| Product Code: ETC5139041 | 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 |
In 2024, Latvia continued to import static random access memory predominantly from Germany, Netherlands, Lithuania, Poland, and Taiwan, Province of China. Despite a negative Compound Annual Growth Rate (CAGR) of -25.13% from 2020 to 2024 and a decline in growth rate of -6.59% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated moderate concentration in the market. This data suggests a stable but declining trend in static random access memory imports for Latvia, reflecting ongoing dynamics in the global semiconductor industry.

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 Static Random Access Memory Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Static Random Access Memory Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Static Random Access Memory Market - Industry Life Cycle |
3.4 Latvia Static Random Access Memory Market - Porter's Five Forces |
3.5 Latvia Static Random Access Memory Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Latvia Static Random Access Memory Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Static Random Access Memory Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Static Random Access Memory Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and gadgets in Latvia |
4.2.2 Growing adoption of IoT (Internet of Things) technology |
4.2.3 Technological advancements leading to higher memory requirements in devices |
4.3 Market Restraints |
4.3.1 Intense competition from global SRAM manufacturers |
4.3.2 Fluctuating prices of raw materials used in SRAM production |
5 Latvia Static Random Access Memory Market Trends |
6 Latvia Static Random Access Memory Market Segmentations |
6.1 Latvia Static Random Access Memory Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Latvia Static Random Access Memory Market Revenues & Volume, By Asynchronous SRAM, 2021-2031F |
6.1.3 Latvia Static Random Access Memory Market Revenues & Volume, By Synchronous SRAM, 2021-2031F |
6.2 Latvia Static Random Access Memory Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Static Random Access Memory Market Revenues & Volume, By Pseudo SRAM (PSRAM), 2021-2031F |
6.2.3 Latvia Static Random Access Memory Market Revenues & Volume, By Non Volatile SRAM (nvSRAM), 2021-2031F |
6.2.4 Latvia Static Random Access Memory Market Revenues & Volume, By Other Product Types, 2021-2031F |
6.3 Latvia Static Random Access Memory Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Static Random Access Memory Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.3.3 Latvia Static Random Access Memory Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.4 Latvia Static Random Access Memory Market Revenues & Volume, By Communication Sector, 2021-2031F |
6.3.5 Latvia Static Random Access Memory Market Revenues & Volume, By Other End Users, 2021-2031F |
7 Latvia Static Random Access Memory Market Import-Export Trade Statistics |
7.1 Latvia Static Random Access Memory Market Export to Major Countries |
7.2 Latvia Static Random Access Memory Market Imports from Major Countries |
8 Latvia Static Random Access Memory Market Key Performance Indicators |
8.1 Average selling price (ASP) of SRAM products in Latvia |
8.2 Adoption rate of new SRAM technologies in the market |
8.3 Number of patents filed for SRAM innovations in Latvia |
9 Latvia Static Random Access Memory Market - Opportunity Assessment |
9.1 Latvia Static Random Access Memory Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Latvia Static Random Access Memory Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Static Random Access Memory Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Static Random Access Memory Market - Competitive Landscape |
10.1 Latvia Static Random Access Memory Market Revenue Share, By Companies, 2024 |
10.2 Latvia Static Random Access 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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