| Product Code: ETC7906896 | 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 |
Latvia`s caravanning import market saw a shift in concentration levels from high to moderate in 2024, indicating increased diversification in import sources. The top exporting countries to Latvia in 2024 were the Netherlands, Germany, Lithuania, Poland, and Finland. Despite a decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 10.66%. This suggests a steady expansion of the caravanning import market in Latvia, with opportunities for further growth and market development in the coming years.

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 Caravanning Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Caravanning Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Caravanning Market - Industry Life Cycle |
3.4 Latvia Caravanning Market - Porter's Five Forces |
3.5 Latvia Caravanning Market Revenues & Volume Share, By Traveler Type, 2021 & 2031F |
3.6 Latvia Caravanning Market Revenues & Volume Share, By Caravan Type, 2021 & 2031F |
3.7 Latvia Caravanning Market Revenues & Volume Share, By Travelers Age Group, 2021 & 2031F |
4 Latvia Caravanning Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of outdoor recreational activities |
4.2.2 Growth in disposable income leading to higher spending on leisure activities |
4.2.3 Rising trend of experiential travel and exploration |
4.3 Market Restraints |
4.3.1 Seasonal nature of caravanning limiting year-round demand |
4.3.2 High upfront costs associated with purchasing caravans |
4.3.3 Limited availability of camping sites and infrastructure in Latvia |
5 Latvia Caravanning Market Trends |
6 Latvia Caravanning Market, By Types |
6.1 Latvia Caravanning Market, By Traveler Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Caravanning Market Revenues & Volume, By Traveler Type, 2021- 2031F |
6.1.3 Latvia Caravanning Market Revenues & Volume, By Domestic, 2021- 2031F |
6.1.4 Latvia Caravanning Market Revenues & Volume, By International, 2021- 2031F |
6.2 Latvia Caravanning Market, By Caravan Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Caravanning Market Revenues & Volume, By Towable Caravan, 2021- 2031F |
6.2.3 Latvia Caravanning Market Revenues & Volume, By Motorized, 2021- 2031F |
6.3 Latvia Caravanning Market, By Travelers Age Group |
6.3.1 Overview and Analysis |
6.3.2 Latvia Caravanning Market Revenues & Volume, By Below 30, 2021- 2031F |
6.3.3 Latvia Caravanning Market Revenues & Volume, By 30-54, 2021- 2031F |
6.3.4 Latvia Caravanning Market Revenues & Volume, By 55 & Above, 2021- 2031F |
7 Latvia Caravanning Market Import-Export Trade Statistics |
7.1 Latvia Caravanning Market Export to Major Countries |
7.2 Latvia Caravanning Market Imports from Major Countries |
8 Latvia Caravanning Market Key Performance Indicators |
8.1 Average length of stay at campgrounds |
8.2 Number of caravan rental services in Latvia |
8.3 Percentage of households with a caravan ownership |
9 Latvia Caravanning Market - Opportunity Assessment |
9.1 Latvia Caravanning Market Opportunity Assessment, By Traveler Type, 2021 & 2031F |
9.2 Latvia Caravanning Market Opportunity Assessment, By Caravan Type, 2021 & 2031F |
9.3 Latvia Caravanning Market Opportunity Assessment, By Travelers Age Group, 2021 & 2031F |
10 Latvia Caravanning Market - Competitive Landscape |
10.1 Latvia Caravanning Market Revenue Share, By Companies, 2024 |
10.2 Latvia Caravanning 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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