The 2013 Import and Export Market for Children's Toys and Indoor Games in Latvia

On the demand side, exporters and strategic planners focusing on children's toys and indoor games in Latvia face a number of questions. Which countries are supplying children's toys and indoor games to Latvia? How important is Latvia compared to others in terms of the entire global and regional market? How much do the imports of children's toys and indoor games vary from one country of origin to another in Latvia? On the supply side, Latvia also exports children's toys and indoor games. Which countries receive the most exports from Latvia? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers? This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for children's toys and indoor games in Latvia. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for children's toys and indoor games for those countries serving Latvia via exports, or supplying from Latvia via imports. It does so for the current year based on a variety of key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where Latvia fits into the world market for imported and exported children's toys and indoor games. The total level of imports and exports on a worldwide basis, and those for Latvia in particular, is estimated using a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and