| Product Code: ETC4909217 | 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 |
The import shipments of raincoats and umbrellas to Latvia in 2024 continued to be dominated by top exporters such as China, Lithuania, Poland, Netherlands, and Germany. The market concentration, as measured by the HHI, increased significantly from 2023 to 2024, indicating a very high level of concentration among these key exporting countries. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 10.37%, while the growth rate from 2023 to 2024 accelerated to 11.38%, demonstrating a robust and rapidly expanding market for rainwear products in Latvia.

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 Raincoat Umbrella Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Raincoat Umbrella Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Raincoat Umbrella Market - Industry Life Cycle |
3.4 Latvia Raincoat Umbrella Market - Porter's Five Forces |
3.5 Latvia Raincoat Umbrella Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Raincoat Umbrella Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Raincoat Umbrella Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of protecting oneself from rain and adverse weather conditions. |
4.2.2 Growing demand for fashionable and trendy raincoats and umbrellas. |
4.2.3 Rising disposable income leading to higher spending on rainwear products. |
4.3 Market Restraints |
4.3.1 Seasonality of the market, with peak demand during rainy seasons. |
4.3.2 Competition from alternative rain protection products such as ponchos or waterproof jackets. |
5 Latvia Raincoat Umbrella Market Trends |
6 Latvia Raincoat Umbrella Market Segmentations |
6.1 Latvia Raincoat Umbrella Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Raincoat Umbrella Market Revenues & Volume, By Nylon Raincoat Umbrella, 2021-2031F |
6.1.3 Latvia Raincoat Umbrella Market Revenues & Volume, By Vinyl Raincoat Umbrella, 2021-2031F |
6.1.4 Latvia Raincoat Umbrella Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Raincoat Umbrella Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Raincoat Umbrella Market Revenues & Volume, By Adults, 2021-2031F |
6.2.3 Latvia Raincoat Umbrella Market Revenues & Volume, By Children, 2021-2031F |
7 Latvia Raincoat Umbrella Market Import-Export Trade Statistics |
7.1 Latvia Raincoat Umbrella Market Export to Major Countries |
7.2 Latvia Raincoat Umbrella Market Imports from Major Countries |
8 Latvia Raincoat Umbrella Market Key Performance Indicators |
8.1 Customer satisfaction and feedback ratings on the quality and design of raincoats and umbrellas. |
8.2 Number of new product launches and innovations in the rainwear market. |
8.3 Social media engagement and brand visibility metrics for rainwear brands in Latvia. |
9 Latvia Raincoat Umbrella Market - Opportunity Assessment |
9.1 Latvia Raincoat Umbrella Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Raincoat Umbrella Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Raincoat Umbrella Market - Competitive Landscape |
10.1 Latvia Raincoat Umbrella Market Revenue Share, By Companies, 2024 |
10.2 Latvia Raincoat Umbrella 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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