Latvia Carpets & Rugs Market (2025-2031) | Growth, Size, Segmentation, Revenue, Value, Industry, Share, Trends, Companies, Forecast, Analysis & Outlook
Market Forecast By Material Type (Nylon, Polyester, Polypropylene, Cotton, Wool, Silk, Others), By Product Type (Woven, Tufted, Knotted, Needle-Punched, Others), By End Use (Residential, Commercial) And Competitive Landscape
| Product Code: ETC5516742 | 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 |
Latvia Carpets & Rugs Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s carpets and rugs import market in 2024 saw strong growth with a CAGR of 11.16% from 2020-24, despite a slight decline in growth rate from 2023-24 at -8.57%. The top exporting countries to Latvia were Germany, Sweden, Nepal, USA, and China, indicating a diverse range of sources. However, the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI) in 2024, suggesting potential challenges for market competitiveness and pricing dynamics. Vigilance and strategic planning will be crucial for stakeholders navigating this dynamic landscape.
Carpets & Rugs Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
In the Europe region, the Carpets & Rugs market in Latvia is projected to expand at a stable growth rate of 0.48% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.
Key Highlights of the Report:
- Latvia Carpets & Rugs Market Outlook
- Market Size of Latvia Carpets & Rugs Market, 2024
- Forecast of Latvia Carpets & Rugs Market, 2031
- Historical Data and Forecast of Latvia Carpets & Rugs Revenues & Volume for the Period 2021-2031
- Latvia Carpets & Rugs Market Trend Evolution
- Latvia Carpets & Rugs Market Drivers and Challenges
- Latvia Carpets & Rugs Price Trends
- Latvia Carpets & Rugs Porter`s Five Forces
- Latvia Carpets & Rugs Industry Life Cycle
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Material Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Nylon for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Polyester for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Polypropylene for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Cotton for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Wool for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Silk for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Woven for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Tufted for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Knotted for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Needle-Punched for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By End Use for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Latvia Carpets & Rugs Market Revenues & Volume By Commercial for the Period 2021-2031
- Latvia Carpets & Rugs Import Export Trade Statistics
- Market Opportunity Assessment By Material Type
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By End Use
- Latvia Carpets & Rugs Top Companies Market Share
- Latvia Carpets & Rugs Competitive Benchmarking By Technical and Operational Parameters
- Latvia Carpets & Rugs Company Profiles
- Latvia Carpets & Rugs Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Carpets & Rugs Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Carpets & Rugs Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Carpets & Rugs Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Carpets & Rugs Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Carpets & Rugs Market - Industry Life Cycle |
3.4 Latvia Carpets & Rugs Market - Porter's Five Forces |
3.5 Latvia Carpets & Rugs Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Latvia Carpets & Rugs Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Carpets & Rugs Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Carpets & Rugs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for home décor and interior design products |
4.2.2 Increasing disposable income of consumers in Latvia |
4.2.3 Rising awareness about the benefits of using carpets and rugs in homes |
4.3 Market Restraints |
4.3.1 Competition from alternative flooring options like hardwood and vinyl |
4.3.2 Fluctuating raw material prices affecting production costs |
5 Latvia Carpets & Rugs Market Trends |
6 Latvia Carpets & Rugs Market Segmentations |
6.1 Latvia Carpets & Rugs Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Carpets & Rugs Market Revenues & Volume, By Nylon, 2021-2031F |
6.1.3 Latvia Carpets & Rugs Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.4 Latvia Carpets & Rugs Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.5 Latvia Carpets & Rugs Market Revenues & Volume, By Cotton, 2021-2031F |
6.1.6 Latvia Carpets & Rugs Market Revenues & Volume, By Wool, 2021-2031F |
6.1.7 Latvia Carpets & Rugs Market Revenues & Volume, By Silk, 2021-2031F |
6.2 Latvia Carpets & Rugs Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Carpets & Rugs Market Revenues & Volume, By Woven, 2021-2031F |
6.2.3 Latvia Carpets & Rugs Market Revenues & Volume, By Tufted, 2021-2031F |
6.2.4 Latvia Carpets & Rugs Market Revenues & Volume, By Knotted, 2021-2031F |
6.2.5 Latvia Carpets & Rugs Market Revenues & Volume, By Needle-Punched, 2021-2031F |
6.2.6 Latvia Carpets & Rugs Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Carpets & Rugs Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Carpets & Rugs Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Latvia Carpets & Rugs Market Revenues & Volume, By Commercial, 2021-2031F |
7 Latvia Carpets & Rugs Market Import-Export Trade Statistics |
7.1 Latvia Carpets & Rugs Market Export to Major Countries |
7.2 Latvia Carpets & Rugs Market Imports from Major Countries |
8 Latvia Carpets & Rugs Market Key Performance Indicators |
8.1 Average selling price of carpets and rugs |
8.2 Number of new product launches in the market |
8.3 Consumer sentiment towards home furnishing products |
8.4 Adoption rate of eco-friendly and sustainable carpet materials |
8.5 Number of collaborations with interior designers or home décor influencers |
9 Latvia Carpets & Rugs Market - Opportunity Assessment |
9.1 Latvia Carpets & Rugs Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Latvia Carpets & Rugs Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Carpets & Rugs Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Carpets & Rugs Market - Competitive Landscape |
10.1 Latvia Carpets & Rugs Market Revenue Share, By Companies, 2024 |
10.2 Latvia Carpets & Rugs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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