| Product Code: ETC5051793 | 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 Latvia`s jute bag imports from 2020 to 2024, the market continued to showcase high concentration, with top exporting countries being India, China, Estonia, Lithuania, and Vietnam. The sustained presence of these key players indicates a stable market share for jute bag imports into Latvia. This trend highlights the importance of these countries in supplying jute bags to meet the demand in Latvia, despite the overall negative growth rates.

The Jute Bag market in Latvia is projected to grow at a stable growth rate of 0.63% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Jute Bag Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Jute Bag Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Jute Bag Market - Industry Life Cycle |
3.4 Latvia Jute Bag Market - Porter's Five Forces |
3.5 Latvia Jute Bag Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Jute Bag Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.7 Latvia Jute Bag Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Jute Bag Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental sustainability |
4.2.2 Growing demand for eco-friendly packaging solutions |
4.2.3 Government initiatives promoting the use of biodegradable materials |
4.3 Market Restraints |
4.3.1 Competition from plastic and synthetic materials |
4.3.2 Fluctuations in raw material prices |
4.3.3 Limited availability of skilled labor for jute bag production |
5 Latvia Jute Bag Market Trends |
6 Latvia Jute Bag Market Segmentations |
6.1 Latvia Jute Bag Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Jute Bag Market Revenues & Volume, By Jute Sack Bags, 2021-2031F |
6.1.3 Latvia Jute Bag Market Revenues & Volume, By Jute Shopping Bags, 2021-2031F |
6.2 Latvia Jute Bag Market, By Price |
6.2.1 Overview and Analysis |
6.2.2 Latvia Jute Bag Market Revenues & Volume, By Premium, 2021-2031F |
6.2.3 Latvia Jute Bag Market Revenues & Volume, By Mass, 2021-2031F |
6.3 Latvia Jute Bag Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Jute Bag Market Revenues & Volume, By Retail, 2021-2031F |
6.3.3 Latvia Jute Bag Market Revenues & Volume, By Institutional, 2021-2031F |
7 Latvia Jute Bag Market Import-Export Trade Statistics |
7.1 Latvia Jute Bag Market Export to Major Countries |
7.2 Latvia Jute Bag Market Imports from Major Countries |
8 Latvia Jute Bag Market Key Performance Indicators |
8.1 Percentage of consumers choosing eco-friendly packaging options |
8.2 Number of government policies supporting the use of biodegradable materials |
8.3 Rate of adoption of jute bags by retailers and businesses in Latvia |
9 Latvia Jute Bag Market - Opportunity Assessment |
9.1 Latvia Jute Bag Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Jute Bag Market Opportunity Assessment, By Price, 2021 & 2031F |
9.3 Latvia Jute Bag Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Jute Bag Market - Competitive Landscape |
10.1 Latvia Jute Bag Market Revenue Share, By Companies, 2024 |
10.2 Latvia Jute Bag 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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