| Product Code: ETC5140105 | 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 Latvia toaster import market saw a shift in concentration levels from low to moderate in 2024, indicating a more competitive landscape. Despite a negative growth rate of -18.47% in 2024, the market still maintained a healthy Compound Annual Growth Rate (CAGR) of 4.93% from 2020 to 2024. Top exporting countries such as Lithuania, China, Estonia, Hungary, and Czechia continue to play a significant role in supplying toasters to Latvia, showcasing strong trade relationships and potential for further market expansion in the future.

The Toaster market in Latvia is projected to grow at a stable growth rate of 2.48% 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 Toaster Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Toaster Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Toaster Market - Industry Life Cycle |
3.4 Latvia Toaster Market - Porter's Five Forces |
3.5 Latvia Toaster Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Toaster Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Toaster Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income levels in Latvia leading to higher spending on kitchen appliances like toasters. |
4.2.2 Growing trend of convenience and time-saving solutions in households, boosting the demand for toasters. |
4.2.3 Innovation in toaster technology and design, attracting consumers to upgrade to newer models. |
4.3 Market Restraints |
4.3.1 Market saturation with a wide range of toaster brands and models, leading to intense competition. |
4.3.2 Economic uncertainty impacting consumer spending behavior and willingness to invest in non-essential appliances. |
4.3.3 Fluctuating raw material prices affecting production costs and potentially leading to price increases for toasters. |
5 Latvia Toaster Market Trends |
6 Latvia Toaster Market Segmentations |
6.1 Latvia Toaster Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Toaster Market Revenues & Volume, By Pop-up Toasters, 2021-2031F |
6.1.3 Latvia Toaster Market Revenues & Volume, By Toaster Oven, 2021-2031F |
6.1.4 Latvia Toaster Market Revenues & Volume, By Conveyor Toasters, 2021-2031F |
6.2 Latvia Toaster Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Toaster Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Latvia Toaster Market Revenues & Volume, By Residential, 2021-2031F |
7 Latvia Toaster Market Import-Export Trade Statistics |
7.1 Latvia Toaster Market Export to Major Countries |
7.2 Latvia Toaster Market Imports from Major Countries |
8 Latvia Toaster Market Key Performance Indicators |
8.1 Average selling price (ASP) of toasters in Latvia. |
8.2 Consumer sentiment towards kitchen appliance purchases. |
8.3 Adoption rate of smart/toast-specific features in new toaster models. |
8.4 Percentage of households owning multiple toasters for different purposes. |
8.5 Frequency of toaster replacements or upgrades among consumers. |
9 Latvia Toaster Market - Opportunity Assessment |
9.1 Latvia Toaster Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Toaster Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Toaster Market - Competitive Landscape |
10.1 Latvia Toaster Market Revenue Share, By Companies, 2024 |
10.2 Latvia Toaster Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |