| Product Code: ETC5331891 | 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`s watercolor import market in 2024 saw a diverse range of suppliers, with China, Lithuania, Poland, Ukraine, and the Netherlands being the top exporting countries. The market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.19% from 2020 to 2024, there was a slight decline in growth from 2023 to 2024 at -1.9%. The presence of various suppliers indicates a competitive landscape, potentially offering Latvian buyers a wide selection of watercolor products to choose from.

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 Water Color Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Water Color Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Water Color Market - Industry Life Cycle |
3.4 Latvia Water Color Market - Porter's Five Forces |
3.5 Latvia Water Color Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Water Color Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Latvia Water Color Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.8 Latvia Water Color Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Water Color Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and non-toxic art supplies |
4.2.2 Growing popularity of DIY and art as a form of stress relief |
4.2.3 Rise in disposable income leading to higher spending on leisure activities like painting |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from digital art mediums and online art platforms |
4.3.3 Limited availability of premium quality watercolor paints in the market |
5 Latvia Water Color Market Trends |
6 Latvia Water Color Market Segmentations |
6.1 Latvia Water Color Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Water Color Market Revenues & Volume, By Pure Transparent Watercolors, 2021-2031F |
6.1.3 Latvia Water Color Market Revenues & Volume, By Semi-Transparent Watercolors, 2021-2031F |
6.1.4 Latvia Water Color Market Revenues & Volume, By Opaque Watercolors, 2021-2031F |
6.2 Latvia Water Color Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Water Color Market Revenues & Volume, By Students, 2021-2031F |
6.2.3 Latvia Water Color Market Revenues & Volume, By Artists/ Professionals, 2021-2031F |
6.3 Latvia Water Color Market, By Price Range |
6.3.1 Overview and Analysis |
6.3.2 Latvia Water Color Market Revenues & Volume, By Less than US$ 25, 2021-2031F |
6.3.3 Latvia Water Color Market Revenues & Volume, By US$ 25 ? ?? US$ 100, 2021-2031F |
6.3.4 Latvia Water Color Market Revenues & Volume, By US$ 100 ? ?? US$ 200, 2021-2031F |
6.3.5 Latvia Water Color Market Revenues & Volume, By More than US$ 200, 2021-2031F |
6.4 Latvia Water Color Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Water Color Market Revenues & Volume, By Wholesalers/ Distributors, 2021-2031F |
6.4.3 Latvia Water Color Market Revenues & Volume, By Supermarkets/ Hypermarkets, 2021-2031F |
6.4.4 Latvia Water Color Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.4.5 Latvia Water Color Market Revenues & Volume, By Multi-brand Stores, 2021-2031F |
6.4.6 Latvia Water Color Market Revenues & Volume, By Online Retailers, 2021-2031F |
6.4.7 Latvia Water Color Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Water Color Market Import-Export Trade Statistics |
7.1 Latvia Water Color Market Export to Major Countries |
7.2 Latvia Water Color Market Imports from Major Countries |
8 Latvia Water Color Market Key Performance Indicators |
8.1 Number of art workshops and classes using watercolors |
8.2 Online engagement metrics such as social media followers, likes, and shares for watercolor artists and brands |
8.3 Percentage of repeat customers purchasing watercolor supplies |
9 Latvia Water Color Market - Opportunity Assessment |
9.1 Latvia Water Color Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Water Color Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Latvia Water Color Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.4 Latvia Water Color Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Water Color Market - Competitive Landscape |
10.1 Latvia Water Color Market Revenue Share, By Companies, 2024 |
10.2 Latvia Water Color Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |