| Product Code: ETC4908685 | 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 import of tracksuits in 2024 continued to see significant growth, with Italy, Spain, Germany, Poland, and the Netherlands emerging as the top exporting countries. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a healthy level of competition. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 16.03%, with a notable growth rate of 8.67% from 2023 to 2024, highlighting the sustained demand for tracksuits 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 Tracksuits Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tracksuits Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tracksuits Market - Industry Life Cycle |
3.4 Latvia Tracksuits Market - Porter's Five Forces |
3.5 Latvia Tracksuits Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Tracksuits Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 Latvia Tracksuits Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Tracksuits Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of athleisure wear among consumers |
4.2.2 Growing interest in fitness and sports activities in Latvia |
4.2.3 Rise in demand for comfortable and versatile clothing options |
4.3 Market Restraints |
4.3.1 Competition from other sportswear brands and fashion trends |
4.3.2 Economic factors affecting consumer disposable income |
4.3.3 Seasonal variations impacting sales of tracksuits |
5 Latvia Tracksuits Market Trends |
6 Latvia Tracksuits Market Segmentations |
6.1 Latvia Tracksuits Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tracksuits Market Revenues & Volume, By Cotton , 2021-2031F |
6.1.3 Latvia Tracksuits Market Revenues & Volume, By Fiber, 2021-2031F |
6.1.4 Latvia Tracksuits Market Revenues & Volume, By Wool, 2021-2031F |
6.1.5 Latvia Tracksuits Market Revenues & Volume, By Others , 2021-2031F |
6.2 Latvia Tracksuits Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tracksuits Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 Latvia Tracksuits Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 Latvia Tracksuits Market Revenues & Volume, By Kids, 2021-2031F |
6.3 Latvia Tracksuits Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Tracksuits Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.3.3 Latvia Tracksuits Market Revenues & Volume, By E-commerce, 2021-2031F |
6.3.4 Latvia Tracksuits Market Revenues & Volume, By Brand Outlets, 2021-2031F |
6.3.5 Latvia Tracksuits Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Tracksuits Market Import-Export Trade Statistics |
7.1 Latvia Tracksuits Market Export to Major Countries |
7.2 Latvia Tracksuits Market Imports from Major Countries |
8 Latvia Tracksuits Market Key Performance Indicators |
8.1 Number of new entrants in the tracksuits market in Latvia |
8.2 Consumer engagement on social media platforms related to tracksuits |
8.3 Percentage increase in online searches for tracksuits in Latvia |
9 Latvia Tracksuits Market - Opportunity Assessment |
9.1 Latvia Tracksuits Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Tracksuits Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 Latvia Tracksuits Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Tracksuits Market - Competitive Landscape |
10.1 Latvia Tracksuits Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tracksuits 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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