| Product Code: ETC4852825 | 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`s sporting goods import shipments continued to showcase diversification, with top exporters including China, Austria, Metropolitan France, Poland, and the UK. Despite the variety of sources, the market remained moderately concentrated, as indicated by the low Herfindahl-Hirschman Index (HHI). The industry experienced strong growth with a Compound Annual Growth Rate (CAGR) of 9.92% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -33.08%, suggesting potential shifts in market dynamics that importers and stakeholders should monitor closely.

Latvia's Sporting Goods market is anticipated to experience a stable growth rate of 3.49% 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 Sporting Goods Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sporting Goods Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sporting Goods Market - Industry Life Cycle |
3.4 Latvia Sporting Goods Market - Porter's Five Forces |
3.5 Latvia Sporting Goods Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Sporting Goods Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Sporting Goods Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness and focus on fitness among Latvian population |
4.2.2 Growing popularity of outdoor recreational activities and sports participation |
4.2.3 Rising disposable income leading to higher spending on sporting goods |
4.3 Market Restraints |
4.3.1 Seasonality in demand for certain sporting goods products |
4.3.2 Competition from online retailers impacting traditional brick-and-mortar stores |
4.3.3 Fluctuating economic conditions affecting consumer purchasing power |
5 Latvia Sporting Goods Market Trends |
6 Latvia Sporting Goods Market Segmentations |
6.1 Latvia Sporting Goods Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sporting Goods Market Revenues & Volume, By Ball Sports, 2021-2031F |
6.1.3 Latvia Sporting Goods Market Revenues & Volume, By Adventurous Sports, 2021-2031F |
6.1.4 Latvia Sporting Goods Market Revenues & Volume, By Fitness Equipments, 2021-2031F |
6.1.5 Latvia Sporting Goods Market Revenues & Volume, By Golf Equipments, 2021-2031F |
6.1.6 Latvia Sporting Goods Market Revenues & Volume, By Sports Equipments, 2021-2031F |
6.1.7 Latvia Sporting Goods Market Revenues & Volume, By Athletic Footwear, 2021-2031F |
6.2 Latvia Sporting Goods Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sporting Goods Market Revenues & Volume, By Hypermarket/supermarket, 2021-2031F |
6.2.3 Latvia Sporting Goods Market Revenues & Volume, By Convenience/Departmental Store, 2021-2031F |
6.2.4 Latvia Sporting Goods Market Revenues & Volume, By Specialty Store, 2021-2031F |
6.2.5 Latvia Sporting Goods Market Revenues & Volume, By Online Store, 2021-2031F |
6.2.6 Latvia Sporting Goods Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Sporting Goods Market Import-Export Trade Statistics |
7.1 Latvia Sporting Goods Market Export to Major Countries |
7.2 Latvia Sporting Goods Market Imports from Major Countries |
8 Latvia Sporting Goods Market Key Performance Indicators |
8.1 Participation rate in sports and recreational activities in Latvia |
8.2 Average spending per capita on sporting goods in Latvia |
8.3 Number of new product launches and innovations in the Latvian sporting goods market |
9 Latvia Sporting Goods Market - Opportunity Assessment |
9.1 Latvia Sporting Goods Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Sporting Goods Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Sporting Goods Market - Competitive Landscape |
10.1 Latvia Sporting Goods Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sporting Goods Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |