| Product Code: ETC7924755 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of winter sporting goods saw a significant increase in concentration in 2024, with top exporting countries being Austria, Metropolitan France, Finland, Switzerland, and Norway. Despite a high concentration, the market experienced a decline in growth rate from 2023 to 2024. However, the compound annual growth rate (CAGR) from 2020 to 2024 indicates strong overall growth at 30.73%. This suggests a competitive market landscape with potential opportunities for further expansion and diversification in the winter sports equipment sector 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 Winter SportingGoods Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Winter SportingGoods Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Winter SportingGoods Market - Industry Life Cycle |
3.4 Latvia Winter SportingGoods Market - Porter's Five Forces |
3.5 Latvia Winter SportingGoods Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Winter SportingGoods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Winter SportingGoods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of winter sports among Latvians |
4.2.2 Growth in disposable income leading to higher spending on recreational activities |
4.2.3 Government initiatives to promote winter sports tourism in Latvia |
4.3 Market Restraints |
4.3.1 Seasonal nature of winter sports leading to fluctuating demand |
4.3.2 Dependence on weather conditions for optimal winter sports activities |
4.3.3 Competition from other leisure activities in Latvia |
5 Latvia Winter SportingGoods Market Trends |
6 Latvia Winter SportingGoods Market, By Types |
6.1 Latvia Winter SportingGoods Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Winter SportingGoods Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Winter SportingGoods Market Revenues & Volume, By Sleds (Plastic, Foam and Others), 2021- 2031F |
6.1.4 Latvia Winter SportingGoods Market Revenues & Volume, By Tubes (Plastic, Foam and Others), 2021- 2031F |
6.2 Latvia Winter SportingGoods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Winter SportingGoods Market Revenues & Volume, By Online, 2021- 2031F |
6.2.3 Latvia Winter SportingGoods Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Winter SportingGoods Market Import-Export Trade Statistics |
7.1 Latvia Winter SportingGoods Market Export to Major Countries |
7.2 Latvia Winter SportingGoods Market Imports from Major Countries |
8 Latvia Winter SportingGoods Market Key Performance Indicators |
8.1 Number of winter sports events organized in Latvia |
8.2 Participation rate in winter sports activities among Latvians |
8.3 Number of winter sports facilities and infrastructure developments in Latvia |
9 Latvia Winter SportingGoods Market - Opportunity Assessment |
9.1 Latvia Winter SportingGoods Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Winter SportingGoods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Winter SportingGoods Market - Competitive Landscape |
10.1 Latvia Winter SportingGoods Market Revenue Share, By Companies, 2024 |
10.2 Latvia Winter SportingGoods 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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