| Product Code: ETC4714239 | 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 |
Latvia`s silk import market in 2024 continues to be dominated by top exporting countries such as Italy, China, India, Thailand, and Turkey. Despite a high concentration level indicated by the HHI, the market experienced a negative compound annual growth rate of -3.95% from 2020 to 2024. The growth rate in 2024 saw a further decline of -14.0%, reflecting potential challenges or shifts in the industry. It will be interesting to monitor how these trends impact the Latvian silk import market in the coming years.

The Silk market in Latvia is projected to grow at a stable growth rate of 0.50% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Silk Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Silk Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Silk Market - Industry Life Cycle |
3.4 Latvia Silk Market - Porter's Five Forces |
3.5 Latvia Silk Market Revenues & Volume Share, By Production process, 2021 & 2031F |
3.6 Latvia Silk Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Silk Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Silk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly fabrics |
4.2.2 Growing popularity of silk clothing and accessories |
4.2.3 Innovation in silk production technology |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative fabrics such as polyester and cotton |
4.3.3 Limited awareness about the benefits of silk among consumers |
5 Latvia Silk Market Trends |
6 Latvia Silk Market Segmentations |
6.1 Latvia Silk Market, By Production process |
6.1.1 Overview and Analysis |
6.1.2 Latvia Silk Market Revenues & Volume, By Cocoon Production, 2021-2031F |
6.1.3 Latvia Silk Market Revenues & Volume, By Reeling, 2021-2031F |
6.1.4 Latvia Silk Market Revenues & Volume, By Throwing, 2021-2031F |
6.1.5 Latvia Silk Market Revenues & Volume, By Weaving, 2021-2031F |
6.1.6 Latvia Silk Market Revenues & Volume, By Dyeing, 2021-2031F |
6.2 Latvia Silk Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Silk Market Revenues & Volume, By Mulberry Silk, 2021-2031F |
6.2.3 Latvia Silk Market Revenues & Volume, By Tussar Silk, 2021-2031F |
6.2.4 Latvia Silk Market Revenues & Volume, By Eri Silk, 2021-2031F |
6.2.5 Latvia Silk Market Revenues & Volume, By Spider Silk, 2021-2031F |
6.3 Latvia Silk Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Silk Market Revenues & Volume, By Textile, 2021-2031F |
6.3.3 Latvia Silk Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.4 Latvia Silk Market Revenues & Volume, By Medicine, 2021-2031F |
7 Latvia Silk Market Import-Export Trade Statistics |
7.1 Latvia Silk Market Export to Major Countries |
7.2 Latvia Silk Market Imports from Major Countries |
8 Latvia Silk Market Key Performance Indicators |
8.1 Percentage of silk products in the overall textile market |
8.2 Average selling price of silk products |
8.3 Number of new silk product launches in the market |
8.4 Consumer perception and acceptance of silk as a premium fabric |
8.5 Adoption rate of sustainable silk production practices |
9 Latvia Silk Market - Opportunity Assessment |
9.1 Latvia Silk Market Opportunity Assessment, By Production process, 2021 & 2031F |
9.2 Latvia Silk Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Silk Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Silk Market - Competitive Landscape |
10.1 Latvia Silk Market Revenue Share, By Companies, 2024 |
10.2 Latvia Silk 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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