| Product Code: ETC4997529 | 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 |
Despite a decline in the CAGR and growth rate for horse riding equipment imports in Latvia, the market remains relatively stable with low concentration levels indicated by the low HHI in 2024. Key exporting countries such as Germany, Poland, Estonia, Denmark, and Italy continue to provide a variety of products to meet the demand in Latvia. The steady flow of imports from these countries suggests a consistent interest in horse riding equipment in the Latvian market, despite the recent decline in growth rates.

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 Horse Riding Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Horse Riding Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Horse Riding Equipment Market - Industry Life Cycle |
3.4 Latvia Horse Riding Equipment Market - Porter's Five Forces |
3.5 Latvia Horse Riding Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Horse Riding Equipment Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.7 Latvia Horse Riding Equipment Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.8 Latvia Horse Riding Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.9 Latvia Horse Riding Equipment Market Revenues & Volume Share, By Consumer Orientation, 2021 & 2031F |
3.10 Latvia Horse Riding Equipment Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.11 Latvia Horse Riding Equipment Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Horse Riding Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of equestrian sports in Latvia |
4.2.2 Increasing disposable income of the population leading to higher spending on leisure activities |
4.2.3 Rise in tourism activities involving horse riding in Latvia |
4.3 Market Restraints |
4.3.1 High initial cost associated with purchasing horse riding equipment |
4.3.2 Limited awareness and availability of specialized horse riding equipment in the Latvian market |
5 Latvia Horse Riding Equipment Market Trends |
6 Latvia Horse Riding Equipment Market Segmentations |
6.1 Latvia Horse Riding Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Helmets, 2021-2031F |
6.1.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Vests, 2021-2031F |
6.1.4 Latvia Horse Riding Equipment Market Revenues & Volume, By Stirrups, 2021-2031F |
6.1.5 Latvia Horse Riding Equipment Market Revenues & Volume, By Saddle, 2021-2031F |
6.1.6 Latvia Horse Riding Equipment Market Revenues & Volume, By Halters, 2021-2031F |
6.1.7 Latvia Horse Riding Equipment Market Revenues & Volume, By Bridles, 2021-2031F |
6.1.9 Latvia Horse Riding Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Horse Riding Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Horse Riding Equipment Market, By Price Range |
6.2.1 Overview and Analysis |
6.2.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Mass, 2021-2031F |
6.2.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Premium, 2021-2031F |
6.3 Latvia Horse Riding Equipment Market, By Material Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Wooden, 2021-2031F |
6.3.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Metal, 2021-2031F |
6.3.4 Latvia Horse Riding Equipment Market Revenues & Volume, By Plastic, 2021-2031F |
6.3.5 Latvia Horse Riding Equipment Market Revenues & Volume, By Leather, 2021-2031F |
6.3.6 Latvia Horse Riding Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Horse Riding Equipment Market, By Equipment Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Equine Equipment, 2021-2031F |
6.4.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Rider Equipment, 2021-2031F |
6.5 Latvia Horse Riding Equipment Market, By Consumer Orientation |
6.5.1 Overview and Analysis |
6.5.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Male, 2021-2031F |
6.5.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Female, 2021-2031F |
6.5.4 Latvia Horse Riding Equipment Market Revenues & Volume, By Kids, 2021-2031F |
6.6 Latvia Horse Riding Equipment Market, By End-user |
6.6.1 Overview and Analysis |
6.6.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Amateurs, 2021-2031F |
6.6.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Professionals, 2021-2031F |
6.7 Latvia Horse Riding Equipment Market, By Sales Channel |
6.7.1 Overview and Analysis |
6.7.2 Latvia Horse Riding Equipment Market Revenues & Volume, By Hypermarket/Supermarket, 2021-2031F |
6.7.3 Latvia Horse Riding Equipment Market Revenues & Volume, By Independent Sports Outlet, 2021-2031F |
6.7.4 Latvia Horse Riding Equipment Market Revenues & Volume, By Franchised Sports Outlet, 2021-2031F |
6.7.5 Latvia Horse Riding Equipment Market Revenues & Volume, By Franchised Sports Outlet, 2021-2031F |
6.7.6 Latvia Horse Riding Equipment Market Revenues & Volume, By Direct-to-Customer Online Channel, 2021-2031F |
6.7.7 Latvia Horse Riding Equipment Market Revenues & Volume, By Direct-to-Customer Institutional Channel, 2021-2031F |
6.7.8 Latvia Horse Riding Equipment Market Revenues & Volume, By Third Party Online Channels, 2021-2031F |
6.7.9 Latvia Horse Riding Equipment Market Revenues & Volume, By Third Party Online Channels, 2021-2031F |
7 Latvia Horse Riding Equipment Market Import-Export Trade Statistics |
7.1 Latvia Horse Riding Equipment Market Export to Major Countries |
7.2 Latvia Horse Riding Equipment Market Imports from Major Countries |
8 Latvia Horse Riding Equipment Market Key Performance Indicators |
8.1 Average number of horse riding events or competitions in Latvia per year |
8.2 Number of horse riding clubs or schools in Latvia offering lessons or training |
8.3 Percentage of households in Latvia participating in equestrian sports |
9 Latvia Horse Riding Equipment Market - Opportunity Assessment |
9.1 Latvia Horse Riding Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Horse Riding Equipment Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.3 Latvia Horse Riding Equipment Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.4 Latvia Horse Riding Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.5 Latvia Horse Riding Equipment Market Opportunity Assessment, By Consumer Orientation, 2021 & 2031F |
9.6 Latvia Horse Riding Equipment Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.7 Latvia Horse Riding Equipment Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Horse Riding Equipment Market - Competitive Landscape |
10.1 Latvia Horse Riding Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Horse Riding Equipment 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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