| Product Code: ETC7921928 | 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 |
In 2024, Latvia saw consistent import shipments of solar shading systems from a diverse range of countries including Poland, Austria, Lithuania, Germany, and Sweden. The market remained relatively competitive with low concentration levels, indicating a healthy level of market diversity. However, the industry experienced a decline with a CAGR of -6.17% from 2020-24 and a notable decrease in growth rate of -22.16% from 2023-24. These trends suggest a challenging environment for solar shading system imports in Latvia, highlighting the need for strategic adjustments and market analysis 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 Solar Shading Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Solar Shading Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Solar Shading Systems Market - Industry Life Cycle |
3.4 Latvia Solar Shading Systems Market - Porter's Five Forces |
3.5 Latvia Solar Shading Systems Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Solar Shading Systems Market Revenues & Volume Share, By Geometry, 2021 & 2031F |
3.7 Latvia Solar Shading Systems Market Revenues & Volume Share, By Mechanism, 2021 & 2031F |
3.8 Latvia Solar Shading Systems Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.9 Latvia Solar Shading Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Solar Shading Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and sustainability |
4.2.2 Government incentives and regulations promoting the use of solar shading systems |
4.2.3 Growth in construction and real estate sectors in Latvia |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing solar shading systems |
4.3.2 Limited consumer awareness and understanding of the benefits of solar shading systems |
4.3.3 Long payback periods for investments in solar shading systems |
5 Latvia Solar Shading Systems Market Trends |
6 Latvia Solar Shading Systems Market, By Types |
6.1 Latvia Solar Shading Systems Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Solar Shading Systems Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Solar Shading Systems Market Revenues & Volume, By Blinds, 2021- 2031F |
6.1.4 Latvia Solar Shading Systems Market Revenues & Volume, By Shades, 2021- 2031F |
6.1.5 Latvia Solar Shading Systems Market Revenues & Volume, By Louvers, 2021- 2031F |
6.1.6 Latvia Solar Shading Systems Market Revenues & Volume, By Textiles, 2021- 2031F |
6.2 Latvia Solar Shading Systems Market, By Geometry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Solar Shading Systems Market Revenues & Volume, By Horizontal, 2021- 2031F |
6.2.3 Latvia Solar Shading Systems Market Revenues & Volume, By Vertical, 2021- 2031F |
6.2.4 Latvia Solar Shading Systems Market Revenues & Volume, By Egg-Crate, 2021- 2031F |
6.3 Latvia Solar Shading Systems Market, By Mechanism |
6.3.1 Overview and Analysis |
6.3.2 Latvia Solar Shading Systems Market Revenues & Volume, By Fixed, 2021- 2031F |
6.3.3 Latvia Solar Shading Systems Market Revenues & Volume, By Manual, 2021- 2031F |
6.3.4 Latvia Solar Shading Systems Market Revenues & Volume, By Motorized, 2021- 2031F |
6.4 Latvia Solar Shading Systems Market, By Material |
6.4.1 Overview and Analysis |
6.4.2 Latvia Solar Shading Systems Market Revenues & Volume, By Metal, 2021- 2031F |
6.4.3 Latvia Solar Shading Systems Market Revenues & Volume, By Glass, 2021- 2031F |
6.4.4 Latvia Solar Shading Systems Market Revenues & Volume, By Wood, 2021- 2031F |
6.4.5 Latvia Solar Shading Systems Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Latvia Solar Shading Systems Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Solar Shading Systems Market Revenues & Volume, By Non-residential, 2021- 2031F |
6.5.3 Latvia Solar Shading Systems Market Revenues & Volume, By Residential, 2021- 2031F |
7 Latvia Solar Shading Systems Market Import-Export Trade Statistics |
7.1 Latvia Solar Shading Systems Market Export to Major Countries |
7.2 Latvia Solar Shading Systems Market Imports from Major Countries |
8 Latvia Solar Shading Systems Market Key Performance Indicators |
8.1 Energy savings achieved through the use of solar shading systems |
8.2 Number of new residential and commercial buildings integrating solar shading systems |
8.3 Percentage of government projects incorporating solar shading systems |
9 Latvia Solar Shading Systems Market - Opportunity Assessment |
9.1 Latvia Solar Shading Systems Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Solar Shading Systems Market Opportunity Assessment, By Geometry, 2021 & 2031F |
9.3 Latvia Solar Shading Systems Market Opportunity Assessment, By Mechanism, 2021 & 2031F |
9.4 Latvia Solar Shading Systems Market Opportunity Assessment, By Material, 2021 & 2031F |
9.5 Latvia Solar Shading Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Solar Shading Systems Market - Competitive Landscape |
10.1 Latvia Solar Shading Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Solar Shading Systems 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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