| Product Code: ETC5153272 | 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 |
In 2024, Latvia continued to see a steady flow of holster imports from neighboring countries like Estonia, Finland, and Lithuania, as well as from countries further afield such as Pakistan and Germany. Despite a moderate concentration of market share, the industry experienced a slight decline with a negative Compound Annual Growth Rate (CAGR) of -0.33% from 2020 to 2024. The growth rate in 2024 also dipped by -2.66% compared to the previous year, indicating a challenging period for the Latvian holster import market.

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 Holster Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Holster Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Holster Market - Industry Life Cycle |
3.4 Latvia Holster Market - Porter's Five Forces |
3.5 Latvia Holster Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Holster Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Holster Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for concealed carry options |
4.2.2 Growing awareness about personal safety and security |
4.2.3 Technological advancements in holster designs and materials |
4.3 Market Restraints |
4.3.1 Stringent government regulations on firearms and accessories |
4.3.2 Limited consumer awareness about the benefits of using holsters |
4.3.3 Competition from alternative safety and security products |
5 Latvia Holster Market Trends |
6 Latvia Holster Market Segmentations |
6.1 Latvia Holster Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Holster Market Revenues & Volume, By Leather, 2021-2031F |
6.1.3 Latvia Holster Market Revenues & Volume, By Nylon, 2021-2031F |
6.1.4 Latvia Holster Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.5 Latvia Holster Market Revenues & Volume, By Other, 2021-2031F |
6.2 Latvia Holster Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Holster Market Revenues & Volume, By Civil, 2021-2031F |
6.2.3 Latvia Holster Market Revenues & Volume, By Armed Forces, 2021-2031F |
6.2.4 Latvia Holster Market Revenues & Volume, By others, 2021-2031F |
7 Latvia Holster Market Import-Export Trade Statistics |
7.1 Latvia Holster Market Export to Major Countries |
7.2 Latvia Holster Market Imports from Major Countries |
8 Latvia Holster Market Key Performance Indicators |
8.1 Number of new holster designs introduced in the market |
8.2 Percentage increase in online searches for holsters in Latvia |
8.3 Average time spent on holster-related content online |
9 Latvia Holster Market - Opportunity Assessment |
9.1 Latvia Holster Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Holster Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Holster Market - Competitive Landscape |
10.1 Latvia Holster Market Revenue Share, By Companies, 2024 |
10.2 Latvia Holster 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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