Latvia Gemstones Market (2025-2031) | Forecast, Outlook, Companies, Growth, Segmentation, Size, Revenue, Analysis, Trends, Share, Value & Industry
Market Forecast By Type (Precious stone, Semi- precious stone, Others), By Applications (Fashion, Astrology, Others), By Distribution Channel (Offline Retail, Online Retail) And Competitive Landscape
| Product Code: ETC4938477 | 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 |
Latvia Gemstones Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s gemstones import market saw significant growth in 2024, with top exporters being Hong Kong, Thailand, India, Switzerland, and China. The market concentration, as measured by the HHI, remained high in 2024, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 25.2%, showcasing a robust market expansion. Additionally, the growth rate from 2023 to 2024 stood at 9.56%, pointing towards continued momentum in the import of gemstones into Latvia. This data suggests a thriving market with strong potential for further development.
Gemstones Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Gemstones market in Latvia is projected to grow at a growing growth rate of 5.98% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.
Key Highlights of the Report:
- Latvia Gemstones Market Outlook
- Market Size of Latvia Gemstones Market, 2024
- Forecast of Latvia Gemstones Market, 2031
- Historical Data and Forecast of Latvia Gemstones Revenues & Volume for the Period 2021-2031
- Latvia Gemstones Market Trend Evolution
- Latvia Gemstones Market Drivers and Challenges
- Latvia Gemstones Price Trends
- Latvia Gemstones Porter`s Five Forces
- Latvia Gemstones Industry Life Cycle
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Precious stone for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Semi- precious stone for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Applications for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Fashion for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Astrology for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Offline Retail for the Period 2021-2031
- Historical Data and Forecast of Latvia Gemstones Market Revenues & Volume By Online Retail for the Period 2021-2031
- Latvia Gemstones Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Applications
- Market Opportunity Assessment By Distribution Channel
- Latvia Gemstones Top Companies Market Share
- Latvia Gemstones Competitive Benchmarking By Technical and Operational Parameters
- Latvia Gemstones Company Profiles
- Latvia Gemstones Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Gemstones 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 Gemstones 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 Gemstones Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Gemstones Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Gemstones Market - Industry Life Cycle |
3.4 Latvia Gemstones Market - Porter's Five Forces |
3.5 Latvia Gemstones Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Gemstones Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Latvia Gemstones Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Gemstones Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for unique and natural gemstones |
4.2.2 Increasing disposable income of consumers |
4.2.3 Rise in popularity of gemstone jewelry for personal adornment and gifting |
4.3 Market Restraints |
4.3.1 Fluctuating prices of gemstones due to market speculation |
4.3.2 Limited availability of high-quality gemstones |
4.3.3 Competition from synthetic gemstones in the market |
5 Latvia Gemstones Market Trends |
6 Latvia Gemstones Market Segmentations |
6.1 Latvia Gemstones Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Gemstones Market Revenues & Volume, By Precious stone, 2021-2031F |
6.1.3 Latvia Gemstones Market Revenues & Volume, By Semi- precious stone, 2021-2031F |
6.1.4 Latvia Gemstones Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Gemstones Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Gemstones Market Revenues & Volume, By Fashion, 2021-2031F |
6.2.3 Latvia Gemstones Market Revenues & Volume, By Astrology, 2021-2031F |
6.2.4 Latvia Gemstones Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Gemstones Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Gemstones Market Revenues & Volume, By Offline Retail, 2021-2031F |
6.3.3 Latvia Gemstones Market Revenues & Volume, By Online Retail, 2021-2031F |
7 Latvia Gemstones Market Import-Export Trade Statistics |
7.1 Latvia Gemstones Market Export to Major Countries |
7.2 Latvia Gemstones Market Imports from Major Countries |
8 Latvia Gemstones Market Key Performance Indicators |
8.1 Number of new gemstone mines discovered in Latvia |
8.2 Average selling price of gemstones in the market |
8.3 Percentage increase in the number of gemstone jewelry retailers carrying Latvian gemstones |
9 Latvia Gemstones Market - Opportunity Assessment |
9.1 Latvia Gemstones Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Gemstones Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Latvia Gemstones Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Gemstones Market - Competitive Landscape |
10.1 Latvia Gemstones Market Revenue Share, By Companies, 2024 |
10.2 Latvia Gemstones Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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