| Product Code: ETC5370993 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s lumber import market continues to thrive with strong shipments from top exporters like Finland, Estonia, and Germany in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 28.39% from 2020-24 underscores sustained expansion. The growth rate of 7.62% in 2024 further highlights the resilience and attractiveness of Latvia`s lumber import sector, providing opportunities for stakeholders to capitalize on this dynamic market.

Latvia's Lumber market is anticipated to experience a stable growth rate of 0.62% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Lumber Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Lumber Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Lumber Market - Industry Life Cycle |
3.4 Latvia Lumber Market - Porter's Five Forces |
3.5 Latvia Lumber Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Lumber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Lumber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly construction materials. |
4.2.2 Growing popularity of timber construction due to its environmental benefits. |
4.2.3 Government initiatives promoting the use of wood in construction. |
4.3 Market Restraints |
4.3.1 Fluctuations in global timber prices affecting profitability. |
4.3.2 Challenges related to sustainable forest management and certification. |
4.3.3 Competition from alternative construction materials like steel and concrete. |
5 Latvia Lumber Market Trends |
6 Latvia Lumber Market Segmentations |
6.1 Latvia Lumber Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Lumber Market Revenues & Volume, By Hardwood Lumber, 2021-2031F |
6.1.3 Latvia Lumber Market Revenues & Volume, By Softwood Lumber, 2021-2031F |
6.2 Latvia Lumber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Lumber Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Latvia Lumber Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Latvia Lumber Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.5 Latvia Lumber Market Revenues & Volume, By Moldings, 2021-2031F |
6.2.6 Latvia Lumber Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Lumber Market Import-Export Trade Statistics |
7.1 Latvia Lumber Market Export to Major Countries |
7.2 Latvia Lumber Market Imports from Major Countries |
8 Latvia Lumber Market Key Performance Indicators |
8.1 Forest certification rate in Latvia. |
8.2 Export demand for Latvian lumber. |
8.3 Investment in research and development for timber construction technologies. |
8.4 Number of construction projects using timber in Latvia. |
8.5 Average selling price of Latvian lumber in international markets. |
9 Latvia Lumber Market - Opportunity Assessment |
9.1 Latvia Lumber Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Lumber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Lumber Market - Competitive Landscape |
10.1 Latvia Lumber Market Revenue Share, By Companies, 2024 |
10.2 Latvia Lumber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |