| Product Code: ETC4648005 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a diverse range of commercial cooking equipment imports, with top exporters being Germany, Switzerland, Finland, Italy, and Lithuania. Despite the low concentration with a low Herfindahl-Hirschman Index (HHI), the market experienced a significant decline in the Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -21.14%. Additionally, the growth rate from 2023 to 2024 plummeted at -43.99%. These statistics suggest a challenging landscape for commercial cooking equipment imports in Latvia, highlighting the need for strategic planning and adaptation within the industry.

By 2027, Latvia's Commercial Cooking Equipment market is forecasted to achieve a stable growth rate of 0.43%, 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 Commercial Cooking Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Cooking Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Cooking Equipment Market - Industry Life Cycle |
3.4 Latvia Commercial Cooking Equipment Market - Porter's Five Forces |
3.5 Latvia Commercial Cooking Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Commercial Cooking Equipment Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Commercial Cooking Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing foodservice industry in Latvia |
4.2.2 Increasing demand for energy-efficient cooking equipment |
4.2.3 Rising trend of eating out and food delivery services |
4.3 Market Restraints |
4.3.1 High initial investment cost for commercial cooking equipment |
4.3.2 Stringent regulations and standards for food safety and hygiene |
4.3.3 Limited availability of skilled labor in the foodservice industry |
5 Latvia Commercial Cooking Equipment Market Trends |
6 Latvia Commercial Cooking Equipment Market Segmentations |
6.1 Latvia Commercial Cooking Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Fryers, 2021-2031F |
6.1.3 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Ovens, 2021-2031F |
6.1.4 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Cookers, 2021-2031F |
6.1.5 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Kettles, 2021-2031F |
6.1.6 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Steamers, 2021-2031F |
6.1.7 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Cook-Chill Systems, 2021-2031F |
6.1.9 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Commercial Cooking Equipment Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Full Service Restaurant & Hotels, 2021-2031F |
6.2.3 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Catering Service, 2021-2031F |
6.2.4 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Quick Service, 2021-2031F |
6.2.5 Latvia Commercial Cooking Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Commercial Cooking Equipment Market Import-Export Trade Statistics |
7.1 Latvia Commercial Cooking Equipment Market Export to Major Countries |
7.2 Latvia Commercial Cooking Equipment Market Imports from Major Countries |
8 Latvia Commercial Cooking Equipment Market Key Performance Indicators |
8.1 Energy efficiency rating of commercial cooking equipment |
8.2 Number of new restaurants and foodservice establishments in Latvia |
8.3 Average utilization rate of commercial cooking equipment in restaurants |
9 Latvia Commercial Cooking Equipment Market - Opportunity Assessment |
9.1 Latvia Commercial Cooking Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Commercial Cooking Equipment Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Commercial Cooking Equipment Market - Competitive Landscape |
10.1 Latvia Commercial Cooking Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Cooking Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |