| Product Code: ETC5086905 | 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 |
Latvia`s shipping container import shipments in 2024 continued to show strong growth, with a notable increase in concentration among top exporting countries. The high Herfindahl-Hirschman Index (HHI) in 2023 further intensified in 2024, indicating a more concentrated market. China, Croatia, Lithuania, Czechia, and Germany emerged as key trade partners. With a robust Compound Annual Growth Rate (CAGR) of 14.16% from 2020 to 2024 and a solid growth rate of 7.37% from 2023 to 2024, Latvia`s import market remains dynamic and poised for further expansion.

By 2027, the Shipping Container market in Latvia is anticipated to reach a growth rate of 0.87%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Shipping Container Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Shipping Container Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Shipping Container Market - Industry Life Cycle |
3.4 Latvia Shipping Container Market - Porter's Five Forces |
3.5 Latvia Shipping Container Market Revenues & Volume Share, By Container Size, 2021 & 2031F |
3.6 Latvia Shipping Container Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Shipping Container Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Shipping Container Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for containerized shipping due to globalization and international trade growth |
4.2.2 Expansion of e-commerce leading to higher demand for shipping containers for transportation of goods |
4.2.3 Infrastructure developments and investments in Latvia's ports to enhance shipping capabilities |
4.3 Market Restraints |
4.3.1 Fluctuations in global trade policies and regulations impacting the shipping container market |
4.3.2 Volatility in fuel prices affecting transportation costs and container shipping rates |
5 Latvia Shipping Container Market Trends |
6 Latvia Shipping Container Market Segmentations |
6.1 Latvia Shipping Container Market, By Container Size |
6.1.1 Overview and Analysis |
6.1.2 Latvia Shipping Container Market Revenues & Volume, By Small Containers (20 feet), 2021-2031F |
6.1.3 Latvia Shipping Container Market Revenues & Volume, By Large Containers (40 feet), 2021-2031F |
6.1.4 Latvia Shipping Container Market Revenues & Volume, By High Cube Containers (40 feet), 2021-2031F |
6.2 Latvia Shipping Container Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Shipping Container Market Revenues & Volume, By Dry Storage Containers, 2021-2031F |
6.2.3 Latvia Shipping Container Market Revenues & Volume, By Flat Rack Containers, 2021-2031F |
6.2.4 Latvia Shipping Container Market Revenues & Volume, By Refrigerated Containers, 2021-2031F |
6.2.5 Latvia Shipping Container Market Revenues & Volume, By Special Purpose Containers, 2021-2031F |
6.2.6 Latvia Shipping Container Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Shipping Container Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Shipping Container Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Latvia Shipping Container Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.4 Latvia Shipping Container Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.5 Latvia Shipping Container Market Revenues & Volume, By Industrial Products, 2021-2031F |
6.3.6 Latvia Shipping Container Market Revenues & Volume, By Vehicle Transport, 2021-2031F |
6.3.7 Latvia Shipping Container Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Shipping Container Market Import-Export Trade Statistics |
7.1 Latvia Shipping Container Market Export to Major Countries |
7.2 Latvia Shipping Container Market Imports from Major Countries |
8 Latvia Shipping Container Market Key Performance Indicators |
8.1 Average container turnaround time at Latvia's ports |
8.2 Utilization rate of shipping containers in Latvia |
8.3 Number of new shipping routes established from Latvia's ports |
8.4 Percentage of container capacity utilized on major shipping routes from Latvia |
8.5 Average age of the shipping container fleet in Latvia |
9 Latvia Shipping Container Market - Opportunity Assessment |
9.1 Latvia Shipping Container Market Opportunity Assessment, By Container Size, 2021 & 2031F |
9.2 Latvia Shipping Container Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Shipping Container Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Shipping Container Market - Competitive Landscape |
10.1 Latvia Shipping Container Market Revenue Share, By Companies, 2024 |
10.2 Latvia Shipping Container 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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