| Product Code: ETC4652261 | 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 |
In 2024, Latvia continued to see significant imports of textile waste, with top exporting countries being Italy, Poland, Germany, Austria, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry experienced a sharp decline with a negative Compound Annual Growth Rate (CAGR) of -7.45% from 2020 to 2024. Furthermore, the growth rate plummeted by -45.16% from 2023 to 2024, reflecting a challenging year for the textile waste import market 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 Textile Waste Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Textile Waste Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Textile Waste Market - Industry Life Cycle |
3.4 Latvia Textile Waste Market - Porter's Five Forces |
3.5 Latvia Textile Waste Market Revenues & Volume Share, By Solution Types, 2021 & 2031F |
3.6 Latvia Textile Waste Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
4 Latvia Textile Waste Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about sustainability and environmental concerns |
4.2.2 Growing demand for recycled and upcycled products |
4.2.3 Government initiatives promoting circular economy practices in the textile industry |
4.3 Market Restraints |
4.3.1 Lack of proper infrastructure for textile waste collection and recycling |
4.3.2 Limited consumer awareness about the importance of textile waste management |
4.3.3 High costs associated with recycling textile waste |
5 Latvia Textile Waste Market Trends |
6 Latvia Textile Waste Market Segmentations |
6.1 Latvia Textile Waste Market, By Solution Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Textile Waste Market Revenues & Volume, By Source Reduction Solutions, 2021-2031F |
6.1.3 Latvia Textile Waste Market Revenues & Volume, By Landfills Solutions, 2021-2031F |
6.1.4 Latvia Textile Waste Market Revenues & Volume, By Recycling Solutions, 2021-2031F |
6.1.5 Latvia Textile Waste Market Revenues & Volume, By Incineration Solutions, 2021-2031F |
6.2 Latvia Textile Waste Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Latvia Textile Waste Market Revenues & Volume, By Spinning waste, 2021-2031F |
6.2.3 Latvia Textile Waste Market Revenues & Volume, By Weaving waste, 2021-2031F |
6.2.4 Latvia Textile Waste Market Revenues & Volume, By Knitting waste, 2021-2031F |
6.2.5 Latvia Textile Waste Market Revenues & Volume, By Dyeing waste, 2021-2031F |
6.2.6 Latvia Textile Waste Market Revenues & Volume, By Clothing waste, 2021-2031F |
6.2.7 Latvia Textile Waste Market Revenues & Volume, By Consumer waste, 2021-2031F |
7 Latvia Textile Waste Market Import-Export Trade Statistics |
7.1 Latvia Textile Waste Market Export to Major Countries |
7.2 Latvia Textile Waste Market Imports from Major Countries |
8 Latvia Textile Waste Market Key Performance Indicators |
8.1 Percentage increase in the amount of textile waste recycled annually |
8.2 Adoption rate of eco-friendly textile waste management practices by textile companies |
8.3 Number of partnerships between textile manufacturers and recycling facilities |
8.4 Average time taken to process and recycle textile waste |
9 Latvia Textile Waste Market - Opportunity Assessment |
9.1 Latvia Textile Waste Market Opportunity Assessment, By Solution Types, 2021 & 2031F |
9.2 Latvia Textile Waste Market Opportunity Assessment, By Product Types, 2021 & 2031F |
10 Latvia Textile Waste Market - Competitive Landscape |
10.1 Latvia Textile Waste Market Revenue Share, By Companies, 2024 |
10.2 Latvia Textile Waste 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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