| Product Code: ETC7907121 | 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 |
Despite facing negative growth rates in recent years, Latvia continues to import a significant amount of casual and sports insoles, with top suppliers being Germany, Poland, China, Lithuania, and Estonia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new entrants. The declining CAGR from 2020 to 2024 and the further decrease in growth rate in 2024 raise concerns about the overall demand for insoles in Latvia. To succeed in this market, stakeholders may need to closely monitor changing consumer preferences and adapt their strategies accordingly.

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 Casual and Sports Insoles Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Casual and Sports Insoles Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Casual and Sports Insoles Market - Industry Life Cycle |
3.4 Latvia Casual and Sports Insoles Market - Porter's Five Forces |
3.5 Latvia Casual and Sports Insoles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Casual and Sports Insoles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Casual and Sports Insoles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about foot health and comfort among consumers |
4.2.2 Growing demand for athletic footwear and sports activities in Latvia |
4.2.3 Rise in disposable income leading to higher spending on premium insoles |
4.2.4 Innovation in materials and technology enhancing the performance of insoles |
4.3 Market Restraints |
4.3.1 High competition from existing and new market players |
4.3.2 Fluctuating raw material prices affecting production costs |
4.3.3 Limited availability of specialized retail outlets for selling insoles |
4.3.4 Lack of standardization in quality and sizing of insoles |
5 Latvia Casual and Sports Insoles Market Trends |
6 Latvia Casual and Sports Insoles Market, By Types |
6.1 Latvia Casual and Sports Insoles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Casual and Sports Insoles Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Casual and Sports Insoles Market Revenues & Volume, By Breathable Sweat-absorbent Insole, 2021- 2031F |
6.1.4 Latvia Casual and Sports Insoles Market Revenues & Volume, By Buffer Decompression Insole, 2021- 2031F |
6.1.5 Latvia Casual and Sports Insoles Market Revenues & Volume, By Anti-mildew Antibacterial Insole, 2021- 2031F |
6.2 Latvia Casual and Sports Insoles Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Casual and Sports Insoles Market Revenues & Volume, By Sports, 2021- 2031F |
6.2.3 Latvia Casual and Sports Insoles Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.4 Latvia Casual and Sports Insoles Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Casual and Sports Insoles Market Import-Export Trade Statistics |
7.1 Latvia Casual and Sports Insoles Market Export to Major Countries |
7.2 Latvia Casual and Sports Insoles Market Imports from Major Countries |
8 Latvia Casual and Sports Insoles Market Key Performance Indicators |
8.1 Consumer satisfaction rates with insoles comfort and performance |
8.2 Number of new product innovations and technological advancements in insoles |
8.3 Growth in the number of online and offline retailers stocking casual and sports insoles |
8.4 Percentage of consumers willing to pay a premium for high-quality insoles |
8.5 Adoption rate of custom-fit insoles among athletes and active individuals |
9 Latvia Casual and Sports Insoles Market - Opportunity Assessment |
9.1 Latvia Casual and Sports Insoles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Casual and Sports Insoles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Casual and Sports Insoles Market - Competitive Landscape |
10.1 Latvia Casual and Sports Insoles Market Revenue Share, By Companies, 2024 |
10.2 Latvia Casual and Sports Insoles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |