| Product Code: ETC4902833 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Latvia prepaid cards import market continues to be dominated by Germany, UK, Estonia, Czechia, and Denmark in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), has increased significantly from 2023 to 2024, indicating a very high level of concentration among the top exporting countries. Despite a remarkable compound annual growth rate (CAGR) of 29.9% from 2020 to 2024, the market experienced a sharp decline in growth rate from 2023 to 2024 at -42.59%. This suggests a potential shift or adjustment in market dynamics that importers and stakeholders should closely monitor.


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 Prepaid Cards Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Prepaid Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Prepaid Cards Market - Industry Life Cycle |
3.4 Latvia Prepaid Cards Market - Porter's Five Forces |
3.5 Latvia Prepaid Cards Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Latvia Prepaid Cards Market Revenues & Volume Share, By Card Type, 2021 & 2031F |
3.7 Latvia Prepaid Cards Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Prepaid Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment methods in Latvia |
4.2.2 Growth in e-commerce and online shopping activities |
4.2.3 Rising preference for convenient and secure payment solutions |
4.3 Market Restraints |
4.3.1 Limited merchant acceptance of prepaid cards in Latvia |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Competition from other payment methods such as mobile wallets |
5 Latvia Prepaid Cards Market Trends |
6 Latvia Prepaid Cards Market Segmentations |
6.1 Latvia Prepaid Cards Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Latvia Prepaid Cards Market Revenues & Volume, By General Purpose Card , 2021-2031F |
6.1.3 Latvia Prepaid Cards Market Revenues & Volume, By Gift Card, 2021-2031F |
6.1.4 Latvia Prepaid Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.1.5 Latvia Prepaid Cards Market Revenues & Volume, By Incentive/Payroll Card, 2021-2031F |
6.1.6 Latvia Prepaid Cards Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Prepaid Cards Market, By Card Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Prepaid Cards Market Revenues & Volume, By Closed Loop Card, 2021-2031F |
6.2.3 Latvia Prepaid Cards Market Revenues & Volume, By Open Loop Card, 2021-2031F |
6.3 Latvia Prepaid Cards Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Prepaid Cards Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Latvia Prepaid Cards Market Revenues & Volume, By Corporate, 2021-2031F |
6.3.4 Latvia Prepaid Cards Market Revenues & Volume, By Government/Public Sector, 2021-2031F |
7 Latvia Prepaid Cards Market Import-Export Trade Statistics |
7.1 Latvia Prepaid Cards Market Export to Major Countries |
7.2 Latvia Prepaid Cards Market Imports from Major Countries |
8 Latvia Prepaid Cards Market Key Performance Indicators |
8.1 Average transaction value per prepaid card |
8.2 Number of active prepaid card users |
8.3 Percentage of prepaid card transactions in total retail transactions |
8.4 Reload frequency of prepaid cards |
8.5 Customer satisfaction and retention rates for prepaid card users |
9 Latvia Prepaid Cards Market - Opportunity Assessment |
9.1 Latvia Prepaid Cards Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Latvia Prepaid Cards Market Opportunity Assessment, By Card Type, 2021 & 2031F |
9.3 Latvia Prepaid Cards Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Prepaid Cards Market - Competitive Landscape |
10.1 Latvia Prepaid Cards Market Revenue Share, By Companies, 2024 |
10.2 Latvia Prepaid Cards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |