| Product Code: ETC5392672 | 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`s semiconductor materials import market continued to showcase strong growth with a notable 28.59% increase from the previous year. The leading countries contributing to Latvia`s import shipments were Slovakia, Germany, USA, China, and Lithuania, highlighting a diverse sourcing strategy. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the market displayed resilience and stability. With a steady compound annual growth rate (CAGR) of 3.2% from 2020 to 2024, Latvia`s semiconductor materials import sector remains dynamic and promising for future developments.
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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 Semiconductor Materials Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Semiconductor Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Semiconductor Materials Market - Industry Life Cycle |
3.4 Latvia Semiconductor Materials Market - Porter's Five Forces |
3.5 Latvia Semiconductor Materials Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Latvia Semiconductor Materials Market Revenues & Volume Share, By Fabrication, 2021 & 2031F |
4 Latvia Semiconductor Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for semiconductor devices in various industries |
4.2.2 Technological advancements leading to the development of new semiconductor materials |
4.2.3 Government initiatives to promote the semiconductor industry in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up semiconductor material production facilities |
4.3.2 Fluctuating prices of raw materials impacting production costs |
4.3.3 Intense competition from established semiconductor material manufacturers in other regions |
5 Latvia Semiconductor Materials Market Trends |
6 Latvia Semiconductor Materials Market Segmentations |
6.1 Latvia Semiconductor Materials Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Semiconductor Materials Market Revenues & Volume, By Silicon Carbide (SiC), 2021-2031F |
6.1.3 Latvia Semiconductor Materials Market Revenues & Volume, By Gallium Manganese Arsenide (GaAs), 2021-2031F |
6.1.4 Latvia Semiconductor Materials Market Revenues & Volume, By Copper Indium Gallium Selenide (CIGS), 2021-2031F |
6.1.5 Latvia Semiconductor Materials Market Revenues & Volume, By Molybdenum Disulfide (MoS????), 2021-2031F |
6.1.6 Latvia Semiconductor Materials Market Revenues & Volume, By Bismuth Telluride (Bi2Te3), 2021-2031F |
6.2 Latvia Semiconductor Materials Market, By Fabrication |
6.2.1 Overview and Analysis |
6.2.2 Latvia Semiconductor Materials Market Revenues & Volume, By Process Chemicals, 2021-2031F |
6.2.3 Latvia Semiconductor Materials Market Revenues & Volume, By Photomasks, 2021-2031F |
6.2.4 Latvia Semiconductor Materials Market Revenues & Volume, By Electronic Gases, 2021-2031F |
6.2.5 Latvia Semiconductor Materials Market Revenues & Volume, By Photoresists Ancilliaries, 2021-2031F |
6.2.6 Latvia Semiconductor Materials Market Revenues & Volume, By Sputtering Targets, 2021-2031F |
6.2.7 Latvia Semiconductor Materials Market Revenues & Volume, By Silicon, 2021-2031F |
7 Latvia Semiconductor Materials Market Import-Export Trade Statistics |
7.1 Latvia Semiconductor Materials Market Export to Major Countries |
7.2 Latvia Semiconductor Materials Market Imports from Major Countries |
8 Latvia Semiconductor Materials Market Key Performance Indicators |
8.1 Research and development expenditure on semiconductor materials innovation |
8.2 Number of patents filed for new semiconductor material technologies |
8.3 Percentage of semiconductor material imports replaced by domestically produced materials |
8.4 Adoption rate of new semiconductor materials in key industries in Latvia |
9 Latvia Semiconductor Materials Market - Opportunity Assessment |
9.1 Latvia Semiconductor Materials Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Latvia Semiconductor Materials Market Opportunity Assessment, By Fabrication, 2021 & 2031F |
10 Latvia Semiconductor Materials Market - Competitive Landscape |
10.1 Latvia Semiconductor Materials Market Revenue Share, By Companies, 2024 |
10.2 Latvia Semiconductor Materials 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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