| Product Code: ETC5380303 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Imports of security printing products into Latvia continued to see significant growth in 2024, with top exporting countries such as Netherlands, Poland, Lithuania, Estonia, and Germany dominating the market. The Herfindahl-Hirschman Index (HHI) indicated a sharp increase in market concentration, reflecting a competitive landscape. The compound annual growth rate (CAGR) for the period 2020-2024 stood at a robust 12.36%, while the growth rate from 2023 to 2024 surged to an impressive 22.63%. This data suggests a thriving market for security printing imports in Latvia, driven by strong demand and strategic partnerships with key exporting nations.

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 Security Printing Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Security Printing Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Security Printing Market - Industry Life Cycle |
3.4 Latvia Security Printing Market - Porter's Five Forces |
3.5 Latvia Security Printing Market Revenues & Volume Share, By Printing Type, 2021 & 2031F |
3.6 Latvia Security Printing Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Security Printing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for secure printing solutions due to rising instances of counterfeiting and fraud. |
4.2.2 Stringent government regulations mandating security features in printed materials. |
4.2.3 Technological advancements leading to the development of more sophisticated security printing solutions. |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing advanced security printing technologies. |
4.3.2 Competition from digital alternatives impacting the demand for traditional security printing solutions. |
5 Latvia Security Printing Market Trends |
6 Latvia Security Printing Market Segmentations |
6.1 Latvia Security Printing Market, By Printing Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Security Printing Market Revenues & Volume, By Screen Printing, 2021-2031F |
6.1.3 Latvia Security Printing Market Revenues & Volume, By Letterpress Printing, 2021-2031F |
6.1.4 Latvia Security Printing Market Revenues & Volume, By Digital Printing, 2021-2031F |
6.1.5 Latvia Security Printing Market Revenues & Volume, By Lithographic Printing, 2021-2031F |
6.1.6 Latvia Security Printing Market Revenues & Volume, By Intaglio Printing, 2021-2031F |
6.1.7 Latvia Security Printing Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Security Printing Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Security Printing Market Revenues & Volume, By Cheques, 2021-2031F |
6.2.3 Latvia Security Printing Market Revenues & Volume, By Legal & Government Documents, 2021-2031F |
6.2.4 Latvia Security Printing Market Revenues & Volume, By Certificates, 2021-2031F |
6.2.5 Latvia Security Printing Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Security Printing Market Import-Export Trade Statistics |
7.1 Latvia Security Printing Market Export to Major Countries |
7.2 Latvia Security Printing Market Imports from Major Countries |
8 Latvia Security Printing Market Key Performance Indicators |
8.1 Adoption rate of new security printing technologies in Latvia. |
8.2 Rate of compliance with government regulations related to security printing. |
8.3 Number of reported cases of counterfeiting and fraud in printed materials in Latvia. |
9 Latvia Security Printing Market - Opportunity Assessment |
9.1 Latvia Security Printing Market Opportunity Assessment, By Printing Type, 2021 & 2031F |
9.2 Latvia Security Printing Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Security Printing Market - Competitive Landscape |
10.1 Latvia Security Printing Market Revenue Share, By Companies, 2024 |
10.2 Latvia Security Printing 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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