| Product Code: ETC7916375 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The naval combat weapons import shipments to Latvia in 2024 show a significant increase in concentration, with top exporting countries being Czechia, Estonia, Germany, China, and Kyrgyzstan. The market experienced a drastic growth rate of 140.2% in 2024, following a challenging period with a negative CAGR of -35.35% from 2020 to 2024. This shift indicates a dynamic market landscape, with opportunities for further analysis and strategic decision-making in the naval combat weapons sector.

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 Naval Combat Weapons Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Naval Combat Weapons Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Naval Combat Weapons Market - Industry Life Cycle |
3.4 Latvia Naval Combat Weapons Market - Porter's Five Forces |
3.5 Latvia Naval Combat Weapons Market Revenues & Volume Share, By Platform Type, 2021 & 2031F |
3.6 Latvia Naval Combat Weapons Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Naval Combat Weapons Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing geopolitical tensions in the Baltic Sea region |
4.2.2 Modernization and upgrade programs by the Latvian Navy |
4.2.3 Growing focus on maritime security and patrol activities |
4.3 Market Restraints |
4.3.1 Budget constraints and limited defense spending |
4.3.2 Dependence on imports for advanced naval combat weapons technology |
5 Latvia Naval Combat Weapons Market Trends |
6 Latvia Naval Combat Weapons Market, By Types |
6.1 Latvia Naval Combat Weapons Market, By Platform Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Naval Combat Weapons Market Revenues & Volume, By Platform Type, 2021- 2031F |
6.1.3 Latvia Naval Combat Weapons Market Revenues & Volume, By Underwater-based Naval Combat Weapons, 2021- 2031F |
6.1.4 Latvia Naval Combat Weapons Market Revenues & Volume, By Surface-based Combat Weapons, 2021- 2031F |
6.2 Latvia Naval Combat Weapons Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Naval Combat Weapons Market Revenues & Volume, By Small Patrol Boats, 2021- 2031F |
6.2.3 Latvia Naval Combat Weapons Market Revenues & Volume, By Large Aircraft Carriers, 2021- 2031F |
6.2.4 Latvia Naval Combat Weapons Market Revenues & Volume, By Submarines, 2021- 2031F |
7 Latvia Naval Combat Weapons Market Import-Export Trade Statistics |
7.1 Latvia Naval Combat Weapons Market Export to Major Countries |
7.2 Latvia Naval Combat Weapons Market Imports from Major Countries |
8 Latvia Naval Combat Weapons Market Key Performance Indicators |
8.1 Number of successful modernization projects completed by the Latvian Navy |
8.2 Percentage increase in defense budget allocation for naval combat weapons |
8.3 Number of joint military exercises conducted with NATO allies to enhance naval capabilities |
9 Latvia Naval Combat Weapons Market - Opportunity Assessment |
9.1 Latvia Naval Combat Weapons Market Opportunity Assessment, By Platform Type, 2021 & 2031F |
9.2 Latvia Naval Combat Weapons Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Naval Combat Weapons Market - Competitive Landscape |
10.1 Latvia Naval Combat Weapons Market Revenue Share, By Companies, 2024 |
10.2 Latvia Naval Combat Weapons 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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