Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#33 In EuropeBusiness
#27 In EuropeEmployees
#28 In EuropeWages
#30 In EuropeRevenue in the Photographic Activities industry in Europe is anticipated to contract at a compound annual rate of 5.8% to €11.4 billion over the five years through 2024. This decline in revenue is predominately due to the damage caused by the COVID-19 outbreak inflicted on much of the industry’s major photographic activities. The growth of online and amateur photography services has also greatly increased the industry’s revenue decline. The digitalisation of photography and reduced cost of photographic equipment have lowered the industry’s barriers to entry, adding intense emphasis on price and quality of service offered, eating into profitability.
Enterprises
Number of businesses in 2024
Biggest companies in the Photographic Activities in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Photographic Activities in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Photographic Activities industry in Latvia in 2024?
The market size of the Photographic Activities industry in Latvia is €9.1m in 2024.
How many businesses are there in the Photographic Activities in Latvia industry in 2024?
There are 794 businesses in the Photographic Activities industry in Latvia, which has grown at a CAGR of 7.5 % between 2019 and 2024.
Has the Photographic Activities industry in Latvia grown or declined over the past 5 years?
The market size of the Photographic Activities industry in Latvia has been declining at a CAGR of 5.1 % between 2019 and 2024.
What is the forecast growth of the Photographic Activities industry in Latvia over the next 5 years?
Over the next five years, the Photographic Activities industry in Latvia is expected to grow.
What does the Photographic Activities in Latvia include?
Portrait Photography and Image editing and development are part of the Photographic Activities industry.
How competitive is the Photographic Activities industry in Latvia?
The level of competition is high and steady in the Photographic Activities industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Film, Video & Television Programme Production in Latvia
- Film, Video & Television Programme Post-Production in Latvia
- Specialised Design Activities in Latvia
International industries
Table of Contents
About this industry
Industry definition
The industry includes professional photographers and photographic processing services. Services provided by photographers include portrait and aerial photography, specialist photography, photojournalism and the video recording of special events.
Related Terms
AERIAL PHOTOGRAPHY STOCK PHOTO PORTRAITUREWhat's included in this industry?
Portrait PhotographyImage editing and development Product photography Other photographic servicesCompanies
Industry Code
742 - Photographic activities in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Photographic Activities in Latvia industry?
Outlook
Analysis
What's driving the Photographic Activities in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Photographic Activities in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Photographic Activities in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Wedding photography revenue surges. As COVID-19 wound down, the wedding photography industry experienced a robust recovery due to postponed events and new bookings.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Photographic Activities in Latvia industry's products and services performing?
Analysis
What are innovations in the Photographic Activities in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Photographic Activities in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The fragmented nature of the industry creates competition. With numerous small businesses and owner-led companies, the photography market's highly fragmented structure has diluted the presence of larger companies.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Photographic Activities in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Copyrighting proves key to protecting revenue. Intellectual property rights are covered by EU copyright legislation, which regulates different elements of creator rights surrounding the protection of their original works.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Photographic Activities in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Automation drives operational efficiency. Emerging trends like digital cameras and photo-editing tools attract more professionals, while automation reduces purchase and wage costs in the industry.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Photographic Activities in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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