| Product Code: ETC4943664 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s printed circuit board import market in 2024 continued to be dominated by top exporting countries such as China, Netherlands, Estonia, Taiwan, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a healthy compound annual growth rate (CAGR) of 4.8% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -12.76%. This data suggests a stable market with established trade relationships, but also highlights the need for monitoring potential fluctuations in import trends.

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 Printed Circuit Boards Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Printed Circuit Boards Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Printed Circuit Boards Market - Industry Life Cycle |
3.4 Latvia Printed Circuit Boards Market - Porter's Five Forces |
3.5 Latvia Printed Circuit Boards Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Printed Circuit Boards Market Revenues & Volume Share, By Substrate, 2021 & 2031F |
3.7 Latvia Printed Circuit Boards Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Latvia Printed Circuit Boards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and gadgets |
4.2.2 Growing adoption of IoT and connected devices |
4.2.3 Technological advancements in the electronics industry |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Intense competition from established market players |
4.3.3 Regulatory challenges related to environmental standards and waste management |
5 Latvia Printed Circuit Boards Market Trends |
6 Latvia Printed Circuit Boards Market Segmentations |
6.1 Latvia Printed Circuit Boards Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Printed Circuit Boards Market Revenues & Volume, By Single Sided, 2021-2031F |
6.1.3 Latvia Printed Circuit Boards Market Revenues & Volume, By Double Sided, 2021-2031F |
6.1.4 Latvia Printed Circuit Boards Market Revenues & Volume, By Multi-Layer, 2021-2031F |
6.1.5 Latvia Printed Circuit Boards Market Revenues & Volume, By HDI, 2021-2031F |
6.2 Latvia Printed Circuit Boards Market, By Substrate |
6.2.1 Overview and Analysis |
6.2.2 Latvia Printed Circuit Boards Market Revenues & Volume, By Rigid, 2021-2031F |
6.2.3 Latvia Printed Circuit Boards Market Revenues & Volume, By Flexible, 2021-2031F |
6.2.4 Latvia Printed Circuit Boards Market Revenues & Volume, By Rigid-Flex, 2021-2031F |
6.3 Latvia Printed Circuit Boards Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Printed Circuit Boards Market Revenues & Volume, By Industrial Electronics, 2021-2031F |
6.3.3 Latvia Printed Circuit Boards Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.4 Latvia Printed Circuit Boards Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.5 Latvia Printed Circuit Boards Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 Latvia Printed Circuit Boards Market Revenues & Volume, By IT & Telecom, 2021-2031F |
6.3.7 Latvia Printed Circuit Boards Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
7 Latvia Printed Circuit Boards Market Import-Export Trade Statistics |
7.1 Latvia Printed Circuit Boards Market Export to Major Countries |
7.2 Latvia Printed Circuit Boards Market Imports from Major Countries |
8 Latvia Printed Circuit Boards Market Key Performance Indicators |
8.1 Average lead time for PCB production |
8.2 Percentage of revenue from new product innovations |
8.3 Rate of adoption of advanced manufacturing technologies in PCB production |
9 Latvia Printed Circuit Boards Market - Opportunity Assessment |
9.1 Latvia Printed Circuit Boards Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Printed Circuit Boards Market Opportunity Assessment, By Substrate, 2021 & 2031F |
9.3 Latvia Printed Circuit Boards Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Latvia Printed Circuit Boards Market - Competitive Landscape |
10.1 Latvia Printed Circuit Boards Market Revenue Share, By Companies, 2024 |
10.2 Latvia Printed Circuit Boards 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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