| Product Code: ETC5367003 | 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 sawmill import shipments in 2024 saw a shift in concentration from high to low, with top exporting countries being China, Estonia, Poland, Italy, and Germany. The industry experienced a significant decline with a CAGR of -21.14% from 2020 to 2024. The growth rate from 2023 to 2024 plummeted by -86.21%, indicating a challenging year for the market. These trends suggest a potentially volatile market environment, requiring companies to adapt and strategize to navigate uncertainties and seize opportunities in the coming years.

Latvia's Sawmill market is anticipated to experience a stable growth rate of 2.86% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Sawmill Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sawmill Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sawmill Market - Industry Life Cycle |
3.4 Latvia Sawmill Market - Porter's Five Forces |
3.5 Latvia Sawmill Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Sawmill Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Sawmill Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for timber products in construction and furniture industries |
4.2.2 Growth in the global wood processing industry |
4.2.3 Favorable government policies and regulations supporting the sawmill industry |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting profitability |
4.3.2 Environmental concerns and regulations impacting operations |
4.3.3 Competition from other timber-producing countries |
5 Latvia Sawmill Market Trends |
6 Latvia Sawmill Market Segmentations |
6.1 Latvia Sawmill Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sawmill Market Revenues & Volume, By Softwood Lumber, 2021-2031F |
6.1.3 Latvia Sawmill Market Revenues & Volume, By Hardwood Lumber, 2021-2031F |
6.2 Latvia Sawmill Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sawmill Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Latvia Sawmill Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Latvia Sawmill Market Revenues & Volume, By Packaging and Joinery Industries, 2021-2031F |
6.2.5 Latvia Sawmill Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Sawmill Market Import-Export Trade Statistics |
7.1 Latvia Sawmill Market Export to Major Countries |
7.2 Latvia Sawmill Market Imports from Major Countries |
8 Latvia Sawmill Market Key Performance Indicators |
8.1 Average log size and quality |
8.2 Efficiency of production processes |
8.3 Investment in sustainable forestry practices |
8.4 Adoption of technology and automation |
8.5 Employee training and skill development |
9 Latvia Sawmill Market - Opportunity Assessment |
9.1 Latvia Sawmill Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Sawmill Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Sawmill Market - Competitive Landscape |
10.1 Latvia Sawmill Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sawmill 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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