| Product Code: ETC5409962 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of boomerangs to Latvia have shown a significant increase in concentration levels in 2024, with the top exporting countries being Sweden, Poland, China, Lithuania, and Russia. The industry has experienced a healthy Compound Annual Growth Rate (CAGR) of 12.37% from 2020 to 2024, with a notable growth rate of 11.63% from 2023 to 2024. This data indicates a growing demand for boomerangs in Latvia, presenting opportunities for market expansion and strategic partnerships with key exporting nations.

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 Boomerangs Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Boomerangs Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Boomerangs Market - Industry Life Cycle |
3.4 Latvia Boomerangs Market - Porter's Five Forces |
3.5 Latvia Boomerangs Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 Latvia Boomerangs Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Boomerangs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing interest in outdoor activities and recreational sports |
4.2.2 Growing tourism industry in Latvia attracting visitors looking for unique souvenirs |
4.2.3 Rising popularity of eco-friendly and sustainable products |
4.3 Market Restraints |
4.3.1 Seasonal demand due to weather conditions affecting outdoor activities |
4.3.2 Limited awareness and availability of Latvia boomerangs in international markets |
4.3.3 Competition from other traditional and modern outdoor games and sports equipment |
5 Latvia Boomerangs Market Trends |
6 Latvia Boomerangs Market Segmentations |
6.1 Latvia Boomerangs Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Latvia Boomerangs Market Revenues & Volume, By Plastic Made, 2021-2031F |
6.1.3 Latvia Boomerangs Market Revenues & Volume, By Wooden Made, 2021-2031F |
6.1.4 Latvia Boomerangs Market Revenues & Volume, By Other Materials Made, 2021-2031F |
6.2 Latvia Boomerangs Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Boomerangs Market Revenues & Volume, By Used as Sports Gears, 2021-2031F |
6.2.3 Latvia Boomerangs Market Revenues & Volume, By Used as Toys, 2021-2031F |
6.2.4 Latvia Boomerangs Market Revenues & Volume, By Used as Decorations, 2021-2031F |
6.2.5 Latvia Boomerangs Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Boomerangs Market Import-Export Trade Statistics |
7.1 Latvia Boomerangs Market Export to Major Countries |
7.2 Latvia Boomerangs Market Imports from Major Countries |
8 Latvia Boomerangs Market Key Performance Indicators |
8.1 Number of online searches for Latvia boomerangs |
8.2 Percentage of repeat customers purchasing Latvia boomerangs |
8.3 Number of eco-tourism initiatives promoting local products |
9 Latvia Boomerangs Market - Opportunity Assessment |
9.1 Latvia Boomerangs Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 Latvia Boomerangs Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Boomerangs Market - Competitive Landscape |
10.1 Latvia Boomerangs Market Revenue Share, By Companies, 2024 |
10.2 Latvia Boomerangs 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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