| Product Code: ETC4776350 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Latvia Handicraft Market is projected to witness mixed growth rate patterns during 2025 to 2029. Commencing at 0.51% in 2025, growth builds up to 2.84% by 2029.

By 2027, the Handicraft market in Latvia is anticipated to reach a growth rate of 0.43%, 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 Handicraft Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Handicraft Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Handicraft Market - Industry Life Cycle |
3.4 Latvia Handicraft Market - Porter's Five Forces |
3.5 Latvia Handicraft Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Handicraft Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Latvia Handicraft Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Handicraft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of handmade and unique products |
4.2.2 Increasing demand for authentic and locally-made goods |
4.2.3 Rising interest in sustainable and eco-friendly products |
4.2.4 Government support and initiatives to promote traditional crafts |
4.3 Market Restraints |
4.3.1 Limited access to raw materials and resources |
4.3.2 High competition from mass-produced goods |
4.3.3 Challenges in scaling production while maintaining quality standards |
4.3.4 Dependency on tourism and seasonal demand fluctuations |
5 Latvia Handicraft Market Trends |
6 Latvia Handicraft Market Segmentations |
6.1 Latvia Handicraft Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Handicraft Market Revenues & Volume, By Woodware, 2021-2031F |
6.1.3 Latvia Handicraft Market Revenues & Volume, By Art metal Ware, 2021-2031F |
6.1.4 Latvia Handicraft Market Revenues & Volume, By Handprinted Textiles and Scarves, 2021-2031F |
6.1.5 Latvia Handicraft Market Revenues & Volume, By Embroidered and Crocheted Goods, 2021-2031F |
6.1.6 Latvia Handicraft Market Revenues & Volume, By Zari and Zari Goods, 2021-2031F |
6.1.7 Latvia Handicraft Market Revenues & Volume, By Imitation Jewelry, 2021-2031F |
6.1.9 Latvia Handicraft Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Handicraft Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Handicraft Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Handicraft Market Revenues & Volume, By Mass Retailers, 2021-2031F |
6.2.3 Latvia Handicraft Market Revenues & Volume, By Departmental Stores, 2021-2031F |
6.2.4 Latvia Handicraft Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.2.5 Latvia Handicraft Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.6 Latvia Handicraft Market Revenues & Volume, By Online Stores, 2021-2031F |
6.2.7 Latvia Handicraft Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Handicraft Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Handicraft Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Latvia Handicraft Market Revenues & Volume, By Commercial, 2021-2031F |
7 Latvia Handicraft Market Import-Export Trade Statistics |
7.1 Latvia Handicraft Market Export to Major Countries |
7.2 Latvia Handicraft Market Imports from Major Countries |
8 Latvia Handicraft Market Key Performance Indicators |
8.1 Number of artisans and crafters participating in local markets and events |
8.2 Consumer awareness and interest in traditional Latvian handicrafts |
8.3 Percentage of revenue generated from exports of Latvian handicraft products |
8.4 Sustainability practices adopted by handicraft businesses |
8.5 Participation in government-sponsored programs and initiatives for the preservation of traditional crafts |
9 Latvia Handicraft Market - Opportunity Assessment |
9.1 Latvia Handicraft Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Handicraft Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Latvia Handicraft Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Handicraft Market - Competitive Landscape |
10.1 Latvia Handicraft Market Revenue Share, By Companies, 2024 |
10.2 Latvia Handicraft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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