| Product Code: ETC7910248 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to import electronic noses primarily from Germany, Poland, Finland, Estonia, and China. Despite the diverse sources, the market showed low concentration with a Herfindahl-Hirschman Index (HHI) remaining low. The compound annual growth rate (CAGR) from 2020 to 2024 was negative at -0.53%, and there was a significant decline in growth rate from 2023 to 2024 at -12.2%. These trends indicate a challenging environment for electronic nose imports in Latvia, possibly influenced by various economic factors and market dynamics.

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 Electronic Nose Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electronic Nose Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electronic Nose Market - Industry Life Cycle |
3.4 Latvia Electronic Nose Market - Porter's Five Forces |
3.5 Latvia Electronic Nose Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Electronic Nose Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Latvia Electronic Nose Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Electronic Nose Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Electronic Nose Market Trends |
6 Latvia Electronic Nose Market, By Types |
6.1 Latvia Electronic Nose Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electronic Nose Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Electronic Nose Market Revenues & Volume, By Embedded Sensors, 2021- 2031F |
6.1.4 Latvia Electronic Nose Market Revenues & Volume, By Portable Devices, 2021- 2031F |
6.2 Latvia Electronic Nose Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electronic Nose Market Revenues & Volume, By Metal Oxide Semi-Conductor Sensors (MOS), 2021- 2031F |
6.2.3 Latvia Electronic Nose Market Revenues & Volume, By Quartz Crystal Microbalance (QCM), 2021- 2031F |
6.2.4 Latvia Electronic Nose Market Revenues & Volume, By Conducting Polymers (CP), 2021- 2031F |
6.2.5 Latvia Electronic Nose Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Electronic Nose Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electronic Nose Market Revenues & Volume, By Military and Defense, 2021- 2031F |
6.3.3 Latvia Electronic Nose Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.3.4 Latvia Electronic Nose Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.3.5 Latvia Electronic Nose Market Revenues & Volume, By Waste Management (Environmental Monitoring), 2021- 2031F |
6.3.6 Latvia Electronic Nose Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Electronic Nose Market Import-Export Trade Statistics |
7.1 Latvia Electronic Nose Market Export to Major Countries |
7.2 Latvia Electronic Nose Market Imports from Major Countries |
8 Latvia Electronic Nose Market Key Performance Indicators |
9 Latvia Electronic Nose Market - Opportunity Assessment |
9.1 Latvia Electronic Nose Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Electronic Nose Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Latvia Electronic Nose Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Electronic Nose Market - Competitive Landscape |
10.1 Latvia Electronic Nose Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electronic Nose 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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