| Product Code: ETC4779276 | 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 squash rackets import market continued its rapid growth in 2024, with top exporters being Germany, Belgium, Lithuania, Metropolitan France, and Austria. The Herfindahl-Hirschman Index (HHI) showed high concentration levels, indicating a competitive market. The impressive Compound Annual Growth Rate (CAGR) of 68.83% from 2020 to 2024 highlights the increasing demand for squash rackets in Latvia. The remarkable growth rate of 328.29% from 2023 to 2024 suggests a significant surge in import shipments, reflecting a thriving market for squash rackets in the country.

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 Squash rackets Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Squash rackets Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Squash rackets Market - Industry Life Cycle |
3.4 Latvia Squash rackets Market - Porter's Five Forces |
3.5 Latvia Squash rackets Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Latvia Squash rackets Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Squash rackets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing interest in sports and fitness activities in Latvia |
4.2.2 Increase in disposable income leading to higher spending on recreational activities |
4.2.3 Rise in awareness about the health benefits of playing squash |
4.3 Market Restraints |
4.3.1 Limited availability of squash courts in Latvia |
4.3.2 High cost associated with purchasing squash rackets and equipment |
4.3.3 Lack of professional training facilities and coaches for squash players |
5 Latvia Squash rackets Market Trends |
6 Latvia Squash rackets Market Segmentations |
6.1 Latvia Squash rackets Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Squash rackets Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.1.3 Latvia Squash rackets Market Revenues & Volume, By Aluminum, 2021-2031F |
6.1.4 Latvia Squash rackets Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Squash rackets Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Squash rackets Market Revenues & Volume, By Brick & Mortar, 2021-2031F |
6.2.3 Latvia Squash rackets Market Revenues & Volume, By Online, 2021-2031F |
7 Latvia Squash rackets Market Import-Export Trade Statistics |
7.1 Latvia Squash rackets Market Export to Major Countries |
7.2 Latvia Squash rackets Market Imports from Major Countries |
8 Latvia Squash rackets Market Key Performance Indicators |
8.1 Number of squash tournaments organized in Latvia |
8.2 Percentage increase in the sales of squash rackets and accessories |
8.3 Participation rate in squash clubs and leagues in Latvia |
9 Latvia Squash rackets Market - Opportunity Assessment |
9.1 Latvia Squash rackets Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Latvia Squash rackets Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Squash rackets Market - Competitive Landscape |
10.1 Latvia Squash rackets Market Revenue Share, By Companies, 2024 |
10.2 Latvia Squash rackets 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.
To discover high-growth global markets and optimize your business strategy:
Click Here