| Product Code: ETC7906367 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of boxing gear to Latvia in 2024 show a promising trend with significant growth in both CAGR and growth rate compared to the previous year. The diversification of importing countries, including Italy, Lithuania, Poland, China, and Slovakia, indicates a widening market for boxing gear in Latvia. With a very low concentration of the Herfindahl-Hirschman Index (HHI) in 2024, there is healthy competition among suppliers. This dynamic market presents opportunities for both domestic retailers and international suppliers to capitalize on the increasing demand for boxing equipment in Latvia.

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 Boxing Gear Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Boxing Gear Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Boxing Gear Market - Industry Life Cycle |
3.4 Latvia Boxing Gear Market - Porter's Five Forces |
3.5 Latvia Boxing Gear Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Boxing Gear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of boxing as a fitness activity in Latvia |
4.2.2 Growing focus on health and wellness leading to higher demand for sports gear |
4.2.3 Rise in disposable income allowing consumers to invest in premium boxing equipment |
4.3 Market Restraints |
4.3.1 High competition from established global brands in the boxing gear market |
4.3.2 Limited availability of specialized boxing gear retailers in Latvia |
4.3.3 Impact of economic fluctuations on consumer spending behavior |
5 Latvia Boxing Gear Market Trends |
6 Latvia Boxing Gear Market, By Types |
6.1 Latvia Boxing Gear Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Boxing Gear Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Boxing Gear Market Revenues & Volume, By Punching Bags, 2021- 2031F |
6.1.4 Latvia Boxing Gear Market Revenues & Volume, By Gloves, 2021- 2031F |
6.1.5 Latvia Boxing Gear Market Revenues & Volume, By Protective Equipment, 2021- 2031F |
6.1.6 Latvia Boxing Gear Market Revenues & Volume, By Training Equipment, 2021- 2031F |
6.1.7 Latvia Boxing Gear Market Revenues & Volume, By Footwear, 2021- 2031F |
6.1.8 Latvia Boxing Gear Market Revenues & Volume, By Apparel, 2021- 2031F |
7 Latvia Boxing Gear Market Import-Export Trade Statistics |
7.1 Latvia Boxing Gear Market Export to Major Countries |
7.2 Latvia Boxing Gear Market Imports from Major Countries |
8 Latvia Boxing Gear Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Repeat purchase rate |
8.3 Website traffic conversion rate |
9 Latvia Boxing Gear Market - Opportunity Assessment |
9.1 Latvia Boxing Gear Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Boxing Gear Market - Competitive Landscape |
10.1 Latvia Boxing Gear Market Revenue Share, By Companies, 2024 |
10.2 Latvia Boxing Gear 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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