| Product Code: ETC7906318 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia witnessed a steady growth in boot import shipments with a notable CAGR of 13.72% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 at -19.19%, the market remained resilient. Top exporting countries like Poland, Italy, Germany, Belgium, and China continued to dominate the Latvian market, showcasing diversified sources. With low concentration indicated by the Herfindahl-Hirschman Index (HHI), the market appears competitive and open to a variety of import sources, indicating a promising landscape for the boot industry 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 Boot Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Boot Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Boot Market - Industry Life Cycle |
3.4 Latvia Boot Market - Porter's Five Forces |
3.5 Latvia Boot Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Boot Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Boot Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growing awareness and demand for sustainable and ethically produced boots |
4.2.3 Rising popularity of outdoor activities and adventure tourism in Latvia |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in demand for boots due to weather conditions |
4.3.2 Intense competition from international boot brands |
4.3.3 Economic uncertainty impacting consumer spending habits |
5 Latvia Boot Market Trends |
6 Latvia Boot Market, By Types |
6.1 Latvia Boot Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Boot Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Boot Market Revenues & Volume, By Chelsea Boots, 2021- 2031F |
6.1.4 Latvia Boot Market Revenues & Volume, By Military Boots, 2021- 2031F |
6.1.5 Latvia Boot Market Revenues & Volume, By Hiking Boots, 2021- 2031F |
6.1.6 Latvia Boot Market Revenues & Volume, By Regular boots, 2021- 2031F |
6.1.7 Latvia Boot Market Revenues & Volume, By Fashion boots, 2021- 2031F |
6.1.8 Latvia Boot Market Revenues & Volume, By Chukka boots, 2021- 2031F |
6.2 Latvia Boot Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Boot Market Revenues & Volume, By Online, 2021- 2031F |
6.2.3 Latvia Boot Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Boot Market Import-Export Trade Statistics |
7.1 Latvia Boot Market Export to Major Countries |
7.2 Latvia Boot Market Imports from Major Countries |
8 Latvia Boot Market Key Performance Indicators |
8.1 Percentage increase in online searches for sustainable boot options in Latvia |
8.2 Number of outdoor events and activities organized in Latvia |
8.3 Growth in the number of specialty stores selling boots with eco-friendly materials |
9 Latvia Boot Market - Opportunity Assessment |
9.1 Latvia Boot Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Boot Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Boot Market - Competitive Landscape |
10.1 Latvia Boot Market Revenue Share, By Companies, 2024 |
10.2 Latvia Boot 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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