| Product Code: ETC12649717 | 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 saw a steady flow of LED phosphor imports, with key exporters being Finland, Germany, Estonia, Lithuania, and Luxembourg. Despite the low concentration of the Herfindahl-Hirschman Index (HHI), indicating a competitive market, the industry experienced a negative compound annual growth rate (CAGR) of -8.81% from 2020 to 2024. However, there was a slight uptick in growth from 2023 to 2024, with a growth rate of 0.68%, suggesting a potential rebound in the market. These trends highlight the dynamic nature of the LED phosphor 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 LED Phosphor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia LED Phosphor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia LED Phosphor Market - Industry Life Cycle |
3.4 Latvia LED Phosphor Market - Porter's Five Forces |
3.5 Latvia LED Phosphor Market Revenues & Volume Share, By Phosphor Type, 2021 & 2031F |
3.6 Latvia LED Phosphor Market Revenues & Volume Share, By Emission Color, 2021 & 2031F |
3.7 Latvia LED Phosphor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia LED Phosphor Market Revenues & Volume Share, By Host Material, 2021 & 2031F |
3.9 Latvia LED Phosphor Market Revenues & Volume Share, By Activation Method, 2021 & 2031F |
4 Latvia LED Phosphor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient lighting solutions |
4.2.2 Growing adoption of LED technology in various applications |
4.2.3 Government initiatives promoting the use of eco-friendly lighting solutions |
4.3 Market Restraints |
4.3.1 High initial cost of LED phosphors compared to traditional lighting solutions |
4.3.2 Technological limitations and challenges in LED phosphor production |
4.3.3 Competition from other lighting technologies |
5 Latvia LED Phosphor Market Trends |
6 Latvia LED Phosphor Market, By Types |
6.1 Latvia LED Phosphor Market, By Phosphor Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia LED Phosphor Market Revenues & Volume, By Phosphor Type, 2021 - 2031F |
6.1.3 Latvia LED Phosphor Market Revenues & Volume, By Garnet Phosphors, 2021 - 2031F |
6.1.4 Latvia LED Phosphor Market Revenues & Volume, By Silicate Phosphors, 2021 - 2031F |
6.1.5 Latvia LED Phosphor Market Revenues & Volume, By Nitride Phosphors, 2021 - 2031F |
6.1.6 Latvia LED Phosphor Market Revenues & Volume, By Oxide Phosphors, 2021 - 2031F |
6.1.7 Latvia LED Phosphor Market Revenues & Volume, By Sulfide Phosphors, 2021 - 2031F |
6.2 Latvia LED Phosphor Market, By Emission Color |
6.2.1 Overview and Analysis |
6.2.2 Latvia LED Phosphor Market Revenues & Volume, By White, 2021 - 2031F |
6.2.3 Latvia LED Phosphor Market Revenues & Volume, By Blue, 2021 - 2031F |
6.2.4 Latvia LED Phosphor Market Revenues & Volume, By Green, 2021 - 2031F |
6.2.5 Latvia LED Phosphor Market Revenues & Volume, By Red, 2021 - 2031F |
6.2.6 Latvia LED Phosphor Market Revenues & Volume, By Yellow, 2021 - 2031F |
6.3 Latvia LED Phosphor Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia LED Phosphor Market Revenues & Volume, By General Lighting, 2021 - 2031F |
6.3.3 Latvia LED Phosphor Market Revenues & Volume, By Display Backlighting, 2021 - 2031F |
6.3.4 Latvia LED Phosphor Market Revenues & Volume, By Automotive Lighting, 2021 - 2031F |
6.3.5 Latvia LED Phosphor Market Revenues & Volume, By Signage, 2021 - 2031F |
6.3.6 Latvia LED Phosphor Market Revenues & Volume, By Medical Devices, 2021 - 2031F |
6.4 Latvia LED Phosphor Market, By Host Material |
6.4.1 Overview and Analysis |
6.4.2 Latvia LED Phosphor Market Revenues & Volume, By Yttrium Aluminum Garnet, 2021 - 2031F |
6.4.3 Latvia LED Phosphor Market Revenues & Volume, By Silicate, 2021 - 2031F |
6.4.4 Latvia LED Phosphor Market Revenues & Volume, By Nitride, 2021 - 2031F |
6.4.5 Latvia LED Phosphor Market Revenues & Volume, By Oxide, 2021 - 2031F |
6.4.6 Latvia LED Phosphor Market Revenues & Volume, By Sulfide, 2021 - 2031F |
6.5 Latvia LED Phosphor Market, By Activation Method |
6.5.1 Overview and Analysis |
6.5.2 Latvia LED Phosphor Market Revenues & Volume, By Thermal Activation, 2021 - 2031F |
6.5.3 Latvia LED Phosphor Market Revenues & Volume, By Optical Activation, 2021 - 2031F |
6.5.4 Latvia LED Phosphor Market Revenues & Volume, By Electrical Activation, 2021 - 2031F |
6.5.5 Latvia LED Phosphor Market Revenues & Volume, By Chemical Activation, 2021 - 2031F |
6.5.6 Latvia LED Phosphor Market Revenues & Volume, By Mechanical Activation, 2021 - 2031F |
7 Latvia LED Phosphor Market Import-Export Trade Statistics |
7.1 Latvia LED Phosphor Market Export to Major Countries |
7.2 Latvia LED Phosphor Market Imports from Major Countries |
8 Latvia LED Phosphor Market Key Performance Indicators |
8.1 Energy savings percentage achieved by using LED phosphors |
8.2 Number of new applications adopting LED technology in Latvia |
8.3 Percentage of government projects utilizing LED lighting solutions |
9 Latvia LED Phosphor Market - Opportunity Assessment |
9.1 Latvia LED Phosphor Market Opportunity Assessment, By Phosphor Type, 2021 & 2031F |
9.2 Latvia LED Phosphor Market Opportunity Assessment, By Emission Color, 2021 & 2031F |
9.3 Latvia LED Phosphor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia LED Phosphor Market Opportunity Assessment, By Host Material, 2021 & 2031F |
9.5 Latvia LED Phosphor Market Opportunity Assessment, By Activation Method, 2021 & 2031F |
10 Latvia LED Phosphor Market - Competitive Landscape |
10.1 Latvia LED Phosphor Market Revenue Share, By Companies, 2024 |
10.2 Latvia LED Phosphor 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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