Latvia Surfboard Market (2025-2031) | Companies, Segmentation, Value, Analysis, Share, Industry, Growth, Size, Forecast, Trends, Outlook & Revenue

Name: Latvia Surfboard Market (2025-2031) | Analysis & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Surfboard Market, Latvia Surfboard Market, Latvia Surfboard Market Revenues, Latvia Surfboard Market Share, Latvia Surfboard Market Size, Latvia Surfboard Market Outlook, Latvia Surfboard Market Report, Latvia Surfboard Market Competition, Latvia Surfboard Market Overview, Latvia Surfboard Market Trends, Latvia Surfboard Market Forecast

Market Forecast By Product Type (Shortboards, Longboards, Fish Boards, Gun Boards, Others), By Material Type (Polyurethane, Balsa Wood, Others), By Distribution Channel (Online, Offline), By Application (Recreational, Professional) And Competitive Landscape

Product Code: ETC5040488	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 Surfboard Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Despite a significant decline in growth rate in 2024, Latvia`s surfboard import market continues to show stable growth with a CAGR of 1.44% from 2020 to 2024. The top exporting countries to Latvia, including China, Poland, UK, Netherlands, and Lithuania, indicate a diverse market source. However, the high Herfindahl-Hirschman Index (HHI) signifies continued concentration in the market. Importers and industry players should closely monitor market trends and potential shifts in sourcing dynamics to stay competitive in the evolving surfboard import market in Latvia.

Latvia Surfboard Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Surfboard Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

The Surfboard market in Latvia is projected to grow at a stable growth rate of 0.43% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

Surfboard Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

Latvia Surfboard Market Outlook
Market Size of Latvia Surfboard Market, 2024
Forecast of Latvia Surfboard Market, 2031
Historical Data and Forecast of Latvia Surfboard Revenues & Volume for the Period 2021-2031
Latvia Surfboard Market Trend Evolution
Latvia Surfboard Market Drivers and Challenges
Latvia Surfboard Price Trends
Latvia Surfboard Porter`s Five Forces
Latvia Surfboard Industry Life Cycle
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Shortboards for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Longboards for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Fish Boards for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Gun Boards for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Material Type for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Polyurethane for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Balsa Wood for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Distribution Channel for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Online for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Offline for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Recreational for the Period 2021-2031
Historical Data and Forecast of Latvia Surfboard Market Revenues & Volume By Professional for the Period 2021-2031
Latvia Surfboard Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Material Type
Market Opportunity Assessment By Distribution Channel
Market Opportunity Assessment By Application
Latvia Surfboard Top Companies Market Share
Latvia Surfboard Competitive Benchmarking By Technical and Operational Parameters
Latvia Surfboard Company Profiles
Latvia Surfboard Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Surfboard Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Surfboard Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Surfboard Market - Industry Life Cycle

3.4 Latvia Surfboard Market - Porter's Five Forces

3.5 Latvia Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Latvia Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F

3.7 Latvia Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

3.8 Latvia Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Surfboard Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing interest in adventure sports and outdoor activities

4.2.2 Increasing disposable income and consumer spending on leisure activities

4.2.3 Rise in tourism and water sports activities in Latvia

4.3 Market Restraints

4.3.1 Seasonal nature of surfing in Latvia due to weather conditions

4.3.2 Limited awareness and availability of surfboard equipment and accessories

5 Latvia Surfboard Market Trends

6 Latvia Surfboard Market Segmentations

6.1 Latvia Surfboard Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Latvia Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F

6.1.3 Latvia Surfboard Market Revenues & Volume, By Longboards, 2021-2031F

6.1.4 Latvia Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F

6.1.5 Latvia Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F

6.1.6 Latvia Surfboard Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Surfboard Market, By Material Type

6.2.1 Overview and Analysis

6.2.2 Latvia Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F

6.2.3 Latvia Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F

6.2.4 Latvia Surfboard Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Surfboard Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Latvia Surfboard Market Revenues & Volume, By Online, 2021-2031F

6.3.3 Latvia Surfboard Market Revenues & Volume, By Offline, 2021-2031F

6.4 Latvia Surfboard Market, By Application

6.4.1 Overview and Analysis

6.4.2 Latvia Surfboard Market Revenues & Volume, By Recreational, 2021-2031F

6.4.3 Latvia Surfboard Market Revenues & Volume, By Professional, 2021-2031F

7 Latvia Surfboard Market Import-Export Trade Statistics

7.1 Latvia Surfboard Market Export to Major Countries

7.2 Latvia Surfboard Market Imports from Major Countries

8 Latvia Surfboard Market Key Performance Indicators

8.1 Average number of surfers visiting Latvian beaches annually

8.2 Number of surf schools or training centers in Latvia

8.3 Participation rate in surfing competitions in Latvia

9 Latvia Surfboard Market - Opportunity Assessment

9.1 Latvia Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Latvia Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F

9.3 Latvia Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

9.4 Latvia Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Surfboard Market - Competitive Landscape

10.1 Latvia Surfboard Market Revenue Share, By Companies, 2024

10.2 Latvia Surfboard Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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