| Product Code: ETC5030114 | 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 |
The Latvia watches and accessories import market continued to show strong growth in 2024, with top exporting countries being Poland, Lithuania, Switzerland, Vietnam, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 23.7% from 2020 to 2024 reflects sustained expansion. Notably, the growth rate spiked to 30.94% from 2023 to 2024, indicating a significant uptick in demand for imported watches and accessories in Latvia. This trend underscores the attractiveness of the Latvian market for international suppliers.

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 Watches and Accessories Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Watches and Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Watches and Accessories Market - Industry Life Cycle |
3.4 Latvia Watches and Accessories Market - Porter's Five Forces |
3.5 Latvia Watches and Accessories Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Watches and Accessories Market Revenues & Volume Share, By Product Design Type, 2021 & 2031F |
3.7 Latvia Watches and Accessories Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 Latvia Watches and Accessories Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.9 Latvia Watches and Accessories Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Watches and Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growing fashion consciousness and changing lifestyle trends |
4.2.3 Rising demand for luxury watches and accessories in the market |
4.3 Market Restraints |
4.3.1 Economic instability and fluctuations in currency exchange rates |
4.3.2 Competition from counterfeit products impacting market credibility |
4.3.3 Changing consumer preferences towards digital wearables over traditional watches |
5 Latvia Watches and Accessories Market Trends |
6 Latvia Watches and Accessories Market Segmentations |
6.1 Latvia Watches and Accessories Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Watches and Accessories Market Revenues & Volume, By Watches, 2021-2031F |
6.1.3 Latvia Watches and Accessories Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 Latvia Watches and Accessories Market, By Product Design Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Watches and Accessories Market Revenues & Volume, By Square Watches, 2021-2031F |
6.2.3 Latvia Watches and Accessories Market Revenues & Volume, By Rectangular Watches (Tank), 2021-2031F |
6.2.4 Latvia Watches and Accessories Market Revenues & Volume, By Round Watches, 2021-2031F |
6.2.5 Latvia Watches and Accessories Market Revenues & Volume, By Others (Tonneau, Cushion, Asymmetrical), 2021-2031F |
6.3 Latvia Watches and Accessories Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Latvia Watches and Accessories Market Revenues & Volume, By Male, 2021-2031F |
6.3.3 Latvia Watches and Accessories Market Revenues & Volume, By Female, 2021-2031F |
6.3.4 Latvia Watches and Accessories Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Latvia Watches and Accessories Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 Latvia Watches and Accessories Market Revenues & Volume, By Premium, 2021-2031F |
6.4.3 Latvia Watches and Accessories Market Revenues & Volume, By Mid Range, 2021-2031F |
6.4.4 Latvia Watches and Accessories Market Revenues & Volume, By Economic, 2021-2031F |
6.5 Latvia Watches and Accessories Market, By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 Latvia Watches and Accessories Market Revenues & Volume, By Mono-brand Stores, 2021-2031F |
6.5.3 Latvia Watches and Accessories Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.5.4 Latvia Watches and Accessories Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.5.5 Latvia Watches and Accessories Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.5.6 Latvia Watches and Accessories Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Watches and Accessories Market Import-Export Trade Statistics |
7.1 Latvia Watches and Accessories Market Export to Major Countries |
7.2 Latvia Watches and Accessories Market Imports from Major Countries |
8 Latvia Watches and Accessories Market Key Performance Indicators |
8.1 Average selling price of watches and accessories in the market |
8.2 Number of new product launches by key players in the industry |
8.3 Percentage growth in online sales of watches and accessories |
8.4 Consumer sentiment towards luxury goods and brands in Latvia |
8.5 Percentage of market share held by local versus international watch and accessory brands |
9 Latvia Watches and Accessories Market - Opportunity Assessment |
9.1 Latvia Watches and Accessories Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Watches and Accessories Market Opportunity Assessment, By Product Design Type, 2021 & 2031F |
9.3 Latvia Watches and Accessories Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 Latvia Watches and Accessories Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.5 Latvia Watches and Accessories Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Watches and Accessories Market - Competitive Landscape |
10.1 Latvia Watches and Accessories Market Revenue Share, By Companies, 2024 |
10.2 Latvia Watches and Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |