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

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

Market Forecast By Product (Reverse Umbrella, Straight Umbrella, Folding Umbrella, Automatic Umbrella, Other), By Application (Commercial Use, Entertainment Use) And Competitive Landscape

Product Code: ETC5825701	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

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

Latvia`s umbrella import market in 2024 saw diversification with top exporters being Italy, Austria, Croatia, Poland, and China. The shift from high to moderate concentration indicates a more balanced market. With a strong compound annual growth rate of 13.83% from 2020 to 2024 and a steady growth rate of 1.3% in 2024, the umbrella import sector in Latvia shows resilience and potential for further expansion. This data suggests opportunities for market players to capitalize on the growing demand for umbrellas in the country.

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

Key Highlights of the Report:

Latvia Umbrella Market Outlook
Market Size of Latvia Umbrella Market, 2024
Forecast of Latvia Umbrella Market, 2031
Historical Data and Forecast of Latvia Umbrella Revenues & Volume for the Period 2021-2031
Latvia Umbrella Market Trend Evolution
Latvia Umbrella Market Drivers and Challenges
Latvia Umbrella Price Trends
Latvia Umbrella Porter`s Five Forces
Latvia Umbrella Industry Life Cycle
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Product for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Reverse Umbrella for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Straight Umbrella for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Folding Umbrella for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Automatic Umbrella for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Other for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Commercial Use for the Period 2021-2031
Historical Data and Forecast of Latvia Umbrella Market Revenues & Volume By Entertainment Use for the Period 2021-2031
Latvia Umbrella Import Export Trade Statistics
Market Opportunity Assessment By Product
Market Opportunity Assessment By Application
Latvia Umbrella Top Companies Market Share
Latvia Umbrella Competitive Benchmarking By Technical and Operational Parameters
Latvia Umbrella Company Profiles
Latvia Umbrella Key Strategic Recommendations

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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 Umbrella Market Overview

3.1 Latvia Country Macro Economic Indicators

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

3.3 Latvia Umbrella Market - Industry Life Cycle

3.4 Latvia Umbrella Market - Porter's Five Forces

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

3.6 Latvia Umbrella Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Umbrella Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness about the importance of protection from sun and rain

4.2.2 Growing tourism industry in Latvia

4.2.3 Fashion trends favoring the use of umbrellas

4.3 Market Restraints

4.3.1 Seasonality of umbrella sales

4.3.2 Competition from alternative rain protection products like raincoats and ponchos

4.3.3 Economic fluctuations impacting consumer spending on non-essential items

5 Latvia Umbrella Market Trends

6 Latvia Umbrella Market Segmentations

6.1 Latvia Umbrella Market, By Product

6.1.1 Overview and Analysis

6.1.2 Latvia Umbrella Market Revenues & Volume, By Reverse Umbrella, 2021-2031F

6.1.3 Latvia Umbrella Market Revenues & Volume, By Straight Umbrella, 2021-2031F

6.1.4 Latvia Umbrella Market Revenues & Volume, By Folding Umbrella, 2021-2031F

6.1.5 Latvia Umbrella Market Revenues & Volume, By Automatic Umbrella, 2021-2031F

6.1.6 Latvia Umbrella Market Revenues & Volume, By Other, 2021-2031F

6.2 Latvia Umbrella Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Umbrella Market Revenues & Volume, By Commercial Use, 2021-2031F

6.2.3 Latvia Umbrella Market Revenues & Volume, By Entertainment Use, 2021-2031F

7 Latvia Umbrella Market Import-Export Trade Statistics

7.1 Latvia Umbrella Market Export to Major Countries

7.2 Latvia Umbrella Market Imports from Major Countries

8 Latvia Umbrella Market Key Performance Indicators

8.1 Average selling price of umbrellas

8.2 Number of new umbrella designs introduced per year

8.3 Percentage of umbrellas sold with UV protection feature

9 Latvia Umbrella Market - Opportunity Assessment

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

9.2 Latvia Umbrella Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Umbrella Market - Competitive Landscape

10.1 Latvia Umbrella Market Revenue Share, By Companies, 2024

10.2 Latvia Umbrella 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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