| Product Code: ETC5761728 | 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 continued to witness steady growth in medium-voltage cables import shipments with a notable CAGR of 11.37% from 2020 to 2024. The top exporting countries to Latvia for medium-voltage cables included Poland, Germany, Estonia, Lithuania, and Metropolitan France. Despite this influx of shipments, the market concentration, as measured by the HHI, remained at a moderate level. The growth rate of 12.02% from 2023 to 2024 indicates a positive trend in the market, showcasing potential opportunities for both buyers and suppliers in the medium-voltage cables industry 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 Medium-Voltage Cables Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Medium-Voltage Cables Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Medium-Voltage Cables Market - Industry Life Cycle |
3.4 Latvia Medium-Voltage Cables Market - Porter's Five Forces |
3.5 Latvia Medium-Voltage Cables Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.6 Latvia Medium-Voltage Cables Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Latvia Medium-Voltage Cables Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.8 Latvia Medium-Voltage Cables Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Medium-Voltage Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources, leading to the expansion of the medium-voltage cables market. |
4.2.2 Growing investments in infrastructure projects, such as smart grid systems, boosting the demand for medium-voltage cables. |
4.2.3 Technological advancements in medium-voltage cables, enhancing their efficiency and performance. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of medium-voltage cables. |
4.3.2 Stringent regulations and standards governing the manufacturing and installation of medium-voltage cables. |
5 Latvia Medium-Voltage Cables Market Trends |
6 Latvia Medium-Voltage Cables Market Segmentations |
6.1 Latvia Medium-Voltage Cables Market, By Voltage |
6.1.1 Overview and Analysis |
6.1.2 Latvia Medium-Voltage Cables Market Revenues & Volume, By Up to 25kV, 2021-2031F |
6.1.3 Latvia Medium-Voltage Cables Market Revenues & Volume, By 26kV-50kV, 2021-2031F |
6.1.4 Latvia Medium-Voltage Cables Market Revenues & Volume, By 51kV-75kV, 2021-2031F |
6.1.5 Latvia Medium-Voltage Cables Market Revenues & Volume, By 76kV-100kV, 2021-2031F |
6.2 Latvia Medium-Voltage Cables Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Medium-Voltage Cables Market Revenues & Volume, By Termination Cables, 2021-2031F |
6.2.3 Latvia Medium-Voltage Cables Market Revenues & Volume, By Joints, 2021-2031F |
6.2.4 Latvia Medium-Voltage Cables Market Revenues & Volume, By XLPE Cables, 2021-2031F |
6.2.5 Latvia Medium-Voltage Cables Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Medium-Voltage Cables Market, By Installation |
6.3.1 Overview and Analysis |
6.3.2 Latvia Medium-Voltage Cables Market Revenues & Volume, By Underground, 2021-2031F |
6.3.3 Latvia Medium-Voltage Cables Market Revenues & Volume, By Submarine, 2021-2031F |
6.3.4 Latvia Medium-Voltage Cables Market Revenues & Volume, By Overhead, 2021-2031F |
6.4 Latvia Medium-Voltage Cables Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Medium-Voltage Cables Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 Latvia Medium-Voltage Cables Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Latvia Medium-Voltage Cables Market Revenues & Volume, By Utility, 2021-2031F |
7 Latvia Medium-Voltage Cables Market Import-Export Trade Statistics |
7.1 Latvia Medium-Voltage Cables Market Export to Major Countries |
7.2 Latvia Medium-Voltage Cables Market Imports from Major Countries |
8 Latvia Medium-Voltage Cables Market Key Performance Indicators |
8.1 Average order value per customer in the medium-voltage cables market. |
8.2 Percentage of revenue from new product developments in the medium-voltage cables segment. |
8.3 Number of approved infrastructure projects requiring medium-voltage cables installation. |
9 Latvia Medium-Voltage Cables Market - Opportunity Assessment |
9.1 Latvia Medium-Voltage Cables Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.2 Latvia Medium-Voltage Cables Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Latvia Medium-Voltage Cables Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.4 Latvia Medium-Voltage Cables Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Medium-Voltage Cables Market - Competitive Landscape |
10.1 Latvia Medium-Voltage Cables Market Revenue Share, By Companies, 2024 |
10.2 Latvia Medium-Voltage 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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