| Product Code: ETC5681795 | 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 |
Latvia`s granite import market showed significant growth in 2024, with top exporters being Finland, India, Lithuania, South Africa, and Ukraine. The market concentration, as measured by the HHI, increased from high to very high in 2024. The compound annual growth rate (CAGR) for the period 2020-2024 was an impressive 29.56%, indicating a strong upward trend in demand. Moreover, the growth rate from 2023 to 2024 surged to 40.67%, underscoring the robust expansion of the granite import market in Latvia.

By 2027, the Granite market in Latvia is anticipated to reach a growth rate of 0.53%, 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.

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 Granite Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Granite Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Granite Market - Industry Life Cycle |
3.4 Latvia Granite Market - Porter's Five Forces |
3.5 Latvia Granite Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Granite Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Granite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for construction materials in Latvia |
4.2.2 Increasing use of granite in interior design and landscaping projects |
4.2.3 Rising popularity of granite for kitchen countertops and bathroom vanities |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in granite production |
4.3.2 Environmental concerns related to quarrying and processing of granite |
4.3.3 Competition from alternative materials such as quartz and marble |
5 Latvia Granite Market Trends |
6 Latvia Granite Market Segmentations |
6.1 Latvia Granite Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Granite Market Revenues & Volume, By Granite Slabs, 2021-2031F |
6.1.3 Latvia Granite Market Revenues & Volume, By Granite Tiles, 2021-2031F |
6.1.4 Latvia Granite Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Granite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Granite Market Revenues & Volume, By Kitchen Countertops, 2021-2031F |
6.2.3 Latvia Granite Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.4 Latvia Granite Market Revenues & Volume, By Stair Treads, 2021-2031F |
6.2.5 Latvia Granite Market Revenues & Volume, By Monuments, 2021-2031F |
6.2.6 Latvia Granite Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Granite Market Import-Export Trade Statistics |
7.1 Latvia Granite Market Export to Major Countries |
7.2 Latvia Granite Market Imports from Major Countries |
8 Latvia Granite Market Key Performance Indicators |
8.1 Average selling price of granite products in Latvia |
8.2 Number of new construction projects utilizing granite |
8.3 Adoption rate of granite in residential and commercial construction applications |
9 Latvia Granite Market - Opportunity Assessment |
9.1 Latvia Granite Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Granite Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Granite Market - Competitive Landscape |
10.1 Latvia Granite Market Revenue Share, By Companies, 2024 |
10.2 Latvia Granite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |