| Product Code: ETC7914743 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The luxury cigar import market in Latvia continues to show steady growth, with top exporting countries in 2024 being Poland, Lithuania, Romania, Germany, and Czechia. Despite a low CAGR of 0.1% from 2020-2024, there was a positive growth rate of 2.05% from 2023-2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentration of imports among a few key players, highlighting the competitive nature of the market. This data suggests that the luxury cigar market in Latvia is resilient and poised for further growth in the coming years.

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 Luxury Cigar Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Luxury Cigar Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Luxury Cigar Market - Industry Life Cycle |
3.4 Latvia Luxury Cigar Market - Porter's Five Forces |
3.5 Latvia Luxury Cigar Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Luxury Cigar Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Luxury Cigar Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Luxury Cigar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growth in tourism industry leading to higher demand for luxury products |
4.2.3 Rising popularity of cigar culture and social gatherings in Latvia |
4.3 Market Restraints |
4.3.1 Stringent regulations on tobacco products in Latvia |
4.3.2 High taxation on luxury goods impacting affordability for consumers |
5 Latvia Luxury Cigar Market Trends |
6 Latvia Luxury Cigar Market, By Types |
6.1 Latvia Luxury Cigar Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Luxury Cigar Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Luxury Cigar Market Revenues & Volume, By Hand Rolled, 2021- 2031F |
6.1.4 Latvia Luxury Cigar Market Revenues & Volume, By Machine Rolled, 2021- 2031F |
6.2 Latvia Luxury Cigar Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Luxury Cigar Market Revenues & Volume, By Male Smokers, 2021- 2031F |
6.2.3 Latvia Luxury Cigar Market Revenues & Volume, By Female Smokers, 2021- 2031F |
6.3 Latvia Luxury Cigar Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Luxury Cigar Market Revenues & Volume, By Online, 2021- 2031F |
6.3.3 Latvia Luxury Cigar Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Luxury Cigar Market Import-Export Trade Statistics |
7.1 Latvia Luxury Cigar Market Export to Major Countries |
7.2 Latvia Luxury Cigar Market Imports from Major Countries |
8 Latvia Luxury Cigar Market Key Performance Indicators |
8.1 Average spend per capita on luxury cigars in Latvia |
8.2 Number of luxury cigar lounges or clubs in the country |
8.3 Percentage of imported luxury cigars in the Latvian market |
9 Latvia Luxury Cigar Market - Opportunity Assessment |
9.1 Latvia Luxury Cigar Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Luxury Cigar Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Luxury Cigar Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Luxury Cigar Market - Competitive Landscape |
10.1 Latvia Luxury Cigar Market Revenue Share, By Companies, 2024 |
10.2 Latvia Luxury Cigar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |