Latvia Personal Floatation Devices Market (2025-2031) | Strategy, Consumer Insights, Growth, Opportunities, Industry, Outlook, Strategic Insights, Value, Analysis, Segmentation, Supply, Forecast, Segments, Size, Companies, Competition, Trends, Demand, Challenges, Revenue, Restraints, Pricing Analysis, Competitive, Share, Investment Trends, Drivers

Name: Latvia Personal Floatation Devices Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Product Type (Life Jackets, Buoyancy Aids, Inflatable Life Belts, Survival Suits, Pool Floats), By Material (Nylon & Foam, Neoprene, PVC, Rubber, Plastic), By User Type (Adults, Kids, Seniors, Rescue Professionals, Recreational Users), By Application (Boating, Swimming, Water Sports, Maritime, Leisure), By Safety Standard (US Coast Guard Approved, ISO Certified, EN Certification, SOLAS Approved, ASTM Standard) And Competitive Landscape

Product Code: ETC10777717	Publication Date: Apr 2025	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 65	No. of Figures: 34	No. of Tables: 19

Latvia Personal Floatation Devices Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Despite a declining CAGR and negative growth rate in 2024, Latvia`s personal floatation device import market continues to be dominated by a few key players. Estonia, Poland, USA, Finland, and Sweden are the top exporting countries, indicating a strong international presence. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market structure, potentially leading to competitive challenges. It will be crucial for industry players to adapt to changing market conditions and consumer preferences to drive future growth in Latvia`s personal floatation device sector.

Latvia Personal Floatation Devices Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Personal Floatation Devices Market Outlook
Market Size of Latvia Personal Floatation Devices Market,2024
Forecast of Latvia Personal Floatation Devices Market, 2031
Historical Data and Forecast of Latvia Personal Floatation Devices Revenues & Volume for the Period 2021-2031
Latvia Personal Floatation Devices Market Trend Evolution
Latvia Personal Floatation Devices Market Drivers and Challenges
Latvia Personal Floatation Devices Price Trends
Latvia Personal Floatation Devices Porter's Five Forces
Latvia Personal Floatation Devices Industry Life Cycle
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Life Jackets for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Buoyancy Aids for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Inflatable Life Belts for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Survival Suits for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Pool Floats for the Period 2021 - 2029
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Material for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Nylon & Foam for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Neoprene for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By PVC for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Rubber for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Plastic for the Period 2021 - 2029
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By User Type for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Adults for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Kids for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Seniors for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Rescue Professionals for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Recreational Users for the Period 2021 - 2029
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Boating for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Swimming for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Water Sports for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Maritime for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Leisure for the Period 2021 - 2029
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By Safety Standard for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By US Coast Guard Approved for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By ISO Certified for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By EN Certification for the Period 2021-2031
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By SOLAS Approved for the Period 2021 - 2029
Historical Data and Forecast of Latvia Personal Floatation Devices Market Revenues & Volume By ASTM Standard for the Period 2021 - 2029
Latvia Personal Floatation Devices Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Material
Market Opportunity Assessment By User Type
Market Opportunity Assessment By Application
Market Opportunity Assessment By Safety Standard
Latvia Personal Floatation Devices Top Companies Market Share
Latvia Personal Floatation Devices Competitive Benchmarking By Technical and Operational Parameters
Latvia Personal Floatation Devices Company Profiles
Latvia Personal Floatation Devices Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Personal Floatation Devices Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Personal Floatation Devices Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Personal Floatation Devices Market - Industry Life Cycle

3.4 Latvia Personal Floatation Devices Market - Porter's Five Forces

3.5 Latvia Personal Floatation Devices Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Latvia Personal Floatation Devices Market Revenues & Volume Share, By Material, 2021 & 2031F

3.7 Latvia Personal Floatation Devices Market Revenues & Volume Share, By User Type, 2021 & 2031F

3.8 Latvia Personal Floatation Devices Market Revenues & Volume Share, By Application, 2021 & 2031F

3.9 Latvia Personal Floatation Devices Market Revenues & Volume Share, By Safety Standard, 2021 & 2031F

4 Latvia Personal Floatation Devices Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing water sports participation in Latvia

4.2.2 Growing awareness about water safety and regulations

4.2.3 Rise in recreational boating activities

4.3 Market Restraints

4.3.1 Seasonal demand due to weather conditions

4.3.2 Lack of stringent enforcement of safety regulations

4.3.3 Limited disposable income of consumers for recreational activities

5 Latvia Personal Floatation Devices Market Trends

6 Latvia Personal Floatation Devices Market, By Types

6.1 Latvia Personal Floatation Devices Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Latvia Personal Floatation Devices Market Revenues & Volume, By Product Type, 2021 - 2031F

