Competitiveness Analysis of Latvian Timber Industry

The research aim was to find out the development possibilities of Latvian timber industry and analyse its competitiveness. The analysis of Latvian timber industry showed that Latvia has a stable resource base and possibilities to ensure supply in time. Entrepreneurs think about a long-term development and conclude long-term business contacts with partners and employees. Most successful enterprises keep up with the European Union average indicators. The supply of good quality products is not the only essential factor to operate on the global scale market; it is also important to think about value added of goods following from good services, after-services and flexibility. The authors have analysed the delaying problems of timber industry, development possibilities of timber industry and its competitiveness based on the following methods: resource-based view, SWOT, Porter 5 forces, expert interviews, and a questionnaire.