Key Market Indicators
Latvia is set to become a growing market for digital camcorders, with import and export set to increase over the next five years. In 2021, Latvia ranked 19th in imports, with 223,450 items, while in exports, the country was 14th with 169,050 items. The demand for digital camcorders has increased in Latvia by 16.9% since 2013, while the supply has grown by 29.9% over the same period. The United Kingdom, Germany and Poland were the top three countries in terms of imports, while Germany, Spain and Sweden were the top three in terms of exports. By 2026, it is expected that imports will reach 263,400 items and exports will reach 214,260 items, growing at a CAGR of 2.9% and 4.1% respectively.
