| Product Code: ETC5374983 | 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 see a significant influx of precious metal imports, with top exporters being Poland, Sweden, Italy, USA, and Finland. Despite a high concentration of Herfindahl-Hirschman Index (HHI) in the market, the compound annual growth rate (CAGR) from 2020 to 2024 remained steady at 3.23%. However, there was a notable decline in the growth rate from 2023 to 2024, indicating a challenging year for the industry. Monitoring shifts in import trends and market dynamics will be crucial for stakeholders in the precious metals sector 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 Precious Metal Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Precious Metal Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Precious Metal Market - Industry Life Cycle |
3.4 Latvia Precious Metal Market - Porter's Five Forces |
3.5 Latvia Precious Metal Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Precious Metal Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Precious Metal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for precious metals as a safe-haven investment during economic uncertainties |
4.2.2 Increasing industrial applications of precious metals in sectors like electronics and automotive |
4.2.3 Rising popularity of precious metal jewelry and accessories |
4.3 Market Restraints |
4.3.1 Volatility in precious metal prices influenced by global economic conditions and geopolitical factors |
4.3.2 Regulatory challenges and compliance requirements impacting the precious metal market |
4.3.3 Competition from alternative investment options such as cryptocurrencies and real estate |
5 Latvia Precious Metal Market Trends |
6 Latvia Precious Metal Market Segmentations |
6.1 Latvia Precious Metal Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Precious Metal Market Revenues & Volume, By Gold, 2021-2031F |
6.1.3 Latvia Precious Metal Market Revenues & Volume, By Silver, 2021-2031F |
6.1.4 Latvia Precious Metal Market Revenues & Volume, By Platinum Group Metals (PGM), 2021-2031F |
6.2 Latvia Precious Metal Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Precious Metal Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.3 Latvia Precious Metal Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Latvia Precious Metal Market Revenues & Volume, By Investment, 2021-2031F |
7 Latvia Precious Metal Market Import-Export Trade Statistics |
7.1 Latvia Precious Metal Market Export to Major Countries |
7.2 Latvia Precious Metal Market Imports from Major Countries |
8 Latvia Precious Metal Market Key Performance Indicators |
8.1 Price volatility index of precious metals |
8.2 Percentage of industrial applications utilizing precious metals in Latvia |
8.3 Consumer sentiment index towards investing in precious metals |
9 Latvia Precious Metal Market - Opportunity Assessment |
9.1 Latvia Precious Metal Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Precious Metal Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Precious Metal Market - Competitive Landscape |
10.1 Latvia Precious Metal Market Revenue Share, By Companies, 2024 |
10.2 Latvia Precious Metal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |