| Product Code: ETC4794704 | 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 luggage import shipments in 2024 saw significant growth, with top exporters being China, Belgium, Lithuania, Italy, and Poland. The market remains competitive with low Herfindahl-Hirschman Index (HHI) concentration, indicating a diverse range of sources. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 24.14%, and the growth rate from 2023 to 2024 spiked at 30.4%. These figures suggest a robust demand for luggage imports in Latvia, with a positive outlook for the industry`s expansion in the coming years.

The Luggage market in Latvia is projected to grow at a stable growth rate of 3.41% 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 Luggage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Luggage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Luggage Market - Industry Life Cycle |
3.4 Latvia Luggage Market - Porter's Five Forces |
3.5 Latvia Luggage Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Luggage Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Luggage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growth in tourism industry leading to higher demand for luggage |
4.2.3 Adoption of e-commerce driving online sales of luggage products |
4.3 Market Restraints |
4.3.1 Fluctuating exchange rates affecting import costs |
4.3.2 Competition from established international luggage brands |
4.3.3 Economic uncertainty impacting consumer spending on non-essential items |
5 Latvia Luggage Market Trends |
6 Latvia Luggage Market Segmentations |
6.1 Latvia Luggage Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Luggage Market Revenues & Volume, By Travel Luggage, 2021-2031F |
6.1.3 Latvia Luggage Market Revenues & Volume, By Casual Luggage, 2021-2031F |
6.1.4 Latvia Luggage Market Revenues & Volume, By Business Luggage, 2021-2031F |
6.1.5 Latvia Luggage Market Revenues & Volume, By Sports Luggage, 2021-2031F |
6.1.6 Latvia Luggage Market Revenues & Volume, By Other Product Types, 2021-2031F |
6.2 Latvia Luggage Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Luggage Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Latvia Luggage Market Revenues & Volume, By Offline, 2021-2031F |
7 Latvia Luggage Market Import-Export Trade Statistics |
7.1 Latvia Luggage Market Export to Major Countries |
7.2 Latvia Luggage Market Imports from Major Countries |
8 Latvia Luggage Market Key Performance Indicators |
8.1 Average order value of luggage products |
8.2 Online conversion rate for luggage sales |
8.3 Customer satisfaction scores for luggage products |
8.4 Number of domestic and international tourists visiting Latvia |
8.5 Percentage of repeat customers in the luggage market |
9 Latvia Luggage Market - Opportunity Assessment |
9.1 Latvia Luggage Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Luggage Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Luggage Market - Competitive Landscape |
10.1 Latvia Luggage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Luggage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |