Latvia Munition Market (2025-2031) | Value, Segmentation, Outlook, Companies, Forecast, Competitive Landscape, Share, Trends, Growth, Industry, Analysis, Size & Revenue

Name: Latvia Munition Market (2025-2031) | Value & Segmentation
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Munition Market, Latvia Munition Market, Latvia Munition Market Revenues, Latvia Munition Market Share, Latvia Munition Market Size, Latvia Munition Market Outlook, Latvia Munition Market Report, Latvia Munition Market Competition, Latvia Munition Market Overview, Latvia Munition Market Trends, Latvia Munition Market Forecast

Market Forecast By Application (Defense, Civil, Coomercial), By Caliber (Small, Medium, Large, Others), By Component (Fuzes & Primers, Propellants, Bases, Projectiles and Warheads, Others), By Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), By Guidance (Non-guided, Guided), By Lethality (Lethal, Less-Lethal) And Competitive Landscape

Product Code: ETC7916130	Publication Date: Sep 2024	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Dhaval Chaurasia	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Latvia Munition Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s munition import shipments in 2024 continued to show high concentration with top exporters being Switzerland, Sweden, Italy, Germany, and the USA. Despite a significant negative CAGR of -16.87% from 2020 to 2024, there was a positive growth rate of 9.41% from 2023 to 2024. This indicates some recent improvement in the market, possibly driven by changing geopolitical dynamics or increasing defense expenditures. The consistent presence of key exporting countries highlights the importance of these relationships in meeting Latvia`s munition needs.

Latvia Munition Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Munition Market Outlook
Market Size of Latvia Munition Market, 2024
Forecast of Latvia Munition Market, 2031
Historical Data and Forecast of Latvia Munition Revenues & Volume for the Period 2021- 2031
Latvia Munition Market Trend Evolution
Latvia Munition Market Drivers and Challenges
Latvia Munition Price Trends
Latvia Munition Porter's Five Forces
Latvia Munition Industry Life Cycle
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Defense for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Civil for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Coomercial for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Caliber for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Small for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Medium for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Large for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Component for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Fuzes & Primers for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Propellants for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Bases for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Projectiles and Warheads for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Product for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Bullets for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Aerial Bombs for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Grenades for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Artillery Shells for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Mortars for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Guidance for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Non-guided for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Guided for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Lethality for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Lethal for the Period 2021- 2031
Historical Data and Forecast of Latvia Munition Market Revenues & Volume By Less-Lethal for the Period 2021- 2031
Latvia Munition Import Export Trade Statistics
Market Opportunity Assessment By Application
Market Opportunity Assessment By Caliber
Market Opportunity Assessment By Component
Market Opportunity Assessment By Product
Market Opportunity Assessment By Guidance
Market Opportunity Assessment By Lethality
Latvia Munition Top Companies Market Share
Latvia Munition Competitive Benchmarking By Technical and Operational Parameters
Latvia Munition Company Profiles
Latvia Munition Key Strategic Recommendations

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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 Munition Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Munition Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Munition Market - Industry Life Cycle

3.4 Latvia Munition Market - Porter's Five Forces

3.5 Latvia Munition Market Revenues & Volume Share, By Application, 2021 & 2031F

3.6 Latvia Munition Market Revenues & Volume Share, By Caliber, 2021 & 2031F

3.7 Latvia Munition Market Revenues & Volume Share, By Component, 2021 & 2031F

3.8 Latvia Munition Market Revenues & Volume Share, By Product, 2021 & 2031F

3.9 Latvia Munition Market Revenues & Volume Share, By Guidance, 2021 & 2031F

3.10 Latvia Munition Market Revenues & Volume Share, By Lethality, 2021 & 2031F

4 Latvia Munition Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing defense budget allocation by the Latvian government

4.2.2 Growing geopolitical tensions in the region leading to higher demand for munitions

4.2.3 Modernization and upgrade programs of the Latvian armed forces

4.3 Market Restraints

4.3.1 Stringent regulations on arms exports and imports

4.3.2 Dependence on foreign suppliers for advanced munitions technology

4.3.3 Volatility in raw material prices impacting production costs

5 Latvia Munition Market Trends

6 Latvia Munition Market, By Types

6.1 Latvia Munition Market, By Application

6.1.1 Overview and Analysis

6.1.2 Latvia Munition Market Revenues & Volume, By Application, 2021- 2031F

6.1.3 Latvia Munition Market Revenues & Volume, By Defense, 2021- 2031F

6.1.4 Latvia Munition Market Revenues & Volume, By Civil, 2021- 2031F

6.1.5 Latvia Munition Market Revenues & Volume, By Coomercial, 2021- 2031F

6.2 Latvia Munition Market, By Caliber

6.2.1 Overview and Analysis

6.2.2 Latvia Munition Market Revenues & Volume, By Small, 2021- 2031F

6.2.3 Latvia Munition Market Revenues & Volume, By Medium, 2021- 2031F

6.2.4 Latvia Munition Market Revenues & Volume, By Large, 2021- 2031F

6.2.5 Latvia Munition Market Revenues & Volume, By Others, 2021- 2031F

6.3 Latvia Munition Market, By Component

6.3.1 Overview and Analysis

6.3.2 Latvia Munition Market Revenues & Volume, By Fuzes & Primers, 2021- 2031F

6.3.3 Latvia Munition Market Revenues & Volume, By Propellants, 2021- 2031F

6.3.4 Latvia Munition Market Revenues & Volume, By Bases, 2021- 2031F

6.3.5 Latvia Munition Market Revenues & Volume, By Projectiles and Warheads, 2021- 2031F

6.3.6 Latvia Munition Market Revenues & Volume, By Others, 2021- 2031F

6.4 Latvia Munition Market, By Product

6.4.1 Overview and Analysis

6.4.2 Latvia Munition Market Revenues & Volume, By Bullets, 2021- 2031F

6.4.3 Latvia Munition Market Revenues & Volume, By Aerial Bombs, 2021- 2031F

6.4.4 Latvia Munition Market Revenues & Volume, By Grenades, 2021- 2031F

6.4.5 Latvia Munition Market Revenues & Volume, By Artillery Shells, 2021- 2031F

6.4.6 Latvia Munition Market Revenues & Volume, By Mortars, 2021- 2031F

6.5 Latvia Munition Market, By Guidance

6.5.1 Overview and Analysis

6.5.2 Latvia Munition Market Revenues & Volume, By Non-guided, 2021- 2031F

6.5.3 Latvia Munition Market Revenues & Volume, By Guided, 2021- 2031F

6.6 Latvia Munition Market, By Lethality

6.6.1 Overview and Analysis

6.6.2 Latvia Munition Market Revenues & Volume, By Lethal, 2021- 2031F

6.6.3 Latvia Munition Market Revenues & Volume, By Less-Lethal, 2021- 2031F

7 Latvia Munition Market Import-Export Trade Statistics

7.1 Latvia Munition Market Export to Major Countries

7.2 Latvia Munition Market Imports from Major Countries

8 Latvia Munition Market Key Performance Indicators

8.1 Percentage increase in defense budget allocation for munitions

8.2 Number of defense agreements signed with other countries for munitions supply

8.3 Rate of adoption of new munitions technology by the Latvian armed forces

9 Latvia Munition Market - Opportunity Assessment

9.1 Latvia Munition Market Opportunity Assessment, By Application, 2021 & 2031F

9.2 Latvia Munition Market Opportunity Assessment, By Caliber, 2021 & 2031F

9.3 Latvia Munition Market Opportunity Assessment, By Component, 2021 & 2031F

9.4 Latvia Munition Market Opportunity Assessment, By Product, 2021 & 2031F

9.5 Latvia Munition Market Opportunity Assessment, By Guidance, 2021 & 2031F

9.6 Latvia Munition Market Opportunity Assessment, By Lethality, 2021 & 2031F

10 Latvia Munition Market - Competitive Landscape

10.1 Latvia Munition Market Revenue Share, By Companies, 2024

10.2 Latvia Munition Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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