| Product Code: ETC10899445 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia`s tank import shipments in 2024 were primarily sourced from the USA, Estonia, Spain, Croatia, and Lithuania. Despite the diverse import sources, the market remained highly competitive with very low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). The market experienced a negative compound annual growth rate (CAGR) of -7.19% from 2020 to 2024, but showed a promising growth rate of 13.26% from 2023 to 2024. This suggests potential opportunities for market expansion and development in the tank import sector in Latvia.

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 Tank Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tank Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tank Market - Industry Life Cycle |
3.4 Latvia Tank Market - Porter's Five Forces |
3.5 Latvia Tank Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Tank Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Tank Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.8 Latvia Tank Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.9 Latvia Tank Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Latvia Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in defense and military infrastructure |
4.2.2 Growing focus on strengthening national security |
4.2.3 Technological advancements in tank manufacturing industry |
4.3 Market Restraints |
4.3.1 High costs associated with tank procurement and maintenance |
4.3.2 Regulatory challenges impacting the import/export of tanks |
4.3.3 Limited defense budget allocation for tank acquisitions |
5 Latvia Tank Market Trends |
6 Latvia Tank Market, By Types |
6.1 Latvia Tank Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tank Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Tank Market Revenues & Volume, By Storage Tank, 2021 - 2031F |
6.1.4 Latvia Tank Market Revenues & Volume, By Process Tank, 2021 - 2031F |
6.1.5 Latvia Tank Market Revenues & Volume, By Water Tank, 2021 - 2031F |
6.2 Latvia Tank Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tank Market Revenues & Volume, By Oil Storage, 2021 - 2031F |
6.2.3 Latvia Tank Market Revenues & Volume, By Chemical Processing, 2021 - 2031F |
6.2.4 Latvia Tank Market Revenues & Volume, By Water Storage, 2021 - 2031F |
6.3 Latvia Tank Market, By Material Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Tank Market Revenues & Volume, By Steel, 2021 - 2031F |
6.3.3 Latvia Tank Market Revenues & Volume, By Fiberglass, 2021 - 2031F |
6.3.4 Latvia Tank Market Revenues & Volume, By Polyethylene, 2021 - 2031F |
6.4 Latvia Tank Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Latvia Tank Market Revenues & Volume, By Large Volume, 2021 - 2031F |
6.4.3 Latvia Tank Market Revenues & Volume, By Medium Volume, 2021 - 2031F |
6.4.4 Latvia Tank Market Revenues & Volume, By Small Volume, 2021 - 2031F |
6.5 Latvia Tank Market, By Industry |
6.5.1 Overview and Analysis |
6.5.2 Latvia Tank Market Revenues & Volume, By Energy Sector, 2021 - 2031F |
6.5.3 Latvia Tank Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5.4 Latvia Tank Market Revenues & Volume, By Municipal Water Supply, 2021 - 2031F |
7 Latvia Tank Market Import-Export Trade Statistics |
7.1 Latvia Tank Market Export to Major Countries |
7.2 Latvia Tank Market Imports from Major Countries |
8 Latvia Tank Market Key Performance Indicators |
8.1 Average age of tanks in the Latvian military fleet |
8.2 Number of new tank procurement contracts signed |
8.3 Percentage of defense budget allocated to tank modernization initiatives |
9 Latvia Tank Market - Opportunity Assessment |
9.1 Latvia Tank Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Tank Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Tank Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.4 Latvia Tank Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.5 Latvia Tank Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Latvia Tank Market - Competitive Landscape |
10.1 Latvia Tank Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tank Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |