| Product Code: ETC7921828 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s soft covering flooring import market saw significant growth in 2024, with top exporting countries including Poland, China, Belgium, Germany, and the Netherlands. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 12.06%, with a notable growth rate of 9.38% in 2024 alone. This data suggests a healthy and expanding market for soft covering flooring imports 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 Soft Covering Flooring Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Soft Covering Flooring Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Soft Covering Flooring Market - Industry Life Cycle |
3.4 Latvia Soft Covering Flooring Market - Porter's Five Forces |
3.5 Latvia Soft Covering Flooring Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Soft Covering Flooring Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Soft Covering Flooring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aesthetically pleasing and comfortable flooring options in residential and commercial spaces. |
4.2.2 Growing focus on sustainability and eco-friendly products driving the adoption of soft covering flooring materials. |
4.2.3 Renovation and remodeling activities in the housing sector boosting the demand for soft covering flooring products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall production costs of soft covering flooring. |
4.3.2 Competition from alternative flooring options like hardwood, laminate, and tiles affecting market penetration. |
4.3.3 Economic uncertainties and fluctuations influencing consumer spending on home improvement projects. |
5 Latvia Soft Covering Flooring Market Trends |
6 Latvia Soft Covering Flooring Market, By Types |
6.1 Latvia Soft Covering Flooring Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Soft Covering Flooring Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Soft Covering Flooring Market Revenues & Volume, By Carpet tiles, 2021- 2031F |
6.1.4 Latvia Soft Covering Flooring Market Revenues & Volume, By Broadloom, 2021- 2031F |
6.2 Latvia Soft Covering Flooring Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Soft Covering Flooring Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Latvia Soft Covering Flooring Market Revenues & Volume, By Commercial, 2021- 2031F |
7 Latvia Soft Covering Flooring Market Import-Export Trade Statistics |
7.1 Latvia Soft Covering Flooring Market Export to Major Countries |
7.2 Latvia Soft Covering Flooring Market Imports from Major Countries |
8 Latvia Soft Covering Flooring Market Key Performance Indicators |
8.1 Average installation time for soft covering flooring products. |
8.2 Percentage of soft covering flooring products with eco-friendly certifications. |
8.3 Customer satisfaction ratings for soft covering flooring installation services. |
9 Latvia Soft Covering Flooring Market - Opportunity Assessment |
9.1 Latvia Soft Covering Flooring Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Soft Covering Flooring Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Soft Covering Flooring Market - Competitive Landscape |
10.1 Latvia Soft Covering Flooring Market Revenue Share, By Companies, 2024 |
10.2 Latvia Soft Covering Flooring 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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