| Product Code: ETC12137461 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s external storage import shipments in 2024 saw a diverse range of top exporting countries, including Thailand, Netherlands, Czechia, Poland, and Italy. The market exhibited low concentration levels, transitioning from very low in 2023 to low in 2024. However, the industry experienced a decline in both the compound annual growth rate (CAGR) from 2020 to 2024 at -12.66% and the growth rate from 2023 to 2024 at -23.11%. These figures indicate a challenging environment for external storage imports in Latvia, pointing towards potential shifts in market dynamics and demand patterns.

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 External Storage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia External Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia External Storage Market - Industry Life Cycle |
3.4 Latvia External Storage Market - Porter's Five Forces |
3.5 Latvia External Storage Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia External Storage Market Revenues & Volume Share, By Storage Capacity, 2021 & 2031F |
3.7 Latvia External Storage Market Revenues & Volume Share, By Interface Type, 2021 & 2031F |
3.8 Latvia External Storage Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia External Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia External Storage Market Trends |
6 Latvia External Storage Market, By Types |
6.1 Latvia External Storage Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia External Storage Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia External Storage Market Revenues & Volume, By USB Flash Drives, 2021 - 2031F |
6.1.4 Latvia External Storage Market Revenues & Volume, By External SSDs, 2021 - 2031F |
6.1.5 Latvia External Storage Market Revenues & Volume, By External Hard Drives, 2021 - 2031F |
6.1.6 Latvia External Storage Market Revenues & Volume, By Wireless External Storage, 2021 - 2031F |
6.2 Latvia External Storage Market, By Storage Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia External Storage Market Revenues & Volume, By 8GB to 2TB, 2021 - 2031F |
6.2.3 Latvia External Storage Market Revenues & Volume, By 120GB to 4TB, 2021 - 2031F |
6.2.4 Latvia External Storage Market Revenues & Volume, By 500GB to 10TB, 2021 - 2031F |
6.2.5 Latvia External Storage Market Revenues & Volume, By 500GB to 2TB, 2021 - 2031F |
6.3 Latvia External Storage Market, By Interface Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia External Storage Market Revenues & Volume, By USB 2.0 and 3.0, 2021 - 2031F |
6.3.3 Latvia External Storage Market Revenues & Volume, By Thunderbolt, 2021 - 2031F |
6.3.4 Latvia External Storage Market Revenues & Volume, By USB 3.0 and eSATA, 2021 - 2031F |
6.3.5 Latvia External Storage Market Revenues & Volume, By Wi-Fi or Bluetooth, 2021 - 2031F |
6.4 Latvia External Storage Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia External Storage Market Revenues & Volume, By Individuals and Students, 2021 - 2031F |
6.4.3 Latvia External Storage Market Revenues & Volume, By Gamers and Creative Professionals, 2021 - 2031F |
6.4.4 Latvia External Storage Market Revenues & Volume, By Small Businesses and Professionals, 2021 - 2031F |
6.4.5 Latvia External Storage Market Revenues & Volume, By Home Users and Mobile Professionals, 2021 - 2031F |
7 Latvia External Storage Market Import-Export Trade Statistics |
7.1 Latvia External Storage Market Export to Major Countries |
7.2 Latvia External Storage Market Imports from Major Countries |
8 Latvia External Storage Market Key Performance Indicators |
9 Latvia External Storage Market - Opportunity Assessment |
9.1 Latvia External Storage Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia External Storage Market Opportunity Assessment, By Storage Capacity, 2021 & 2031F |
9.3 Latvia External Storage Market Opportunity Assessment, By Interface Type, 2021 & 2031F |
9.4 Latvia External Storage Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia External Storage Market - Competitive Landscape |
10.1 Latvia External Storage Market Revenue Share, By Companies, 2024 |
10.2 Latvia External Storage 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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