| Product Code: ETC7921376 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to import a significant volume of silk textiles, with top exporters including Italy, China, India, Thailand, and Turkey. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) of -3.95% from 2020 to 2024. Furthermore, the growth rate from 2023 to 2024 declined by 14.0%, highlighting potential challenges faced by the Latvian silk textiles import market. Monitoring shifts in export dynamics and market trends will be crucial for stakeholders in navigating future developments.

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 Textiles Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Silk Textiles Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Silk Textiles Market - Industry Life Cycle |
3.4 Latvia Silk Textiles Market - Porter's Five Forces |
3.5 Latvia Silk Textiles Market Revenues & Volume Share, By Raw-material, 2021 & 2031F |
3.6 Latvia Silk Textiles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Latvia Silk Textiles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Silk Textiles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly textiles |
4.2.2 Growing popularity of silk textiles in high-end fashion and luxury segments |
4.2.3 Technological advancements in silk production processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from synthetic and alternative fabrics |
4.3.3 Economic factors affecting consumer spending on luxury goods |
5 Latvia Silk Textiles Market Trends |
6 Latvia Silk Textiles Market, By Types |
6.1 Latvia Silk Textiles Market, By Raw-material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Silk Textiles Market Revenues & Volume, By Raw-material, 2021- 2031F |
6.1.3 Latvia Silk Textiles Market Revenues & Volume, By Cotton, 2021- 2031F |
6.1.4 Latvia Silk Textiles Market Revenues & Volume, By Chemical, 2021- 2031F |
6.1.5 Latvia Silk Textiles Market Revenues & Volume, By Wool, 2021- 2031F |
6.1.6 Latvia Silk Textiles Market Revenues & Volume, By Silk, 2021- 2031F |
6.1.7 Latvia Silk Textiles Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Silk Textiles Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Silk Textiles Market Revenues & Volume, By Natural fibers, 2021- 2031F |
6.2.3 Latvia Silk Textiles Market Revenues & Volume, By Polyesters, 2021- 2031F |
6.2.4 Latvia Silk Textiles Market Revenues & Volume, By Nylon, 2021- 2031F |
6.2.5 Latvia Silk Textiles Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Silk Textiles Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Silk Textiles Market Revenues & Volume, By Household, 2021- 2031F |
6.3.3 Latvia Silk Textiles Market Revenues & Volume, By Technical, 2021- 2031F |
6.3.4 Latvia Silk Textiles Market Revenues & Volume, By Fashion & Clothing, 2021- 2031F |
6.3.5 Latvia Silk Textiles Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Silk Textiles Market Import-Export Trade Statistics |
7.1 Latvia Silk Textiles Market Export to Major Countries |
7.2 Latvia Silk Textiles Market Imports from Major Countries |
8 Latvia Silk Textiles Market Key Performance Indicators |
8.1 Percentage of silk textile companies adopting sustainable practices |
8.2 Number of collaborations between silk textile manufacturers and fashion designers |
8.3 Innovation rate in silk production technologies |
8.4 Consumer awareness and perception of silk textiles as a luxury product |
8.5 Number of new product launches in the silk textiles market |
9 Latvia Silk Textiles Market - Opportunity Assessment |
9.1 Latvia Silk Textiles Market Opportunity Assessment, By Raw-material, 2021 & 2031F |
9.2 Latvia Silk Textiles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Latvia Silk Textiles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Silk Textiles Market - Competitive Landscape |
10.1 Latvia Silk Textiles Market Revenue Share, By Companies, 2024 |
10.2 Latvia Silk Textiles 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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