| Product Code: ETC5153006 | 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`s handbag import market in 2024 continued to be dominated by key players such as Italy, Germany, Spain, Poland, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with these countries maintaining a strong presence. The impressive compound annual growth rate (CAGR) of 45.45% from 2020 to 2024 underscores the growing demand for handbags in Latvia. Moreover, the notable growth rate of 28.67% from 2023 to 2024 suggests sustained momentum in the market, making it an attractive sector for further analysis and investment opportunities.

The Handbag market in Latvia is projected to grow at a stable growth rate of 3.94% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Handbag Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Handbag Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Handbag Market - Industry Life Cycle |
3.4 Latvia Handbag Market - Porter's Five Forces |
3.5 Latvia Handbag Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Handbag Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Handbag Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growing fashion consciousness and desire for trendy accessories |
4.2.3 Rise of e-commerce platforms making handbags more accessible to a wider audience |
4.3 Market Restraints |
4.3.1 Economic instability impacting consumer spending on non-essential items like handbags |
4.3.2 Competition from other fashion accessories such as backpacks or crossbody bags |
5 Latvia Handbag Market Trends |
6 Latvia Handbag Market Segmentations |
6.1 Latvia Handbag Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Handbag Market Revenues & Volume, By Satchel, 2021-2031F |
6.1.3 Latvia Handbag Market Revenues & Volume, By Bucket Bag, 2021-2031F |
6.1.4 Latvia Handbag Market Revenues & Volume, By Clutch, 2021-2031F |
6.1.5 Latvia Handbag Market Revenues & Volume, By Tote Bag, 2021-2031F |
6.1.6 Latvia Handbag Market Revenues & Volume, By Other Product Types, 2021-2031F |
6.2 Latvia Handbag Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Handbag Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.2.3 Latvia Handbag Market Revenues & Volume, By Offline Retail Stores, 2021-2031F |
7 Latvia Handbag Market Import-Export Trade Statistics |
7.1 Latvia Handbag Market Export to Major Countries |
7.2 Latvia Handbag Market Imports from Major Countries |
8 Latvia Handbag Market Key Performance Indicators |
8.1 Number of searches for handbags on e-commerce platforms in Latvia |
8.2 Average spending per customer on handbags in Latvia |
8.3 Number of new handbag designs released by local designers in Latvia |
9 Latvia Handbag Market - Opportunity Assessment |
9.1 Latvia Handbag Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Handbag Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Handbag Market - Competitive Landscape |
10.1 Latvia Handbag Market Revenue Share, By Companies, 2024 |
10.2 Latvia Handbag Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |