| Product Code: ETC4905493 | 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`s carpet yarn import shipments saw a decline in growth rate with a CAGR of -11.56% from 2020 to 2024. Despite this, top exporting countries such as Lithuania, Germany, China, Turkey, and Finland continued to contribute significantly to Latvia`s imports. The market remained moderately concentrated in 2024, indicating stable competition among key players. However, the steep decline in growth rate from 2023 to 2024 at -31.92% highlights potential challenges faced by the industry that may require further analysis and strategic adjustments for future success.

By 2027, Latvia's Carpet Yarn market is forecasted to achieve a stable growth rate of 0.44%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Carpet Yarn Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Carpet Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Carpet Yarn Market - Industry Life Cycle |
3.4 Latvia Carpet Yarn Market - Porter's Five Forces |
3.5 Latvia Carpet Yarn Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Carpet Yarn Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Carpet Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for carpets and rugs in residential and commercial sectors |
4.2.2 Increasing focus on sustainable and eco-friendly yarn production |
4.2.3 Technological advancements in yarn spinning and dyeing processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as wool and synthetic fibers |
4.3.2 Intense competition from imported carpet yarn products |
4.3.3 Regulatory challenges related to environmental standards and certifications |
5 Latvia Carpet Yarn Market Trends |
6 Latvia Carpet Yarn Market Segmentations |
6.1 Latvia Carpet Yarn Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Carpet Yarn Market Revenues & Volume, By Nylon Carpet Fibers, 2021-2031F |
6.1.3 Latvia Carpet Yarn Market Revenues & Volume, By Polyester (PET) Carpet Fibers, 2021-2031F |
6.1.4 Latvia Carpet Yarn Market Revenues & Volume, By PTT (Triexta Polyester) Carpet Fibers, 2021-2031F |
6.1.5 Latvia Carpet Yarn Market Revenues & Volume, By Polypropylene (Olefin) Carpet Fibers, 2021-2031F |
6.1.6 Latvia Carpet Yarn Market Revenues & Volume, By Wool Carpet Fibers, 2021-2031F |
6.1.7 Latvia Carpet Yarn Market Revenues & Volume, By Cotton Carpet Fibers, 2021-2031F |
6.2 Latvia Carpet Yarn Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Carpet Yarn Market Revenues & Volume, By Commercial Use, 2021-2031F |
6.2.3 Latvia Carpet Yarn Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Carpet Yarn Market Revenues & Volume, By Industrial Use, 2021-2031F |
6.2.5 Latvia Carpet Yarn Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Carpet Yarn Market Import-Export Trade Statistics |
7.1 Latvia Carpet Yarn Market Export to Major Countries |
7.2 Latvia Carpet Yarn Market Imports from Major Countries |
8 Latvia Carpet Yarn Market Key Performance Indicators |
8.1 Percentage of yarn produced using sustainable practices |
8.2 Adoption rate of new yarn spinning technologies |
8.3 Average lead time from yarn production to finished carpet product |
9 Latvia Carpet Yarn Market - Opportunity Assessment |
9.1 Latvia Carpet Yarn Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Carpet Yarn Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Carpet Yarn Market - Competitive Landscape |
10.1 Latvia Carpet Yarn Market Revenue Share, By Companies, 2024 |
10.2 Latvia Carpet Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |