| Product Code: ETC12213685 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia continued to witness a diverse range of fram imports, with top exporting countries including Germany, Poland, Lithuania, China, and Estonia. Despite the presence of key players, the market remained relatively fragmented, as indicated by the low Herfindahl-Hirschman Index (HHI) concentration. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at a modest 0.23%, reflecting stable growth trends. However, there was a notable decline in growth rate from 2023 to 2024, with a decrease of -14.14%, suggesting a potential shift in market dynamics or external factors influencing the industry.

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 FRAM Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia FRAM Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia FRAM Market - Industry Life Cycle |
3.4 Latvia FRAM Market - Porter's Five Forces |
3.5 Latvia FRAM Market Revenues & Volume Share, By Memory Type, 2021 & 2031F |
3.6 Latvia FRAM Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia FRAM Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia FRAM Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.9 Latvia FRAM Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia FRAM Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia FRAM Market Trends |
6 Latvia FRAM Market, By Types |
6.1 Latvia FRAM Market, By Memory Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia FRAM Market Revenues & Volume, By Memory Type, 2021 - 2031F |
6.1.3 Latvia FRAM Market Revenues & Volume, By Non-Volatile Memory, 2021 - 2031F |
6.1.4 Latvia FRAM Market Revenues & Volume, By Ferroelectric RAM, 2021 - 2031F |
6.1.5 Latvia FRAM Market Revenues & Volume, By Field RAM, 2021 - 2031F |
6.1.6 Latvia FRAM Market Revenues & Volume, By Embedded FRAM, 2021 - 2031F |
6.2 Latvia FRAM Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia FRAM Market Revenues & Volume, By Embedded Systems, 2021 - 2031F |
6.2.3 Latvia FRAM Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.2.4 Latvia FRAM Market Revenues & Volume, By Industrial Equipment, 2021 - 2031F |
6.2.5 Latvia FRAM Market Revenues & Volume, By IoT Devices, 2021 - 2031F |
6.3 Latvia FRAM Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia FRAM Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 Latvia FRAM Market Revenues & Volume, By Mobile Devices, 2021 - 2031F |
6.3.4 Latvia FRAM Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.5 Latvia FRAM Market Revenues & Volume, By Smart Wearables, 2021 - 2031F |
6.4 Latvia FRAM Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Latvia FRAM Market Revenues & Volume, By Low Capacity, 2021 - 2031F |
6.4.3 Latvia FRAM Market Revenues & Volume, By Medium Capacity, 2021 - 2031F |
6.4.4 Latvia FRAM Market Revenues & Volume, By High Capacity, 2021 - 2031F |
6.4.5 Latvia FRAM Market Revenues & Volume, By Ultra-Low Power, 2021 - 2031F |
6.5 Latvia FRAM Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Latvia FRAM Market Revenues & Volume, By Embedded, 2021 - 2031F |
6.5.3 Latvia FRAM Market Revenues & Volume, By High-Speed, 2021 - 2031F |
6.5.4 Latvia FRAM Market Revenues & Volume, By Energy-Efficient, 2021 - 2031F |
6.5.5 Latvia FRAM Market Revenues & Volume, By Wearable Tech, 2021 - 2031F |
7 Latvia FRAM Market Import-Export Trade Statistics |
7.1 Latvia FRAM Market Export to Major Countries |
7.2 Latvia FRAM Market Imports from Major Countries |
8 Latvia FRAM Market Key Performance Indicators |
9 Latvia FRAM Market - Opportunity Assessment |
9.1 Latvia FRAM Market Opportunity Assessment, By Memory Type, 2021 & 2031F |
9.2 Latvia FRAM Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia FRAM Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia FRAM Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.5 Latvia FRAM Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia FRAM Market - Competitive Landscape |
10.1 Latvia FRAM Market Revenue Share, By Companies, 2024 |
10.2 Latvia FRAM 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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