| Product Code: ETC10477621 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The wrist watch import market in Latvia saw significant growth in 2024, with top exporting countries being Poland, Lithuania, Vietnam, Switzerland, and Estonia. The market concentration remained high from 2023 to 2024, indicating a competitive landscape. The impressive Compound Annual Growth Rate (CAGR) of 22.19% from 2020 to 2024 highlights the increasing demand for wrist watches in Latvia. Moreover, the growth rate of 30.56% from 2023 to 2024 suggests a positive momentum in the market, making it an attractive sector for both domestic 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 Wrist Watch Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wrist Watch Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wrist Watch Market - Industry Life Cycle |
3.4 Latvia Wrist Watch Market - Porter's Five Forces |
3.5 Latvia Wrist Watch Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.6 Latvia Wrist Watch Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Wrist Watch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growing trend of luxury fashion accessories |
4.2.3 Rising popularity of wrist watches as fashion statements |
4.3 Market Restraints |
4.3.1 Competition from other fashion accessories such as smartwatches |
4.3.2 Economic uncertainties impacting consumer spending |
4.3.3 Availability of counterfeit products affecting market reputation |
5 Latvia Wrist Watch Market Trends |
6 Latvia Wrist Watch Market, By Types |
6.1 Latvia Wrist Watch Market, By Price Range |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wrist Watch Market Revenues & Volume, By Price Range, 2021 - 2031F |
6.1.3 Latvia Wrist Watch Market Revenues & Volume, By Low Range, 2021 - 2031F |
6.1.4 Latvia Wrist Watch Market Revenues & Volume, By Mid Range, 2021 - 2031F |
6.1.5 Latvia Wrist Watch Market Revenues & Volume, By Luxury, 2021 - 2031F |
6.2 Latvia Wrist Watch Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wrist Watch Market Revenues & Volume, By Quartz Watches, 2021 - 2031F |
6.2.3 Latvia Wrist Watch Market Revenues & Volume, By Digital Watches, 2021 - 2031F |
6.2.4 Latvia Wrist Watch Market Revenues & Volume, By Mechanical Watches, 2021 - 2031F |
7 Latvia Wrist Watch Market Import-Export Trade Statistics |
7.1 Latvia Wrist Watch Market Export to Major Countries |
7.2 Latvia Wrist Watch Market Imports from Major Countries |
8 Latvia Wrist Watch Market Key Performance Indicators |
8.1 Average selling price of wrist watches in Latvia |
8.2 Number of new product launches in the market |
8.3 Consumer sentiment towards wrist watches in Latvia |
8.4 Retailer inventory levels for wrist watches |
8.5 Number of collaborations between watch brands and influencers or celebrities |
9 Latvia Wrist Watch Market - Opportunity Assessment |
9.1 Latvia Wrist Watch Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.2 Latvia Wrist Watch Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Wrist Watch Market - Competitive Landscape |
10.1 Latvia Wrist Watch Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wrist Watch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |