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

Market Forecast By Type (Hooks, Lines, Sinkers & Floats, Rods, Reels, Nets & Traps, Spear & Gaffs, Others), By Nature (Fresh Water, Salt Water, Fly Fishing), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC5032907 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 Fishing Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia`s fishing equipment import market continued to see a diverse range of suppliers, with top exporters including China, Poland, USA, Germany, and Lithuania. Despite the variety of sources, the market remains relatively unconcentrated, as indicated by the low Herfindahl-Hirschman Index (HHI). However, the market experienced a decline with a negative Compound Annual Growth Rate (CAGR) of -5.35% from 2020 to 2024, with a further decrease in growth rate from 2023 to 2024 at -10.06%. This suggests a challenging environment for fishing equipment importers in Latvia, signaling the need for strategic adjustments.

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

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


Latvia's Fishing Equipment market is anticipated to experience a stable growth rate of 0.65% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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

Key Highlights of the Report:

  • Latvia Fishing Equipment Market Outlook
  • Market Size of Latvia Fishing Equipment Market, 2024
  • Forecast of Latvia Fishing Equipment Market, 2031
  • Historical Data and Forecast of Latvia Fishing Equipment Revenues & Volume for the Period 2021-2031
  • Latvia Fishing Equipment Market Trend Evolution
  • Latvia Fishing Equipment Market Drivers and Challenges
  • Latvia Fishing Equipment Price Trends
  • Latvia Fishing Equipment Porter`s Five Forces
  • Latvia Fishing Equipment Industry Life Cycle
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Hooks for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Lines for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Sinkers & Floats for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Rods for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Reels for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Nets & Traps for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Spear & Gaffs for the Period 2021-2031
  • Historical Data and Forecast of Latvia Hooks Fishing Equipment Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Nature for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Fresh Water for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Salt Water for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Fly Fishing for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Distribution Channel for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Online for the Period 2021-2031
  • Historical Data and Forecast of Latvia Fishing Equipment Market Revenues & Volume By Offline for the Period 2021-2031
  • Latvia Fishing Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Nature
  • Market Opportunity Assessment By Distribution Channel
  • Latvia Fishing Equipment Top Companies Market Share
  • Latvia Fishing Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Fishing Equipment Company Profiles
  • Latvia Fishing Equipment Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Fishing Equipment Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Fishing Equipment Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Fishing Equipment Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Fishing Equipment Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Fishing Equipment Market - Industry Life Cycle

3.4 Latvia Fishing Equipment Market - Porter's Five Forces

3.5 Latvia Fishing Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Fishing Equipment Market Revenues & Volume Share, By Nature, 2021 & 2031F

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

4 Latvia Fishing Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing popularity of recreational fishing in Latvia

4.2.2 Growth in disposable income of the population leading to higher spending on leisure activities

4.2.3 Government initiatives to promote fishing tourism in Latvia

4.3 Market Restraints

4.3.1 Seasonality of fishing affecting demand for fishing equipment

4.3.2 Environmental regulations impacting fishing practices

4.3.3 Competition from online retailers affecting traditional brick-and-mortar stores

5 Latvia Fishing Equipment Market Trends

6 Latvia Fishing Equipment Market Segmentations

6.1 Latvia Fishing Equipment Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Fishing Equipment Market Revenues & Volume, By Hooks, 2021-2031F

6.1.3 Latvia Fishing Equipment Market Revenues & Volume, By Lines, 2021-2031F

6.1.4 Latvia Fishing Equipment Market Revenues & Volume, By Sinkers & Floats, 2021-2031F

6.1.5 Latvia Fishing Equipment Market Revenues & Volume, By Rods, 2021-2031F

6.1.6 Latvia Fishing Equipment Market Revenues & Volume, By Reels, 2021-2031F

6.1.7 Latvia Fishing Equipment Market Revenues & Volume, By Nets & Traps, 2021-2031F

6.1.9 Latvia Fishing Equipment Market Revenues & Volume, By Others, 2021-2031F

6.1.10 Latvia Fishing Equipment Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Fishing Equipment Market, By Nature

6.2.1 Overview and Analysis

6.2.2 Latvia Fishing Equipment Market Revenues & Volume, By Fresh Water, 2021-2031F

6.2.3 Latvia Fishing Equipment Market Revenues & Volume, By Salt Water, 2021-2031F

6.2.4 Latvia Fishing Equipment Market Revenues & Volume, By Fly Fishing, 2021-2031F

6.3 Latvia Fishing Equipment Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Latvia Fishing Equipment Market Revenues & Volume, By Online, 2021-2031F

6.3.3 Latvia Fishing Equipment Market Revenues & Volume, By Offline, 2021-2031F

7 Latvia Fishing Equipment Market Import-Export Trade Statistics

7.1 Latvia Fishing Equipment Market Export to Major Countries

7.2 Latvia Fishing Equipment Market Imports from Major Countries

8 Latvia Fishing Equipment Market Key Performance Indicators

8.1 Number of fishing licenses issued annually

8.2 Participation rate in fishing tournaments or events

8.3 Tourism revenue generated from fishing activities in Latvia

9 Latvia Fishing Equipment Market - Opportunity Assessment

9.1 Latvia Fishing Equipment Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Fishing Equipment Market Opportunity Assessment, By Nature, 2021 & 2031F

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

10 Latvia Fishing Equipment Market - Competitive Landscape

10.1 Latvia Fishing Equipment Market Revenue Share, By Companies, 2024

10.2 Latvia Fishing Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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