Electronics market in Latvia

Market development

eCommerce revenue development in the Monitors market in Latvia

The Latvian Monitors eCommerce market is predicted to reach US$5.5 million by 2024 and accounts for 22.0% of the Computing eCommerce market in Latvia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 1.8%, resulting in a projected market volume of US$5.9 million by 2028. The Monitors eCommerce market is a sub-market of the Computing market. Further categories within the Computing market are: Desktop PCs, Notebooks & Laptops, Other Computing, and Tablets.

eCommerce revenue development in the Monitors market in Latvia

in million US$

eCommerce revenue growth in the Monitors market in Latvia

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)59.580.850.46.663.726.588.758.6

Online share

eCommerce online share of the total Monitors market in Latvia

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Latvian Monitors retail market, the online share is 18.3% and will increase by an average of 23.4% to 42.4% by 2027.

eCommerce online share of the total Monitors market in Latvia

in %
20202021202220232024202520262027
Online share (in %)5.3%57.3%21.3%92.0%53.5%17.2%28.8%74.2%

Market definition

Definition of the Monitors market within the Electronics market

Market definition: Electronics > Consumer Electronics > Computing > Monitors The category Monitors includes the online trade of computer monitors (e.g. ultra-wide monitors, curved monitors, touchscreen monitors) and portable monitors. This category does not cover medical and healthcare monitors, projectors or monitor accessories (e.g. monitor stands and mounts). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Computer monitors (e.g. ultra-wide monitors, curved monitors, touchscreen monitors)
  • Portable monitors

Out-of-scope

  • Medical and healthcare monitors
  • Projectors
  • Monitor accessories (e.g. monitor stands and mounts)