| Product Code: ETC12430837 | 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 see a significant influx of interchangeable lens imports, with top suppliers including Germany, Israel, Sweden, Netherlands, and China. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 stood at an impressive 24.25%, reflecting a strong and steady expansion in the market for interchangeable lenses 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 Interchangeable Lens Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Interchangeable Lens Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Interchangeable Lens Market - Industry Life Cycle |
3.4 Latvia Interchangeable Lens Market - Porter's Five Forces |
3.5 Latvia Interchangeable Lens Market Revenues & Volume Share, By Lens Type, 2021 & 2031F |
3.6 Latvia Interchangeable Lens Market Revenues & Volume Share, By Camera Mount, 2021 & 2031F |
3.7 Latvia Interchangeable Lens Market Revenues & Volume Share, By Aperture Range, 2021 & 2031F |
3.8 Latvia Interchangeable Lens Market Revenues & Volume Share, By Image Stabilization, 2021 & 2031F |
3.9 Latvia Interchangeable Lens Market Revenues & Volume Share, By Autofocus System, 2021 & 2031F |
4 Latvia Interchangeable Lens Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality photography equipment among hobbyists and professionals in Latvia. |
4.2.2 Technological advancements leading to the development of innovative interchangeable lens products. |
4.2.3 Growing popularity of social media platforms driving the need for better photography equipment. |
4.3 Market Restraints |
4.3.1 High initial cost associated with interchangeable lens cameras and lenses may limit market penetration. |
4.3.2 Limited awareness and knowledge about interchangeable lens systems among the general population in Latvia. |
4.3.3 Competition from smartphones with advanced camera capabilities impacting the standalone interchangeable lens market. |
5 Latvia Interchangeable Lens Market Trends |
6 Latvia Interchangeable Lens Market, By Types |
6.1 Latvia Interchangeable Lens Market, By Lens Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Interchangeable Lens Market Revenues & Volume, By Lens Type, 2021 - 2031F |
6.1.3 Latvia Interchangeable Lens Market Revenues & Volume, By Wide Angle Lenses, 2021 - 2031F |
6.1.4 Latvia Interchangeable Lens Market Revenues & Volume, By Telephoto Lenses, 2021 - 2031F |
6.1.5 Latvia Interchangeable Lens Market Revenues & Volume, By Macro Lenses, 2021 - 2031F |
6.1.6 Latvia Interchangeable Lens Market Revenues & Volume, By Zoom Lenses, 2021 - 2031F |
6.1.7 Latvia Interchangeable Lens Market Revenues & Volume, By Fisheye Lenses, 2021 - 2031F |
6.2 Latvia Interchangeable Lens Market, By Camera Mount |
6.2.1 Overview and Analysis |
6.2.2 Latvia Interchangeable Lens Market Revenues & Volume, By Canon EF Mount, 2021 - 2031F |
6.2.3 Latvia Interchangeable Lens Market Revenues & Volume, By Nikon F Mount, 2021 - 2031F |
6.2.4 Latvia Interchangeable Lens Market Revenues & Volume, By Sony E Mount, 2021 - 2031F |
6.2.5 Latvia Interchangeable Lens Market Revenues & Volume, By Micro Four Thirds Mount, 2021 - 2031F |
6.2.6 Latvia Interchangeable Lens Market Revenues & Volume, By Fujifilm X Mount, 2021 - 2031F |
6.3 Latvia Interchangeable Lens Market, By Aperture Range |
6.3.1 Overview and Analysis |
6.3.2 Latvia Interchangeable Lens Market Revenues & Volume, By f/1.2-f/2.8, 2021 - 2031F |
6.3.3 Latvia Interchangeable Lens Market Revenues & Volume, By f/2.8-f/4.0, 2021 - 2031F |
6.3.4 Latvia Interchangeable Lens Market Revenues & Volume, By f/4.0-f/5.6, 2021 - 2031F |
6.3.5 Latvia Interchangeable Lens Market Revenues & Volume, By f/5.6-f/8.0, 2021 - 2031F |
6.3.6 Latvia Interchangeable Lens Market Revenues & Volume, By f/8.0-f/11.0, 2021 - 2031F |
6.4 Latvia Interchangeable Lens Market, By Image Stabilization |
6.4.1 Overview and Analysis |
6.4.2 Latvia Interchangeable Lens Market Revenues & Volume, By Optical Image Stabilization (OIS), 2021 - 2031F |
6.4.3 Latvia Interchangeable Lens Market Revenues & Volume, By Electronic Image Stabilization (EIS), 2021 - 2031F |
6.4.4 Latvia Interchangeable Lens Market Revenues & Volume, By Dual Image Stabilization (DIS), 2021 - 2031F |
6.5 Latvia Interchangeable Lens Market, By Autofocus System |
6.5.1 Overview and Analysis |
6.5.2 Latvia Interchangeable Lens Market Revenues & Volume, By Contrast Detection Autofocus (CDAF), 2021 - 2031F |
6.5.3 Latvia Interchangeable Lens Market Revenues & Volume, By Phase Detection Autofocus (PDAF), 2021 - 2031F |
6.5.4 Latvia Interchangeable Lens Market Revenues & Volume, By Hybrid Autofocus System, 2021 - 2031F |
7 Latvia Interchangeable Lens Market Import-Export Trade Statistics |
7.1 Latvia Interchangeable Lens Market Export to Major Countries |
7.2 Latvia Interchangeable Lens Market Imports from Major Countries |
8 Latvia Interchangeable Lens Market Key Performance Indicators |
8.1 Average time spent on photography forums and websites by Latvian consumers. |
8.2 Number of photography workshops and events organized in Latvia. |
8.3 Percentage of photography enthusiasts in Latvia actively seeking information on interchangeable lens cameras and lenses. |
9 Latvia Interchangeable Lens Market - Opportunity Assessment |
9.1 Latvia Interchangeable Lens Market Opportunity Assessment, By Lens Type, 2021 & 2031F |
9.2 Latvia Interchangeable Lens Market Opportunity Assessment, By Camera Mount, 2021 & 2031F |
9.3 Latvia Interchangeable Lens Market Opportunity Assessment, By Aperture Range, 2021 & 2031F |
9.4 Latvia Interchangeable Lens Market Opportunity Assessment, By Image Stabilization, 2021 & 2031F |
9.5 Latvia Interchangeable Lens Market Opportunity Assessment, By Autofocus System, 2021 & 2031F |
10 Latvia Interchangeable Lens Market - Competitive Landscape |
10.1 Latvia Interchangeable Lens Market Revenue Share, By Companies, 2024 |
10.2 Latvia Interchangeable Lens 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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