| Product Code: ETC7910241 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continues to see a significant influx of electronic gadgets from top exporting countries including Vietnam, China, Lithuania, Netherlands, and the USA. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a sharp decline with a Compound Annual Growth Rate (CAGR) of -24.91% from 2020 to 2024. However, there is a slight silver lining as the growth rate for 2023-2024 shows a modest uptick at 0.88%, hinting at potential stabilization or recovery in the electronic gadget import market in Latvia.

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 Electronic Gadget Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electronic Gadget Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electronic Gadget Market - Industry Life Cycle |
3.4 Latvia Electronic Gadget Market - Porter's Five Forces |
3.5 Latvia Electronic Gadget Market Revenues & Volume Share, By Coverage Type, 2021 & 2031F |
3.6 Latvia Electronic Gadget Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.7 Latvia Electronic Gadget Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Electronic Gadget Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Electronic Gadget Market Trends |
6 Latvia Electronic Gadget Market, By Types |
6.1 Latvia Electronic Gadget Market, By Coverage Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electronic Gadget Market Revenues & Volume, By Coverage Type, 2021- 2031F |
6.1.3 Latvia Electronic Gadget Market Revenues & Volume, By Physical Damage, 2021- 2031F |
6.1.4 Latvia Electronic Gadget Market Revenues & Volume, By Electronic Damage, 2021- 2031F |
6.1.5 Latvia Electronic Gadget Market Revenues & Volume, By Data Protection, 2021- 2031F |
6.1.6 Latvia Electronic Gadget Market Revenues & Volume, By Virus Protection, 2021- 2031F |
6.1.7 Latvia Electronic Gadget Market Revenues & Volume, By Theft Protection, 2021- 2031F |
6.2 Latvia Electronic Gadget Market, By Device Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electronic Gadget Market Revenues & Volume, By Laptops, 2021- 2031F |
6.2.3 Latvia Electronic Gadget Market Revenues & Volume, By Computers, 2021- 2031F |
6.2.4 Latvia Electronic Gadget Market Revenues & Volume, By Cameras, 2021- 2031F |
6.2.5 Latvia Electronic Gadget Market Revenues & Volume, By obile Devices, 2021- 2031F |
6.2.6 Latvia Electronic Gadget Market Revenues & Volume, By Tablets, 2021- 2031F |
6.3 Latvia Electronic Gadget Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electronic Gadget Market Revenues & Volume, By Corporate, 2021- 2031F |
6.3.3 Latvia Electronic Gadget Market Revenues & Volume, By Individual, 2021- 2031F |
7 Latvia Electronic Gadget Market Import-Export Trade Statistics |
7.1 Latvia Electronic Gadget Market Export to Major Countries |
7.2 Latvia Electronic Gadget Market Imports from Major Countries |
8 Latvia Electronic Gadget Market Key Performance Indicators |
9 Latvia Electronic Gadget Market - Opportunity Assessment |
9.1 Latvia Electronic Gadget Market Opportunity Assessment, By Coverage Type, 2021 & 2031F |
9.2 Latvia Electronic Gadget Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.3 Latvia Electronic Gadget Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Electronic Gadget Market - Competitive Landscape |
10.1 Latvia Electronic Gadget Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electronic Gadget 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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