| Product Code: ETC5030247 | 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 Latvian market for watches and clocks import shipments saw a significant increase in concentration levels from 2023 to 2024, with top exporting countries being Poland, Lithuania, Vietnam, Switzerland, and Estonia. The high Herfindahl-Hirschman Index (HHI) in 2023 persisted into 2024, indicating a competitive market landscape. With a remarkable Compound Annual Growth Rate (CAGR) of 22.19% from 2020 to 2024 and a notable growth rate of 30.56% from 2023 to 2024, Latvia continues to show strong potential for the watches and clocks import sector, offering opportunities for both local and international players.

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 Clocks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Watches and Clocks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Watches and Clocks Market - Industry Life Cycle |
3.4 Latvia Watches and Clocks Market - Porter's Five Forces |
3.5 Latvia Watches and Clocks Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Latvia Watches and Clocks Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Watches and Clocks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growing preference for luxury and fashion accessories |
4.2.3 Rising popularity of smartwatches and wearable technology |
4.3 Market Restraints |
4.3.1 Intense competition from international watch brands |
4.3.2 Economic uncertainties impacting consumer spending habits |
5 Latvia Watches and Clocks Market Trends |
6 Latvia Watches and Clocks Market Segmentations |
6.1 Latvia Watches and Clocks Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Latvia Watches and Clocks Market Revenues & Volume, By Sport Watches, 2021-2031F |
6.1.3 Latvia Watches and Clocks Market Revenues & Volume, By Luxury Watches, 2021-2031F |
6.1.4 Latvia Watches and Clocks Market Revenues & Volume, By Diamond Watches, 2021-2031F |
6.1.5 Latvia Watches and Clocks Market Revenues & Volume, By Alarm Clock, 2021-2031F |
6.1.6 Latvia Watches and Clocks Market Revenues & Volume, By Wall Clock, 2021-2031F |
6.2 Latvia Watches and Clocks Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Watches and Clocks Market Revenues & Volume, By Display Time, 2021-2031F |
6.2.3 Latvia Watches and Clocks Market Revenues & Volume, By Adornment, 2021-2031F |
6.2.4 Latvia Watches and Clocks Market Revenues & Volume, By Collection, 2021-2031F |
6.2.5 Latvia Watches and Clocks Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Watches and Clocks Market Import-Export Trade Statistics |
7.1 Latvia Watches and Clocks Market Export to Major Countries |
7.2 Latvia Watches and Clocks Market Imports from Major Countries |
8 Latvia Watches and Clocks Market Key Performance Indicators |
8.1 Number of new product launches in the Latvian watches and clocks market |
8.2 Consumer sentiment towards spending on luxury accessories |
8.3 Adoption rate of smartwatches among Latvian consumers |
9 Latvia Watches and Clocks Market - Opportunity Assessment |
9.1 Latvia Watches and Clocks Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Latvia Watches and Clocks Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Watches and Clocks Market - Competitive Landscape |
10.1 Latvia Watches and Clocks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Watches and Clocks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |