| Product Code: ETC4962683 | 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 |
Latvia`s commercial kitchen appliances import market in 2024 saw significant contributions from top exporting countries including Germany, Italy, Switzerland, Finland, and Lithuania. Despite the low concentration with the Herfindahl-Hirschman Index (HHI), the market experienced a notable compound annual growth rate (CAGR) of -20.23% from 2020 to 2024. However, the growth rate took a dip in 2024 with a decline of -46.53% compared to the previous year. This data suggests a dynamic market landscape in Latvia for commercial kitchen appliances, with fluctuations in growth rates impacting import trends.

The Commercial Kitchen Appliances market in Latvia is projected to grow at a stable growth rate of 2.27% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Kitchen Appliances Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Kitchen Appliances Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Kitchen Appliances Market - Industry Life Cycle |
3.4 Latvia Commercial Kitchen Appliances Market - Porter's Five Forces |
3.5 Latvia Commercial Kitchen Appliances Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Commercial Kitchen Appliances Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Commercial Kitchen Appliances Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient appliances in commercial kitchens |
4.2.2 Growth in the foodservice industry in Latvia |
4.2.3 Technological advancements leading to innovative kitchen appliances |
4.3 Market Restraints |
4.3.1 High initial investment required for premium commercial kitchen appliances |
4.3.2 Stringent regulations and standards for commercial kitchen equipment in Latvia |
4.3.3 Economic fluctuations impacting the purchasing power of businesses |
5 Latvia Commercial Kitchen Appliances Market Trends |
6 Latvia Commercial Kitchen Appliances Market Segmentations |
6.1 Latvia Commercial Kitchen Appliances Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Refrigerators, 2021-2031F |
6.1.3 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Cooking Appliances, 2021-2031F |
6.1.4 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Cooktop and Cooking Ranges, 2021-2031F |
6.1.5 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Ovens, 2021-2031F |
6.1.6 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Dishwashers, 2021-2031F |
6.1.7 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Other Types, 2021-2031F |
6.2 Latvia Commercial Kitchen Appliances Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Quick Service Restaurant (QSR), 2021-2031F |
6.2.3 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Railway Dining, 2021-2031F |
6.2.4 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Institutional Canteen, 2021-2031F |
6.2.5 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Resort and Hotel, 2021-2031F |
6.2.6 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Hospital, 2021-2031F |
6.2.7 Latvia Commercial Kitchen Appliances Market Revenues & Volume, By Full Service Restaurant (FSR), 2021-2031F |
7 Latvia Commercial Kitchen Appliances Market Import-Export Trade Statistics |
7.1 Latvia Commercial Kitchen Appliances Market Export to Major Countries |
7.2 Latvia Commercial Kitchen Appliances Market Imports from Major Countries |
8 Latvia Commercial Kitchen Appliances Market Key Performance Indicators |
8.1 Energy efficiency ratings of commercial kitchen appliances |
8.2 Number of new restaurants and food establishments opening in Latvia |
8.3 Adoption rate of smart and connected kitchen appliances |
9 Latvia Commercial Kitchen Appliances Market - Opportunity Assessment |
9.1 Latvia Commercial Kitchen Appliances Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Commercial Kitchen Appliances Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Commercial Kitchen Appliances Market - Competitive Landscape |
10.1 Latvia Commercial Kitchen Appliances Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Kitchen Appliances Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |