| Product Code: ETC5853764 | 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 |
In 2024, Latvia continued to see a steady influx of diving equipment imports from top exporting countries like China, Poland, UK, Netherlands, and Lithuania. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a modest Compound Annual Growth Rate (CAGR) of 1.44% from 2020 to 2024. However, there was a significant decline in growth rate from 2023 to 2024 at -46.57%, signaling potential challenges or shifts in the market dynamics that importers and industry players should monitor closely.

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 Diving Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Diving Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Diving Equipment Market - Industry Life Cycle |
3.4 Latvia Diving Equipment Market - Porter's Five Forces |
3.5 Latvia Diving Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Diving Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Diving Equipment Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Diving Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of water sports and adventure activities in Latvia |
4.2.2 Growing tourism industry in Latvia, leading to higher demand for diving equipment |
4.2.3 Rising disposable income and spending on recreational activities by Latvian consumers |
4.3 Market Restraints |
4.3.1 Seasonal nature of diving in Latvia due to cold weather conditions |
4.3.2 High initial cost of diving equipment, limiting affordability for some consumers |
4.3.3 Lack of awareness and education about diving safety and equipment maintenance in the market |
5 Latvia Diving Equipment Market Trends |
6 Latvia Diving Equipment Market Segmentations |
6.1 Latvia Diving Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Diving Equipment Market Revenues & Volume, By Rebreather, 2021-2031F |
6.1.3 Latvia Diving Equipment Market Revenues & Volume, By Exposure Suit, 2021-2031F |
6.1.4 Latvia Diving Equipment Market Revenues & Volume, By Decompression Chamber, 2021-2031F |
6.2 Latvia Diving Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Diving Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Latvia Diving Equipment Market Revenues & Volume, By Defense, 2021-2031F |
6.2.4 Latvia Diving Equipment Market Revenues & Volume, By Civil, 2021-2031F |
6.3 Latvia Diving Equipment Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Diving Equipment Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Latvia Diving Equipment Market Revenues & Volume, By Naval, 2021-2031F |
6.3.4 Latvia Diving Equipment Market Revenues & Volume, By Aquaculture, 2021-2031F |
7 Latvia Diving Equipment Market Import-Export Trade Statistics |
7.1 Latvia Diving Equipment Market Export to Major Countries |
7.2 Latvia Diving Equipment Market Imports from Major Countries |
8 Latvia Diving Equipment Market Key Performance Indicators |
8.1 Number of diving certifications issued in Latvia |
8.2 Participation rates in diving courses and workshops |
8.3 Growth in the number of diving clubs and facilities in Latvia |
9 Latvia Diving Equipment Market - Opportunity Assessment |
9.1 Latvia Diving Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Diving Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Diving Equipment Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Diving Equipment Market - Competitive Landscape |
10.1 Latvia Diving Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Diving Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |