negative CAGR of -2.02% from 2020 to 2024 and a steep decline in growth rate of -22.66% from 2023 to 2024, the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). This indicates a competitive landscape dominated by a few key players, highlighting potential challenges and opportunities for market participants in the coming 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 Electrolytic Capacitor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electrolytic Capacitor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electrolytic Capacitor Market - Industry Life Cycle |
3.4 Latvia Electrolytic Capacitor Market - Porter's Five Forces |
3.5 Latvia Electrolytic Capacitor Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Electrolytic Capacitor Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Electrolytic Capacitor Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Electrolytic Capacitor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and equipment in Latvia |
4.2.2 Technological advancements in electrolytic capacitors leading to improved performance |
4.2.3 Growing focus on renewable energy sources driving the need for capacitors in related applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs |
4.3.2 Competition from alternative capacitor technologies like ceramic capacitors |
4.3.3 Regulatory challenges related to environmental standards and disposal of electronic waste |
5 Latvia Electrolytic Capacitor Market Trends |
6 Latvia Electrolytic Capacitor Market Segmentations |
6.1 Latvia Electrolytic Capacitor Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electrolytic Capacitor Market Revenues & Volume, By Non-solid Electrolytic Capacitor, 2021-2031F |
6.1.3 Latvia Electrolytic Capacitor Market Revenues & Volume, By Solid Electrolytic Capacitor, 2021-2031F |
6.2 Latvia Electrolytic Capacitor Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electrolytic Capacitor Market Revenues & Volume, By Tantalum, 2021-2031F |
6.2.3 Latvia Electrolytic Capacitor Market Revenues & Volume, By Aluminum, 2021-2031F |
6.3 Latvia Electrolytic Capacitor Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electrolytic Capacitor Market Revenues & Volume, By Consumer Electronic, 2021-2031F |
6.3.3 Latvia Electrolytic Capacitor Market Revenues & Volume, By Industrial Electronic, 2021-2031F |
6.3.4 Latvia Electrolytic Capacitor Market Revenues & Volume, By Computer & Peripherals, 2021-2031F |
6.3.5 Latvia Electrolytic Capacitor Market Revenues & Volume, By Telecommunication Industry, 2021-2031F |
6.3.6 Latvia Electrolytic Capacitor Market Revenues & Volume, By Automotive, 2021-2031F |
7 Latvia Electrolytic Capacitor Market Import-Export Trade Statistics |
7.1 Latvia Electrolytic Capacitor Market Export to Major Countries |
7.2 Latvia Electrolytic Capacitor Market Imports from Major Countries |
8 Latvia Electrolytic Capacitor Market Key Performance Indicators |
8.1 Average selling price (ASP) of electrolytic capacitors in Latvia |
8.2 Adoption rate of new electrolytic capacitor technologies in the market |
8.3 Investment in research and development for electrolytic capacitor innovations |
9 Latvia Electrolytic Capacitor Market - Opportunity Assessment |
9.1 Latvia Electrolytic Capacitor Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Electrolytic Capacitor Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Electrolytic Capacitor Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Electrolytic Capacitor Market - Competitive Landscape |
10.1 Latvia Electrolytic Capacitor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electrolytic Capacitor 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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