| Product Code: ETC4964279 | 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 |
The hospitality furniture import market in Latvia experienced a significant shift in concentration levels from moderate to low in 2024, reflecting a more diversified import landscape. With China, Poland, Lithuania, Germany, and Italy emerging as the top exporting countries, Latvia is benefiting from a wide range of furniture offerings. The impressive Compound Annual Growth Rate (CAGR) of 6.31% from 2020 to 2024, coupled with a notable growth rate of 10.92% in 2024, indicates a robust demand for hospitality furniture in the Latvian market, presenting opportunities for both domestic and international suppliers.

The Hospitality Furniture market in Latvia is projected to grow at a stable growth rate of 0.57% 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 Hospitality Furniture Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hospitality Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hospitality Furniture Market - Industry Life Cycle |
3.4 Latvia Hospitality Furniture Market - Porter's Five Forces |
3.5 Latvia Hospitality Furniture Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Hospitality Furniture Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Latvia Hospitality Furniture Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Latvia Hospitality Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing tourism industry in Latvia leading to increased demand for hospitality furniture. |
4.2.2 Rising disposable income levels and changing consumer preferences driving the need for modern and aesthetically pleasing furniture in the hospitality sector. |
4.2.3 Government initiatives promoting the development of the hospitality industry and infrastructure in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production for furniture manufacturers. |
4.3.2 Intense competition among furniture manufacturers and suppliers in the market leading to pricing pressures. |
4.3.3 Economic uncertainties and fluctuations affecting consumer spending on hospitality furniture. |
5 Latvia Hospitality Furniture Market Trends |
6 Latvia Hospitality Furniture Market Segmentations |
6.1 Latvia Hospitality Furniture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hospitality Furniture Market Revenues & Volume, By Wooden Furniture, 2021-2031F |
6.1.3 Latvia Hospitality Furniture Market Revenues & Volume, By Leather & Fabric Furniture, 2021-2031F |
6.1.4 Latvia Hospitality Furniture Market Revenues & Volume, By Metal Furniture, 2021-2031F |
6.1.5 Latvia Hospitality Furniture Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Hospitality Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Hospitality Furniture Market Revenues & Volume, By Economy Hotel, 2021-2031F |
6.2.3 Latvia Hospitality Furniture Market Revenues & Volume, By Extended-stay Hotel, 2021-2031F |
6.2.4 Latvia Hospitality Furniture Market Revenues & Volume, By Full-service Hotel, 2021-2031F |
6.2.5 Latvia Hospitality Furniture Market Revenues & Volume, By Luxury Hotel, 2021-2031F |
6.2.6 Latvia Hospitality Furniture Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Hospitality Furniture Market, By Industry Vertical |
6.3.1 Overview and Analysis |
6.3.2 Latvia Hospitality Furniture Market Revenues & Volume, By Hotels & Restaurants, 2021-2031F |
6.3.3 Latvia Hospitality Furniture Market Revenues & Volume, By Public Places, 2021-2031F |
6.3.4 Latvia Hospitality Furniture Market Revenues & Volume, By Corporate Offices, 2021-2031F |
6.3.5 Latvia Hospitality Furniture Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Hospitality Furniture Market Import-Export Trade Statistics |
7.1 Latvia Hospitality Furniture Market Export to Major Countries |
7.2 Latvia Hospitality Furniture Market Imports from Major Countries |
8 Latvia Hospitality Furniture Market Key Performance Indicators |
8.1 Average occupancy rate of hotels and restaurants in Latvia. |
8.2 Number of new hospitality establishments opened in Latvia. |
8.3 Rate of investment in tourism infrastructure development in Latvia. |
9 Latvia Hospitality Furniture Market - Opportunity Assessment |
9.1 Latvia Hospitality Furniture Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Hospitality Furniture Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Latvia Hospitality Furniture Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Latvia Hospitality Furniture Market - Competitive Landscape |
10.1 Latvia Hospitality Furniture Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hospitality Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |