| Product Code: ETC4947521 | 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 |
In 2024, Latvia continued to rely heavily on imports of window shutters, with top suppliers being Poland, Germany, Lithuania, Ukraine, and Finland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the sector experienced a negative compound annual growth rate (CAGR) of -3.18% from 2020 to 2024, with a further decline of -7.0% in growth rate from 2023 to 2024. This data suggests a challenging market environment for window shutter imports in Latvia, potentially influenced by various economic factors impacting the industry.

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 Window Shutters Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Window Shutters Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Window Shutters Market - Industry Life Cycle |
3.4 Latvia Window Shutters Market - Porter's Five Forces |
3.5 Latvia Window Shutters Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Latvia Window Shutters Market Revenues & Volume Share, By End-users, 2021 & 2031F |
3.7 Latvia Window Shutters Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
3.8 Latvia Window Shutters Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Window Shutters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient solutions in buildings, leading to increased adoption of window shutters in Latvia. |
4.2.2 Rising disposable income levels among consumers, enabling them to invest in home improvement projects like installing window shutters. |
4.2.3 Increasing awareness about the benefits of window shutters in terms of privacy, security, and aesthetics. |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to extreme weather conditions in Latvia, impacting the sales of window shutters. |
4.3.2 Competition from alternative window covering solutions such as blinds and curtains, affecting market share for window shutters. |
4.3.3 High initial installation costs of window shutters, deterring price-sensitive consumers from purchasing. |
5 Latvia Window Shutters Market Trends |
6 Latvia Window Shutters Market Segmentations |
6.1 Latvia Window Shutters Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Window Shutters Market Revenues & Volume, By Interior Shutters, 2021-2031F |
6.1.3 Latvia Window Shutters Market Revenues & Volume, By Exterior Shutters, 2021-2031F |
6.2 Latvia Window Shutters Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 Latvia Window Shutters Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Latvia Window Shutters Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Latvia Window Shutters Market, By Functionality |
6.3.1 Overview and Analysis |
6.3.2 Latvia Window Shutters Market Revenues & Volume, By Manual, 2021-2031F |
6.3.3 Latvia Window Shutters Market Revenues & Volume, By Automatic, 2021-2031F |
6.4 Latvia Window Shutters Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Window Shutters Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Latvia Window Shutters Market Revenues & Volume, By Offline, 2021-2031F |
7 Latvia Window Shutters Market Import-Export Trade Statistics |
7.1 Latvia Window Shutters Market Export to Major Countries |
7.2 Latvia Window Shutters Market Imports from Major Countries |
8 Latvia Window Shutters Market Key Performance Indicators |
8.1 Energy savings achieved by using window shutters in residential and commercial buildings. |
8.2 Number of new construction projects incorporating window shutters as part of the design. |
8.3 Customer satisfaction levels and feedback on the quality and functionality of window shutters. |
8.4 Adoption rate of smart or automated window shutter solutions in the market. |
8.5 Percentage of repeat customers purchasing additional window shutters or referring others. |
9 Latvia Window Shutters Market - Opportunity Assessment |
9.1 Latvia Window Shutters Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Latvia Window Shutters Market Opportunity Assessment, By End-users, 2021 & 2031F |
9.3 Latvia Window Shutters Market Opportunity Assessment, By Functionality, 2021 & 2031F |
9.4 Latvia Window Shutters Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Window Shutters Market - Competitive Landscape |
10.1 Latvia Window Shutters Market Revenue Share, By Companies, 2024 |
10.2 Latvia Window Shutters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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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