| Product Code: ETC5387884 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s flatware import market saw significant growth in 2024, with top suppliers including China, Belgium, Lithuania, Brazil, and Finland. Despite the diverse range of countries exporting flatware to Latvia, the market remains characterized by low concentration, as indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.47%, with a notable growth spurt of 16.06% from 2023 to 2024. These figures suggest a robust and expanding flatware import market in Latvia, offering opportunities for both domestic consumers and international suppliers.
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 Flatware Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Flatware Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Flatware Market - Industry Life Cycle |
3.4 Latvia Flatware Market - Porter's Five Forces |
3.5 Latvia Flatware Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Flatware Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Latvia Flatware Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Flatware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income in Latvia leading to higher purchasing power for flatware products |
4.2.2 Growing trend of dining out and hosting events at home, driving demand for flatware |
4.2.3 Rising awareness about the importance of quality and design in flatware products |
4.3 Market Restraints |
4.3.1 Intense competition from local and international flatware manufacturers |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Economic uncertainty affecting consumer spending on non-essential items like flatware |
5 Latvia Flatware Market Trends |
6 Latvia Flatware Market Segmentations |
6.1 Latvia Flatware Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Flatware Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.3 Latvia Flatware Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.4 Latvia Flatware Market Revenues & Volume, By Silver, 2021-2031F |
6.1.5 Latvia Flatware Market Revenues & Volume, By Gold, 2021-2031F |
6.2 Latvia Flatware Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Flatware Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Latvia Flatware Market Revenues & Volume, By Offline, 2021-2031F |
6.3 Latvia Flatware Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Flatware Market Revenues & Volume, By Public Consumption Restaurant, 2021-2031F |
6.3.3 Latvia Flatware Market Revenues & Volume, By High-end Restaurant, 2021-2031F |
7 Latvia Flatware Market Import-Export Trade Statistics |
7.1 Latvia Flatware Market Export to Major Countries |
7.2 Latvia Flatware Market Imports from Major Countries |
8 Latvia Flatware Market Key Performance Indicators |
8.1 Customer satisfaction scores from post-purchase surveys |
8.2 Number of new product launches and innovations in the flatware market |
8.3 Average customer lifetime value for flatware products |
8.4 Social media engagement and sentiment analysis for flatware brands |
8.5 Number of partnerships and collaborations with influencers or lifestyle brands for promoting flatware. |
9 Latvia Flatware Market - Opportunity Assessment |
9.1 Latvia Flatware Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Flatware Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Latvia Flatware Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Flatware Market - Competitive Landscape |
10.1 Latvia Flatware Market Revenue Share, By Companies, 2024 |
10.2 Latvia Flatware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |