| Product Code: ETC5875709 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a significant increase in the import of EV charging cables, with top exporting countries being China, Germany, Lithuania, Poland, and Estonia. The market remained competitive with low concentration levels, indicating a diverse range of suppliers. The impressive compound annual growth rate (CAGR) of 16.39% from 2020 to 2024 reflects the growing demand for electric vehicles and associated charging infrastructure. Additionally, the growth rate of 23.16% in 2024 highlights the accelerating pace of adoption in the country, signaling a promising outlook for the EV charging cable 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 EV Charging Cables Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia EV Charging Cables Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia EV Charging Cables Market - Industry Life Cycle |
3.4 Latvia EV Charging Cables Market - Porter's Five Forces |
3.5 Latvia EV Charging Cables Market Revenues & Volume Share, By Power Supply, 2021 & 2031F |
3.6 Latvia EV Charging Cables Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia EV Charging Cables Market Revenues & Volume Share, By Length, 2021 & 2031F |
4 Latvia EV Charging Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of electric vehicles in Latvia |
4.2.2 Government incentives and initiatives to promote electric vehicle usage |
4.2.3 Growing infrastructure for electric vehicle charging stations |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicle charging cables |
4.3.2 Lack of standardization in charging cable connectors |
4.3.3 Limited public awareness about the benefits of electric vehicles and charging infrastructure |
5 Latvia EV Charging Cables Market Trends |
6 Latvia EV Charging Cables Market Segmentations |
6.1 Latvia EV Charging Cables Market, By Power Supply |
6.1.1 Overview and Analysis |
6.1.2 Latvia EV Charging Cables Market Revenues & Volume, By AC , 2021-2031F |
6.1.3 Latvia EV Charging Cables Market Revenues & Volume, By DC, 2021-2031F |
6.2 Latvia EV Charging Cables Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia EV Charging Cables Market Revenues & Volume, By Private Charging , 2021-2031F |
6.2.3 Latvia EV Charging Cables Market Revenues & Volume, By Public Charging, 2021-2031F |
6.3 Latvia EV Charging Cables Market, By Length |
6.3.1 Overview and Analysis |
6.3.2 Latvia EV Charging Cables Market Revenues & Volume, By 2-5 Meters, 2021-2031F |
6.3.3 Latvia EV Charging Cables Market Revenues & Volume, By 6-10 Meters, 2021-2031F |
6.3.4 Latvia EV Charging Cables Market Revenues & Volume, By >10 Meters, 2021-2031F |
7 Latvia EV Charging Cables Market Import-Export Trade Statistics |
7.1 Latvia EV Charging Cables Market Export to Major Countries |
7.2 Latvia EV Charging Cables Market Imports from Major Countries |
8 Latvia EV Charging Cables Market Key Performance Indicators |
8.1 Average charging time for electric vehicles in Latvia |
8.2 Number of public charging stations in Latvia |
8.3 Percentage increase in electric vehicle registrations in Latvia |
9 Latvia EV Charging Cables Market - Opportunity Assessment |
9.1 Latvia EV Charging Cables Market Opportunity Assessment, By Power Supply, 2021 & 2031F |
9.2 Latvia EV Charging Cables Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia EV Charging Cables Market Opportunity Assessment, By Length, 2021 & 2031F |
10 Latvia EV Charging Cables Market - Competitive Landscape |
10.1 Latvia EV Charging Cables Market Revenue Share, By Companies, 2024 |
10.2 Latvia EV Charging Cables 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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