| Product Code: ETC4904828 | 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 |
In 2024, Latvia continued to be a key destination for recycled textiles imports, with top suppliers including Italy, Poland, Germany, Metropolitan France, and Spain. Despite a significant decline in growth rates, the market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI) in 2024. The negative compound annual growth rate (CAGR) from 2020 to 2024 and the sharp decline in growth rate from 2023 to 2024 suggest potential challenges in the market, prompting stakeholders to closely monitor and adapt to shifting dynamics in the recycled textiles import sector in Latvia.

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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