| Product Code: ETC7907689 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see consistent growth in cleat imports, with top exporting countries being Poland, Germany, China, Austria, and the Netherlands. The market remained fairly competitive with a low Herfindahl-Hirschman Index (HHI) concentration. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 was positive at 1.76%. This indicates a stable market with potential for further expansion and diversification in the coming years.

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 Cleat Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cleat Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cleat Market - Industry Life Cycle |
3.4 Latvia Cleat Market - Porter's Five Forces |
3.5 Latvia Cleat Market Revenues & Volume Share, By Ground Type, 2021 & 2031F |
3.6 Latvia Cleat Market Revenues & Volume Share, By Sports Type, 2021 & 2031F |
3.7 Latvia Cleat Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Cleat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing participation in sports activities and growing interest in fitness trends in Latvia |
4.2.2 Rising disposable income levels leading to higher spending on sports equipment |
4.2.3 Technological advancements in cleat design and materials improving performance and durability |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to weather conditions affecting outdoor sports activities |
4.3.2 Intense competition among cleat manufacturers leading to pricing pressures |
4.3.3 Economic uncertainties impacting consumer purchasing power and discretionary spending |
5 Latvia Cleat Market Trends |
6 Latvia Cleat Market, By Types |
6.1 Latvia Cleat Market, By Ground Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cleat Market Revenues & Volume, By Ground Type, 2021- 2031F |
6.1.3 Latvia Cleat Market Revenues & Volume, By Firm/Natural Grass, 2021- 2031F |
6.1.4 Latvia Cleat Market Revenues & Volume, By Soft/Muddy Grass, 2021- 2031F |
6.1.5 Latvia Cleat Market Revenues & Volume, By Artificial Grass, 2021- 2031F |
6.1.6 Latvia Cleat Market Revenues & Volume, By Multi-Ground, 2021- 2031F |
6.1.7 Latvia Cleat Market Revenues & Volume, By Artificial Turf, 2021- 2031F |
6.2 Latvia Cleat Market, By Sports Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cleat Market Revenues & Volume, By Soccer, 2021- 2031F |
6.2.3 Latvia Cleat Market Revenues & Volume, By Rugby, 2021- 2031F |
6.2.4 Latvia Cleat Market Revenues & Volume, By American Football, 2021- 2031F |
6.2.5 Latvia Cleat Market Revenues & Volume, By Cricket, 2021- 2031F |
6.2.6 Latvia Cleat Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Cleat Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cleat Market Revenues & Volume, By Store-Based, 2021- 2031F |
6.3.3 Latvia Cleat Market Revenues & Volume, By Non-Store Based, 2021- 2031F |
7 Latvia Cleat Market Import-Export Trade Statistics |
7.1 Latvia Cleat Market Export to Major Countries |
7.2 Latvia Cleat Market Imports from Major Countries |
8 Latvia Cleat Market Key Performance Indicators |
8.1 Average selling price of cleats in the Latvia market |
8.2 Number of new product launches in the cleat market |
8.3 Customer satisfaction ratings and feedback on cleat performance and comfort |
8.4 Percentage of market share held by local cleat brands |
8.5 Frequency of cleat purchases by recreational and professional athletes in Latvia |
9 Latvia Cleat Market - Opportunity Assessment |
9.1 Latvia Cleat Market Opportunity Assessment, By Ground Type, 2021 & 2031F |
9.2 Latvia Cleat Market Opportunity Assessment, By Sports Type, 2021 & 2031F |
9.3 Latvia Cleat Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Cleat Market - Competitive Landscape |
10.1 Latvia Cleat Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cleat 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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