Latvia Candle Market (2025-2031) | Growth, Value, Share, Revenue, Companies, Size, Segmentation, Trends, Industry, Analysis, Forecast & Outlook

Name: Latvia Candle Market (2025-2031) | Forecast & Industry
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Candle Market, Latvia Candle Market, Latvia Candle Market Revenues, Latvia Candle Market Share, Latvia Candle Market Size, Latvia Candle Market Outlook, Latvia Candle Market Report, Latvia Candle Market Competition, Latvia Candle Market Overview, Latvia Candle Market Trends, Latvia Candle Market Forecast

Market Forecast By Product Type (Votive, Container Candle, Pillars, Tapers, Others), By Wax (Paraffin, Soy Wax, Beeswax, Palm Wax, Others), By Distribution Channel (Offline, Online) And Competitive Landscape

Product Code: ETC5680332	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

Latvia Candle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The candle import market in Latvia has shown steady growth with a CAGR of 8.3% from 2020 to 2024, although there was a slight decline in growth rate from 2023 to 2024 at -2.76%. The top exporting countries to Latvia in 2024, including Poland, Lithuania, China, Denmark, and Germany, indicate a diverse source of imports. The market concentration, as measured by the HHI, was high in 2023 and further increased to very high in 2024, suggesting a more concentrated market landscape with potential implications for competition and pricing dynamics.

Latvia Candle Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Candle Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Latvia's Candle market is anticipated to experience a stable growth rate of 3.31% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

Candle Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

Latvia Candle Market Outlook
Market Size of Latvia Candle Market, 2024
Forecast of Latvia Candle Market, 2031
Historical Data and Forecast of Latvia Candle Revenues & Volume for the Period 2021-2031
Latvia Candle Market Trend Evolution
Latvia Candle Market Drivers and Challenges
Latvia Candle Price Trends
Latvia Candle Porter`s Five Forces
Latvia Candle Industry Life Cycle
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Votive for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Container Candle for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Pillars for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Tapers for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Wax for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Paraffin for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Soy Wax for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Beeswax for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Palm Wax for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Distribution Channel for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Offline for the Period 2021-2031
Historical Data and Forecast of Latvia Candle Market Revenues & Volume By Online for the Period 2021-2031
Latvia Candle Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Wax
Market Opportunity Assessment By Distribution Channel
Latvia Candle Top Companies Market Share
Latvia Candle Competitive Benchmarking By Technical and Operational Parameters
Latvia Candle Company Profiles
Latvia Candle Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

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 Candle Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Candle Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Candle Market - Industry Life Cycle

3.4 Latvia Candle Market - Porter's Five Forces

3.5 Latvia Candle Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Latvia Candle Market Revenues & Volume Share, By Wax, 2021 & 2031F

3.7 Latvia Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Latvia Candle Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer focus on ambiance and decor in homes

4.2.2 Growing popularity of scented candles for aromatherapy and relaxation purposes

4.2.3 Rising demand for natural, eco-friendly candles as a sustainable lifestyle choice

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials like wax and fragrances

4.3.2 Competition from alternative home fragrance products like diffusers and air fresheners

4.3.3 Impact of seasonal demand fluctuations on candle sales

5 Latvia Candle Market Trends

6 Latvia Candle Market Segmentations

6.1 Latvia Candle Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Latvia Candle Market Revenues & Volume, By Votive, 2021-2031F

6.1.3 Latvia Candle Market Revenues & Volume, By Container Candle, 2021-2031F

6.1.4 Latvia Candle Market Revenues & Volume, By Pillars, 2021-2031F

6.1.5 Latvia Candle Market Revenues & Volume, By Tapers, 2021-2031F

6.1.6 Latvia Candle Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Candle Market, By Wax

6.2.1 Overview and Analysis

6.2.2 Latvia Candle Market Revenues & Volume, By Paraffin, 2021-2031F

6.2.3 Latvia Candle Market Revenues & Volume, By Soy Wax, 2021-2031F

6.2.4 Latvia Candle Market Revenues & Volume, By Beeswax, 2021-2031F

6.2.5 Latvia Candle Market Revenues & Volume, By Palm Wax, 2021-2031F

6.2.6 Latvia Candle Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Candle Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Latvia Candle Market Revenues & Volume, By Offline, 2021-2031F

6.3.3 Latvia Candle Market Revenues & Volume, By Online, 2021-2031F

7 Latvia Candle Market Import-Export Trade Statistics

7.1 Latvia Candle Market Export to Major Countries

7.2 Latvia Candle Market Imports from Major Countries

8 Latvia Candle Market Key Performance Indicators

8.1 Number of new candle product launches in the market

8.2 Percentage increase in online sales of candles

8.3 Growth in demand for specialty candles (e.g., soy candles, beeswax candles)

9 Latvia Candle Market - Opportunity Assessment

9.1 Latvia Candle Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Latvia Candle Market Opportunity Assessment, By Wax, 2021 & 2031F

9.3 Latvia Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Latvia Candle Market - Competitive Landscape

10.1 Latvia Candle Market Revenue Share, By Companies, 2024

10.2 Latvia Candle Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Candle Market

Asia Candle Market

Asia Pacific Candle Market

Europe Candle Market

Global Candle Market

Middle East Candle Market

North America Candle Market

Rwanda Candle Market

Saint Kitts and Nevis Candle Market

Saint Lucia Candle Market

Saint Vincent and the Grenadines Candle Market

San Marino Candle Market

Export potential assessment - trade Analytics for 2030

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.

To discover high-growth global markets and optimize your business strategy:

Click Here