| Product Code: ETC5104328 | 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 snap fastener import market saw a shift in concentration levels from low to high in 2024, with top exporters being China, Germany, Hong Kong, Spain, and Italy. Despite a negative Compound Annual Growth Rate (CAGR) of -0.35% from 2020 to 2024, the sector experienced a significant decline in growth rate of -17.72% from 2023 to 2024. This suggests a challenging environment for snap fastener imports in Latvia, potentially influenced by various economic factors and market dynamics impacting the industry.

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 Snap Fastener Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Snap Fastener Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Snap Fastener Market - Industry Life Cycle |
3.4 Latvia Snap Fastener Market - Porter's Five Forces |
3.5 Latvia Snap Fastener Market Revenues & Volume Share Segmentations, 2021 & 2031F |
4 Latvia Snap Fastener Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for clothing and textiles in Latvia |
4.2.2 Increasing adoption of fastening solutions in various industries |
4.2.3 Technological advancements leading to innovative snap fastener products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition from alternative fastening solutions |
4.3.3 Economic uncertainties impacting consumer spending on non-essential items |
5 Latvia Snap Fastener Market Trends |
6 Latvia Snap Fastener Market Segmentations |
6.1 Latvia Snap Fastener Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Snap Fastener Market Revenues & Volume, By Metal Snap Fastener, 2021-2031F |
6.1.3 Latvia Snap Fastener Market Revenues & Volume, By Plastic Snap Fastener, 2021-2031F |
7 Latvia Snap Fastener Market Import-Export Trade Statistics |
7.1 Latvia Snap Fastener Market Export to Major Countries |
7.2 Latvia Snap Fastener Market Imports from Major Countries |
8 Latvia Snap Fastener Market Key Performance Indicators |
8.1 Number of patents filed for snap fastener innovations |
8.2 Percentage of snap fastener sales attributed to new product launches |
8.3 Adoption rate of automated snap fastener installation technologies |
8.4 Customer satisfaction scores for snap fastener quality and durability |
8.5 Rate of return on investments in research and development for snap fastener products |
9 Latvia Snap Fastener Market - Opportunity Assessment |
9.1 Latvia Snap Fastener Market Opportunity Assessment Segmentations, 2021 & 2031F |
10 Latvia Snap Fastener Market - Competitive Landscape |
10.1 Latvia Snap Fastener Market Revenue Share, By Companies, 2024 |
10.2 Latvia Snap Fastener 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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