| 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 |
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'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.

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 |