| Product Code: ETC7919494 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for pre-owned luxury watches in Latvia saw a significant decline in 2024, with a negative CAGR of -11.96% from 2020 to 2024. The top exporting countries to Latvia, including Switzerland, Estonia, Lithuania, Mexico, and the UK, indicate a diverse source of supply. However, the high concentration levels, as indicated by the high Herfindahl-Hirschman Index (HHI), suggest a competitive landscape dominated by a few key players. The steep decline in growth rate from 2023 to 2024 at -46.93% highlights the challenges faced by the industry in the face of changing consumer preferences and market dynamics.

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 Pre Owned Luxury Watches Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pre Owned Luxury Watches Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pre Owned Luxury Watches Market - Industry Life Cycle |
3.4 Latvia Pre Owned Luxury Watches Market - Porter's Five Forces |
3.5 Latvia Pre Owned Luxury Watches Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pre Owned Luxury Watches Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Pre Owned Luxury Watches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for luxury goods among affluent consumers in Latvia |
4.2.2 Growing trend of sustainability and eco-consciousness leading to preference for pre-owned items |
4.2.3 Rise in disposable income and purchasing power of the population |
4.3 Market Restraints |
4.3.1 Competition from counterfeit products affecting consumer trust and market credibility |
4.3.2 Economic instability or downturn impacting consumer spending on luxury items |
4.3.3 Challenges in verifying the authenticity and quality of pre-owned luxury watches |
5 Latvia Pre Owned Luxury Watches Market Trends |
6 Latvia Pre Owned Luxury Watches Market, By Types |
6.1 Latvia Pre Owned Luxury Watches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pre Owned Luxury Watches Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Pre Owned Luxury Watches Market Revenues & Volume, By Automatic Pre-Owned Luxury Watches, 2021- 2031F |
6.1.4 Latvia Pre Owned Luxury Watches Market Revenues & Volume, By Manual Pre-Owned Luxury Watches, 2021- 2031F |
6.2 Latvia Pre Owned Luxury Watches Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pre Owned Luxury Watches Market Revenues & Volume, By Offline, 2021- 2031F |
6.2.3 Latvia Pre Owned Luxury Watches Market Revenues & Volume, By Online, 2021- 2031F |
7 Latvia Pre Owned Luxury Watches Market Import-Export Trade Statistics |
7.1 Latvia Pre Owned Luxury Watches Market Export to Major Countries |
7.2 Latvia Pre Owned Luxury Watches Market Imports from Major Countries |
8 Latvia Pre Owned Luxury Watches Market Key Performance Indicators |
8.1 Average selling price of pre-owned luxury watches |
8.2 Number of luxury watch retailers offering pre-owned options |
8.3 Consumer sentiment towards sustainability and second-hand luxury items |
9 Latvia Pre Owned Luxury Watches Market - Opportunity Assessment |
9.1 Latvia Pre Owned Luxury Watches Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pre Owned Luxury Watches Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Pre Owned Luxury Watches Market - Competitive Landscape |
10.1 Latvia Pre Owned Luxury Watches Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pre Owned Luxury Watches Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |