| Product Code: ETC7906831 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady increase in canoe and kayak imports, with top contributing countries being Czechia, Germany, Romania, Estonia, and Belgium. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood strong at 19.97%, indicating a robust market expansion. Although the growth rate slightly slowed to 0.3% from 2023 to 2024, the overall outlook for the canoe and kayak import market in Latvia remains positive and promising.

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 Canoe and Kayak Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Canoe and Kayak Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Canoe and Kayak Market - Industry Life Cycle |
3.4 Latvia Canoe and Kayak Market - Porter's Five Forces |
3.5 Latvia Canoe and Kayak Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Canoe and Kayak Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Canoe and Kayak Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Latvia Canoe and Kayak Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Canoe and Kayak Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of outdoor recreational activities |
4.2.2 Growing interest in water sports and adventure tourism |
4.2.3 Government initiatives promoting sports and eco-tourism |
4.3 Market Restraints |
4.3.1 Seasonal nature of canoeing and kayaking due to weather conditions |
4.3.2 Limited accessibility to water bodies and infrastructure for water sports |
4.3.3 High initial cost of purchasing canoes and kayaks |
5 Latvia Canoe and Kayak Market Trends |
6 Latvia Canoe and Kayak Market, By Types |
6.1 Latvia Canoe and Kayak Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Canoe and Kayak Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Canoe and Kayak Market Revenues & Volume, By Canoes and Kayaks, 2021- 2031F |
6.1.4 Latvia Canoe and Kayak Market Revenues & Volume, By Accessories, 2021- 2031F |
6.2 Latvia Canoe and Kayak Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Canoe and Kayak Market Revenues & Volume, By Rigid, 2021- 2031F |
6.2.3 Latvia Canoe and Kayak Market Revenues & Volume, By Folding, 2021- 2031F |
6.2.4 Latvia Canoe and Kayak Market Revenues & Volume, By Inflatable, 2021- 2031F |
6.3 Latvia Canoe and Kayak Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Latvia Canoe and Kayak Market Revenues & Volume, By Recreational, 2021- 2031F |
6.3.3 Latvia Canoe and Kayak Market Revenues & Volume, By Touring, 2021- 2031F |
6.3.4 Latvia Canoe and Kayak Market Revenues & Volume, By Racing Activities, 2021- 2031F |
6.4 Latvia Canoe and Kayak Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Canoe and Kayak Market Revenues & Volume, By Sports Goods Retailers, 2021- 2031F |
6.4.3 Latvia Canoe and Kayak Market Revenues & Volume, By Online Retail, 2021- 2031F |
7 Latvia Canoe and Kayak Market Import-Export Trade Statistics |
7.1 Latvia Canoe and Kayak Market Export to Major Countries |
7.2 Latvia Canoe and Kayak Market Imports from Major Countries |
8 Latvia Canoe and Kayak Market Key Performance Indicators |
8.1 Number of eco-tourism initiatives promoting canoeing and kayaking |
8.2 Participation rate in water sports events and competitions |
8.3 Growth in the number of kayak and canoe rental facilities |
8.4 Percentage of budget allocated by the government towards promoting outdoor sports and tourism |
8.5 Average length of the canoeing and kayaking season in Latvia |
9 Latvia Canoe and Kayak Market - Opportunity Assessment |
9.1 Latvia Canoe and Kayak Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Canoe and Kayak Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Canoe and Kayak Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 Latvia Canoe and Kayak Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Canoe and Kayak Market - Competitive Landscape |
10.1 Latvia Canoe and Kayak Market Revenue Share, By Companies, 2024 |
10.2 Latvia Canoe and Kayak Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |