| Product Code: ETC5056049 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s synthetic sewing thread import market in 2024 continued to be dominated by shipments from Lithuania, Germany, China, Turkey, and Finland. Despite a moderate concentration level based on the HHI, the market experienced a significant decline with a CAGR of -11.56% from 2020 to 2024. The growth rate in 2024 alone dropped by -31.92%, indicating a challenging year for importers in this sector. Understanding the dynamics of these top exporting countries and the overall market trends will be crucial for stakeholders navigating the Latvian synthetic sewing thread import market.

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 Synthetic Sewing Thread Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Synthetic Sewing Thread Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Synthetic Sewing Thread Market - Industry Life Cycle |
3.4 Latvia Synthetic Sewing Thread Market - Porter's Five Forces |
3.5 Latvia Synthetic Sewing Thread Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Latvia Synthetic Sewing Thread Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.7 Latvia Synthetic Sewing Thread Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.8 Latvia Synthetic Sewing Thread Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Synthetic Sewing Thread Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the fashion industry leading to increased demand for synthetic sewing thread |
4.2.2 Technological advancements in thread manufacturing processes improving product quality and efficiency |
4.2.3 Rise in DIY culture and increasing interest in sewing and crafting activities |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Competition from alternative materials such as natural fibers affecting market share |
4.3.3 Economic downturns leading to decreased consumer spending on sewing products |
5 Latvia Synthetic Sewing Thread Market Trends |
6 Latvia Synthetic Sewing Thread Market Segmentations |
6.1 Latvia Synthetic Sewing Thread Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.3 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Nylon, 2021-2031F |
6.1.4 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Vinylon, 2021-2031F |
6.1.5 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.6 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Synthetic Sewing Thread Market, By Price |
6.2.1 Overview and Analysis |
6.2.2 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Low, 2021-2031F |
6.2.3 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Medium, 2021-2031F |
6.2.4 Latvia Synthetic Sewing Thread Market Revenues & Volume, By High/Premium, 2021-2031F |
6.3 Latvia Synthetic Sewing Thread Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Apparel, 2021-2031F |
6.3.3 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Footwear & Accessories, 2021-2031F |
6.3.4 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Home Interior, 2021-2031F |
6.3.5 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Synthetic Sewing Thread Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Offline, 2021-2031F |
6.4.3 Latvia Synthetic Sewing Thread Market Revenues & Volume, By Online, 2021-2031F |
7 Latvia Synthetic Sewing Thread Market Import-Export Trade Statistics |
7.1 Latvia Synthetic Sewing Thread Market Export to Major Countries |
7.2 Latvia Synthetic Sewing Thread Market Imports from Major Countries |
8 Latvia Synthetic Sewing Thread Market Key Performance Indicators |
8.1 Percentage of repeat customers indicating customer loyalty and satisfaction |
8.2 Number of new product launches showcasing innovation and market responsiveness |
8.3 Average order value reflecting customer purchasing behavior and market trends |
8.4 Percentage of market coverage in different regions highlighting market expansion efforts |
8.5 Customer retention rate showing the effectiveness of customer relationship management strategies |
9 Latvia Synthetic Sewing Thread Market - Opportunity Assessment |
9.1 Latvia Synthetic Sewing Thread Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Latvia Synthetic Sewing Thread Market Opportunity Assessment, By Price, 2021 & 2031F |
9.3 Latvia Synthetic Sewing Thread Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.4 Latvia Synthetic Sewing Thread Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Synthetic Sewing Thread Market - Competitive Landscape |
10.1 Latvia Synthetic Sewing Thread Market Revenue Share, By Companies, 2024 |
10.2 Latvia Synthetic Sewing Thread 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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