| Product Code: ETC5383761 | 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 needle loom import market in 2024 saw a significant concentration with top exporters being China, USA, Estonia, Japan, and Metropolitan France. Despite a low growth rate in 2024, the cumulative annual growth rate (CAGR) from 2020 to 2024 remained positive at 1.98%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Understanding the dynamics of these key exporting countries can provide valuable insights for businesses looking to enter or expand in the Latvian needle loom 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 Needle Loom Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Needle Loom Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Needle Loom Market - Industry Life Cycle |
3.4 Latvia Needle Loom Market - Porter's Five Forces |
3.5 Latvia Needle Loom Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Needle Loom Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Needle Loom Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for technical textiles in various industries such as automotive, construction, and healthcare. |
4.2.2 Growing focus on automation and technological advancements in needle loom machinery. |
4.2.3 Government initiatives to boost the textile industry in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Intense competition from other textile manufacturing methods. |
4.3.3 Economic uncertainties affecting investments in needle loom technology. |
5 Latvia Needle Loom Market Trends |
6 Latvia Needle Loom Market Segmentations |
6.1 Latvia Needle Loom Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Needle Loom Market Revenues & Volume, By High Speed Needling Machines, 2021-2031F |
6.1.3 Latvia Needle Loom Market Revenues & Volume, By Medium Speed Needling Machines, 2021-2031F |
6.1.4 Latvia Needle Loom Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Needle Loom Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Needle Loom Market Revenues & Volume, By Artificial Leather, 2021-2031F |
6.2.3 Latvia Needle Loom Market Revenues & Volume, By Automotive Felts, 2021-2031F |
6.2.4 Latvia Needle Loom Market Revenues & Volume, By Carpets, 2021-2031F |
6.2.5 Latvia Needle Loom Market Revenues & Volume, By Insulation Materials, 2021-2031F |
6.2.6 Latvia Needle Loom Market Revenues & Volume, By Technical Felts, 2021-2031F |
6.2.7 Latvia Needle Loom Market Revenues & Volume, By Blankets, 2021-2031F |
7 Latvia Needle Loom Market Import-Export Trade Statistics |
7.1 Latvia Needle Loom Market Export to Major Countries |
7.2 Latvia Needle Loom Market Imports from Major Countries |
8 Latvia Needle Loom Market Key Performance Indicators |
8.1 Adoption rate of advanced needle loom technologies. |
8.2 Rate of innovation and introduction of new features in needle loom machinery. |
8.3 Utilization rate of needle loom machines in the textile industry in Latvia. |
9 Latvia Needle Loom Market - Opportunity Assessment |
9.1 Latvia Needle Loom Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Needle Loom Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Needle Loom Market - Competitive Landscape |
10.1 Latvia Needle Loom Market Revenue Share, By Companies, 2024 |
10.2 Latvia Needle Loom 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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