| Product Code: ETC5521929 | 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 |
In 2024, Latvia continued to see a diverse range of board games imported, with top exporters including China, Estonia, Germany, Metropolitan France, and Russia. The low Herfindahl-Hirschman Index (HHI) indicates a market with low concentration among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 14.18%, reflecting a growing interest in board games within the Latvian market. Furthermore, the growth rate in 2024 alone was 3.53%, suggesting a sustained momentum in the importation of board games, potentially driven by evolving consumer preferences and increased availability of diverse gaming options.

By 2027, Latvia's Board Games market is forecasted to achieve a stable growth rate of 1.03%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Board Games Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Board Games Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Board Games Market - Industry Life Cycle |
3.4 Latvia Board Games Market - Porter's Five Forces |
3.5 Latvia Board Games Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Board Games Market Revenues & Volume Share, By Theme Type, 2021 & 2031F |
3.7 Latvia Board Games Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Board Games Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of board games as a social activity and entertainment option in Latvia |
4.2.2 Growing disposable income and willingness to spend on leisure activities |
4.2.3 Rise in demand for unique and innovative board game themes and designs |
4.2.4 Expansion of board game cafes and clubs, creating a community around board gaming |
4.3 Market Restraints |
4.3.1 Competition from digital gaming platforms and online entertainment options |
4.3.2 Limited shelf space in retail stores for board games |
4.3.3 Seasonal demand fluctuations affecting sales and production planning |
5 Latvia Board Games Market Trends |
6 Latvia Board Games Market Segmentations |
6.1 Latvia Board Games Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Board Games Market Revenues & Volume, By Puzzles, 2021-2031F |
6.1.3 Latvia Board Games Market Revenues & Volume, By Collectible Card Games, 2021-2031F |
6.1.4 Latvia Board Games Market Revenues & Volume, By Card & Dice Games, 2021-2031F |
6.1.5 Latvia Board Games Market Revenues & Volume, By Miniature Games, 2021-2031F |
6.1.6 Latvia Board Games Market Revenues & Volume, By RPG Board Games, 2021-2031F |
6.2 Latvia Board Games Market, By Theme Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Board Games Market Revenues & Volume, By Educational Board Games, 2021-2031F |
6.2.3 Latvia Board Games Market Revenues & Volume, By Strategy & War Board Games, 2021-2031F |
6.2.4 Latvia Board Games Market Revenues & Volume, By Fantasy Board Games, 2021-2031F |
6.2.5 Latvia Board Games Market Revenues & Volume, By Sports Board Games, 2021-2031F |
6.2.6 Latvia Board Games Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Board Games Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Board Games Market Revenues & Volume, By Retail Stores, 2021-2031F |
6.3.3 Latvia Board Games Market Revenues & Volume, By Online, 2021-2031F |
7 Latvia Board Games Market Import-Export Trade Statistics |
7.1 Latvia Board Games Market Export to Major Countries |
7.2 Latvia Board Games Market Imports from Major Countries |
8 Latvia Board Games Market Key Performance Indicators |
8.1 Average time spent on board gaming per capita in Latvia |
8.2 Number of new board game releases in the Latvian market |
8.3 Attendance and participation rates in board game events and conventions in Latvia |
9 Latvia Board Games Market - Opportunity Assessment |
9.1 Latvia Board Games Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Board Games Market Opportunity Assessment, By Theme Type, 2021 & 2031F |
9.3 Latvia Board Games Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Board Games Market - Competitive Landscape |
10.1 Latvia Board Games Market Revenue Share, By Companies, 2024 |
10.2 Latvia Board Games Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |