| Product Code: ETC7922262 | 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 |
Latvia`s standalone memory import shipments in 2024 saw a notable decrease in growth rate compared to the previous year, with a -27.0% rate. Despite this, the market maintained a low concentration level, indicating a diverse range of suppliers. Key exporting countries such as China, Australia, Slovakia, Hungary, and Taiwan continued to play significant roles in supplying memory products to Latvia. The overall compound annual growth rate (CAGR) from 2020 to 2024 stood at 0.59%, reflecting steady but moderate growth in the market over the four-year period.

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 Standalone Memory Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Standalone Memory Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Standalone Memory Market - Industry Life Cycle |
3.4 Latvia Standalone Memory Market - Porter's Five Forces |
3.5 Latvia Standalone Memory Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Standalone Memory Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 Latvia Standalone Memory Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Standalone Memory Market Trends |
6 Latvia Standalone Memory Market, By Types |
6.1 Latvia Standalone Memory Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Standalone Memory Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Standalone Memory Market Revenues & Volume, By DRAM, 2021- 2031F |
6.1.4 Latvia Standalone Memory Market Revenues & Volume, By NAND, 2021- 2031F |
6.1.5 Latvia Standalone Memory Market Revenues & Volume, By NOR, 2021- 2031F |
6.1.6 Latvia Standalone Memory Market Revenues & Volume, By (NV)SRAM /FRAM, 2021- 2031F |
6.2 Latvia Standalone Memory Market, By End User Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Standalone Memory Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Standalone Memory Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.4 Latvia Standalone Memory Market Revenues & Volume, By Enterprise, 2021- 2031F |
7 Latvia Standalone Memory Market Import-Export Trade Statistics |
7.1 Latvia Standalone Memory Market Export to Major Countries |
7.2 Latvia Standalone Memory Market Imports from Major Countries |
8 Latvia Standalone Memory Market Key Performance Indicators |
9 Latvia Standalone Memory Market - Opportunity Assessment |
9.1 Latvia Standalone Memory Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Standalone Memory Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 Latvia Standalone Memory Market - Competitive Landscape |
10.1 Latvia Standalone Memory Market Revenue Share, By Companies, 2024 |
10.2 Latvia Standalone Memory 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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