6.1.3 Latvia Personal Floatation Devices Market Revenues & Volume, By Life Jackets, 2021 - 2031F

6.1.4 Latvia Personal Floatation Devices Market Revenues & Volume, By Buoyancy Aids, 2021 - 2031F

6.1.5 Latvia Personal Floatation Devices Market Revenues & Volume, By Inflatable Life Belts, 2021 - 2031F

6.1.6 Latvia Personal Floatation Devices Market Revenues & Volume, By Survival Suits, 2021 - 2031F

6.1.7 Latvia Personal Floatation Devices Market Revenues & Volume, By Pool Floats, 2021 - 2031F

6.2 Latvia Personal Floatation Devices Market, By Material

6.2.1 Overview and Analysis

6.2.2 Latvia Personal Floatation Devices Market Revenues & Volume, By Nylon & Foam, 2021 - 2031F

6.2.3 Latvia Personal Floatation Devices Market Revenues & Volume, By Neoprene, 2021 - 2031F

6.2.4 Latvia Personal Floatation Devices Market Revenues & Volume, By PVC, 2021 - 2031F

6.2.5 Latvia Personal Floatation Devices Market Revenues & Volume, By Rubber, 2021 - 2031F

6.2.6 Latvia Personal Floatation Devices Market Revenues & Volume, By Plastic, 2021 - 2031F

6.3 Latvia Personal Floatation Devices Market, By User Type

6.3.1 Overview and Analysis

6.3.2 Latvia Personal Floatation Devices Market Revenues & Volume, By Adults, 2021 - 2031F

6.3.3 Latvia Personal Floatation Devices Market Revenues & Volume, By Kids, 2021 - 2031F

6.3.4 Latvia Personal Floatation Devices Market Revenues & Volume, By Seniors, 2021 - 2031F

6.3.5 Latvia Personal Floatation Devices Market Revenues & Volume, By Rescue Professionals, 2021 - 2031F

6.3.6 Latvia Personal Floatation Devices Market Revenues & Volume, By Recreational Users, 2021 - 2031F

6.4 Latvia Personal Floatation Devices Market, By Application

6.4.1 Overview and Analysis

6.4.2 Latvia Personal Floatation Devices Market Revenues & Volume, By Boating, 2021 - 2031F

6.4.3 Latvia Personal Floatation Devices Market Revenues & Volume, By Swimming, 2021 - 2031F

6.4.4 Latvia Personal Floatation Devices Market Revenues & Volume, By Water Sports, 2021 - 2031F

6.4.5 Latvia Personal Floatation Devices Market Revenues & Volume, By Maritime, 2021 - 2031F

6.4.6 Latvia Personal Floatation Devices Market Revenues & Volume, By Leisure, 2021 - 2031F

6.5 Latvia Personal Floatation Devices Market, By Safety Standard

6.5.1 Overview and Analysis

6.5.2 Latvia Personal Floatation Devices Market Revenues & Volume, By US Coast Guard Approved, 2021 - 2031F

6.5.3 Latvia Personal Floatation Devices Market Revenues & Volume, By ISO Certified, 2021 - 2031F

6.5.4 Latvia Personal Floatation Devices Market Revenues & Volume, By EN Certification, 2021 - 2031F

6.5.5 Latvia Personal Floatation Devices Market Revenues & Volume, By SOLAS Approved, 2021 - 2031F

6.5.6 Latvia Personal Floatation Devices Market Revenues & Volume, By ASTM Standard, 2021 - 2031F

7 Latvia Personal Floatation Devices Market Import-Export Trade Statistics

7.1 Latvia Personal Floatation Devices Market Export to Major Countries

7.2 Latvia Personal Floatation Devices Market Imports from Major Countries

8 Latvia Personal Floatation Devices Market Key Performance Indicators

8.1 Number of water sports events organized annually in Latvia

8.2 Percentage increase in the issuance of boating licenses

8.3 Adoption rate of safety certifications by water sports enthusiasts

9 Latvia Personal Floatation Devices Market - Opportunity Assessment

9.1 Latvia Personal Floatation Devices Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Latvia Personal Floatation Devices Market Opportunity Assessment, By Material, 2021 & 2031F

9.3 Latvia Personal Floatation Devices Market Opportunity Assessment, By User Type, 2021 & 2031F

9.4 Latvia Personal Floatation Devices Market Opportunity Assessment, By Application, 2021 & 2031F

9.5 Latvia Personal Floatation Devices Market Opportunity Assessment, By Safety Standard, 2021 & 2031F

10 Latvia Personal Floatation Devices Market - Competitive Landscape

10.1 Latvia Personal Floatation Devices Market Revenue Share, By Companies, 2024

10.2 Latvia Personal Floatation Devices Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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