Latvia Golf Ball Market (2025-2031) | Forecast, Analysis, Segmentation, Industry, Trends, Companies, Size, Revenue, Share, Growth, Outlook & Value
Market Forecast By Product (2-piece, 3-piece, 4-piece), By Application (Leisure, Professional) And Competitive Landscape
| Product Code: ETC5034503 | 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 Golf Ball Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of golf balls to Latvia in 2024 continued to see high concentration, with top exporting countries being Austria, Germany, Taiwan, Province of China, Poland, and Netherlands. Despite the decrease in the Herfindahl-Hirschman Index (HHI) from very high concentration in 2023 to high concentration in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -22.92%. Additionally, the growth rate in 2024 declined by 21.22% compared to the previous year, indicating a challenging market environment for golf ball imports in Latvia.
Golf Ball Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
By 2027, the Golf Ball market in Latvia is anticipated to reach a growth rate of 0.66%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.
Key Highlights of the Report:
- Latvia Golf Ball Market Outlook
- Market Size of Latvia Golf Ball Market, 2024
- Forecast of Latvia Golf Ball Market, 2031
- Historical Data and Forecast of Latvia Golf Ball Revenues & Volume for the Period 2021-2031
- Latvia Golf Ball Market Trend Evolution
- Latvia Golf Ball Market Drivers and Challenges
- Latvia Golf Ball Price Trends
- Latvia Golf Ball Porter`s Five Forces
- Latvia Golf Ball Industry Life Cycle
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By 2-piece for the Period 2021-2031
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By 3-piece for the Period 2021-2031
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By 4-piece for the Period 2021-2031
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By Leisure for the Period 2021-2031
- Historical Data and Forecast of Latvia Golf Ball Market Revenues & Volume By Professional for the Period 2021-2031
- Latvia Golf Ball Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Application
- Latvia Golf Ball Top Companies Market Share
- Latvia Golf Ball Competitive Benchmarking By Technical and Operational Parameters
- Latvia Golf Ball Company Profiles
- Latvia Golf Ball Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Golf Ball 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 Golf Ball 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 Golf Ball Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Golf Ball Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Golf Ball Market - Industry Life Cycle |
3.4 Latvia Golf Ball Market - Porter's Five Forces |
3.5 Latvia Golf Ball Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Golf Ball Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Golf Ball Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of golf as a leisure activity in Latvia |
4.2.2 Growth in disposable income leading to higher spending on recreational activities |
4.2.3 Rise in tourism industry promoting golf tourism in Latvia |
4.3 Market Restraints |
4.3.1 Limited awareness and access to golf facilities in certain regions of Latvia |
4.3.2 Seasonal nature of golf in Latvia due to weather conditions |
5 Latvia Golf Ball Market Trends |
6 Latvia Golf Ball Market Segmentations |
6.1 Latvia Golf Ball Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Golf Ball Market Revenues & Volume, By 2-piece, 2021-2031F |
6.1.3 Latvia Golf Ball Market Revenues & Volume, By 3-piece, 2021-2031F |
6.1.4 Latvia Golf Ball Market Revenues & Volume, By 4-piece, 2021-2031F |
6.2 Latvia Golf Ball Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Golf Ball Market Revenues & Volume, By Leisure, 2021-2031F |
6.2.3 Latvia Golf Ball Market Revenues & Volume, By Professional, 2021-2031F |
7 Latvia Golf Ball Market Import-Export Trade Statistics |
7.1 Latvia Golf Ball Market Export to Major Countries |
7.2 Latvia Golf Ball Market Imports from Major Countries |
8 Latvia Golf Ball Market Key Performance Indicators |
8.1 Number of golf courses opening in Latvia |
8.2 Percentage increase in golf participation rates among Latvian population |
8.3 Average spending on golf equipment per capita in Latvia |
8.4 Number of golf events and tournaments held in Latvia |
8.5 Growth in sponsorship and partnerships within the Latvian golf industry |
9 Latvia Golf Ball Market - Opportunity Assessment |
9.1 Latvia Golf Ball Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Golf Ball Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Golf Ball Market - Competitive Landscape |
10.1 Latvia Golf Ball Market Revenue Share, By Companies, 2024 |
10.2 Latvia Golf Ball Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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