| Product Code: ETC7906863 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of capsule coffee machines to Latvia in 2024 saw a significant increase in concentration, with top exporting countries being Lithuania, Estonia, Poland, Hungary, and Germany. The HHI shifted from moderate to high concentration within a year, indicating a more consolidated market landscape. Despite a negative growth rate in 2024, the compound annual growth rate from 2020 to 2024 remained stable at 5.72%, highlighting a steady overall expansion in the market. This data suggests a dynamic and competitive market environment for capsule coffee machines 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 Capsule Coffee Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Capsule Coffee Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Capsule Coffee Machine Market - Industry Life Cycle |
3.4 Latvia Capsule Coffee Machine Market - Porter's Five Forces |
3.5 Latvia Capsule Coffee Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Capsule Coffee Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing trend of coffee consumption among Latvian consumers |
4.2.2 Growing preference for convenience and quick coffee solutions |
4.2.3 Rising disposable incomes leading to higher spending on premium coffee products |
4.3 Market Restraints |
4.3.1 Competition from traditional coffee brewing methods |
4.3.2 Price sensitivity of consumers towards capsule coffee machines |
4.3.3 Limited awareness and penetration of capsule coffee machines in the Latvian market |
5 Latvia Capsule Coffee Machine Market Trends |
6 Latvia Capsule Coffee Machine Market, By Types |
6.1 Latvia Capsule Coffee Machine Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Capsule Coffee Machine Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Capsule Coffee Machine Market Revenues & Volume, By Household, 2021- 2031F |
6.1.4 Latvia Capsule Coffee Machine Market Revenues & Volume, By Commercial, 2021- 2031F |
7 Latvia Capsule Coffee Machine Market Import-Export Trade Statistics |
7.1 Latvia Capsule Coffee Machine Market Export to Major Countries |
7.2 Latvia Capsule Coffee Machine Market Imports from Major Countries |
8 Latvia Capsule Coffee Machine Market Key Performance Indicators |
8.1 Average daily usage per capita of capsule coffee machines |
8.2 Percentage of households owning a capsule coffee machine |
8.3 Number of coffee shops and cafes offering capsule coffee as a menu option |
9 Latvia Capsule Coffee Machine Market - Opportunity Assessment |
9.1 Latvia Capsule Coffee Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Capsule Coffee Machine Market - Competitive Landscape |
10.1 Latvia Capsule Coffee Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Capsule Coffee Machine 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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