| Product Code: ETC7908080 | 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 |
In 2024, Latvia continued to see a strong influx of commercial construction import shipments, with top exporters including Vietnam, Lithuania, Poland, Germany, and China. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry maintained a notable compound annual growth rate (CAGR) of 11.2% from 2020 to 2024. However, there was a significant decline in growth rate from 2023 to 2024, with a decrease of -32.68%, suggesting a potential shift in market dynamics or external factors impacting the sector`s performance.

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 Commercial Construction Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Construction Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Construction Market - Industry Life Cycle |
3.4 Latvia Commercial Construction Market - Porter's Five Forces |
3.5 Latvia Commercial Construction Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Commercial Construction Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Commercial Construction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for commercial spaces in Latvia |
4.2.2 Government investments in infrastructure development |
4.2.3 Increasing urbanization and population growth |
4.3 Market Restraints |
4.3.1 Fluctuating economic conditions |
4.3.2 Rising construction material costs |
4.3.3 Shortage of skilled labor in the construction industry |
5 Latvia Commercial Construction Market Trends |
6 Latvia Commercial Construction Market, By Types |
6.1 Latvia Commercial Construction Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Construction Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Commercial Construction Market Revenues & Volume, By New Construction, 2021- 2031F |
6.1.4 Latvia Commercial Construction Market Revenues & Volume, By Repair and Maintenance, 2021- 2031F |
6.1.5 Latvia Commercial Construction Market Revenues & Volume, By Refurbishment and Demolition, 2021- 2031F |
6.2 Latvia Commercial Construction Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Construction Market Revenues & Volume, By Leisure and Hospitality Buildings, 2021- 2031F |
6.2.3 Latvia Commercial Construction Market Revenues & Volume, By Office Buildings, 2021- 2031F |
6.2.4 Latvia Commercial Construction Market Revenues & Volume, By Outdoor Leisure Facilities, 2021- 2031F |
6.2.5 Latvia Commercial Construction Market Revenues & Volume, By Retail Buildings, 2021- 2031F |
7 Latvia Commercial Construction Market Import-Export Trade Statistics |
7.1 Latvia Commercial Construction Market Export to Major Countries |
7.2 Latvia Commercial Construction Market Imports from Major Countries |
8 Latvia Commercial Construction Market Key Performance Indicators |
8.1 Average project completion time |
8.2 Number of new commercial construction projects initiated |
8.3 Percentage of projects completed within budget |
8.4 Adoption rate of sustainable construction practices |
8.5 Level of foreign direct investment in commercial construction sector |
9 Latvia Commercial Construction Market - Opportunity Assessment |
9.1 Latvia Commercial Construction Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Commercial Construction Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Commercial Construction Market - Competitive Landscape |
10.1 Latvia Commercial Construction Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Construction 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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