| Product Code: ETC5378042 | 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 | |
In 2024, Latvia saw a steady growth in its toys and games import shipments with top suppliers being Estonia, Czechia, Lithuania, Poland, and Germany. The market remained competitive with low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-24 stood at a respectable 4.24%. The diverse range of exporting countries reflects the vibrant and dynamic nature of the toy and games market in Latvia.
| 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 Toys & Games Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Toys & Games Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Toys & Games Market - Industry Life Cycle | 
| 3.4 Latvia Toys & Games Market - Porter's Five Forces | 
| 3.5 Latvia Toys & Games Market Revenues & Volume Share, By Product Type, 2021 & 2031F | 
| 3.6 Latvia Toys & Games Market Revenues & Volume Share, By Applications, 2021 & 2031F | 
| 3.7 Latvia Toys & Games Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F | 
| 4 Latvia Toys & Games Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing disposable income of households in Latvia | 
| 4.2.2 Growing popularity of educational toys among parents | 
| 4.2.3 Rising demand for interactive and tech-based toys | 
| 4.2.4 Influence of global toy trends and fads | 
| 4.2.5 Expansion of distribution channels for toys and games | 
| 4.3 Market Restraints | 
| 4.3.1 Regulatory restrictions on certain types of toys | 
| 4.3.2 Seasonal demand fluctuations affecting sales | 
| 4.3.3 Competition from online gaming and digital entertainment | 
| 4.3.4 Challenges in maintaining product safety standards | 
| 4.3.5 Economic uncertainty impacting consumer spending on non-essential items | 
| 5 Latvia Toys & Games Market Trends | 
| 6 Latvia Toys & Games Market Segmentations | 
| 6.1 Latvia Toys & Games Market, By Product Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Toys & Games Market Revenues & Volume, By Puzzles, 2021-2031F | 
| 6.1.3 Latvia Toys & Games Market Revenues & Volume, By Preschool Toys, 2021-2031F | 
| 6.1.4 Latvia Toys & Games Market Revenues & Volume, By Outdoor/Sports, 2021-2031F | 
| 6.1.5 Latvia Toys & Games Market Revenues & Volume, By Dolls, 2021-2031F | 
| 6.1.6 Latvia Toys & Games Market Revenues & Volume, By Video Games, 2021-2031F | 
| 6.1.7 Latvia Toys & Games Market Revenues & Volume, By Others, 2021-2031F | 
| 6.2 Latvia Toys & Games Market, By Applications | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Toys & Games Market Revenues & Volume, By 0 - 8 Years, 2021-2031F | 
| 6.2.3 Latvia Toys & Games Market Revenues & Volume, By 8 - 15 Years, 2021-2031F | 
| 6.2.4 Latvia Toys & Games Market Revenues & Volume, By 15 Years & Above, 2021-2031F | 
| 6.3 Latvia Toys & Games Market, By Distribution Channel | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Toys & Games Market Revenues & Volume, By Offline, 2021-2031F | 
| 6.3.3 Latvia Toys & Games Market Revenues & Volume, By Online, 2021-2031F | 
| 7 Latvia Toys & Games Market Import-Export Trade Statistics | 
| 7.1 Latvia Toys & Games Market Export to Major Countries | 
| 7.2 Latvia Toys & Games Market Imports from Major Countries | 
| 8 Latvia Toys & Games Market Key Performance Indicators | 
| 8.1 Average spend per household on toys and games | 
| 8.2 Adoption rate of educational toys in the market | 
| 8.3 Number of new toy and game product launches | 
| 8.4 Growth in online sales of toys and games | 
| 8.5 Customer satisfaction and loyalty metrics for toy brands | 
| 9 Latvia Toys & Games Market - Opportunity Assessment | 
| 9.1 Latvia Toys & Games Market Opportunity Assessment, By Product Type, 2021 & 2031F | 
| 9.2 Latvia Toys & Games Market Opportunity Assessment, By Applications, 2021 & 2031F | 
| 9.3 Latvia Toys & Games Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F | 
| 10 Latvia Toys & Games Market - Competitive Landscape | 
| 10.1 Latvia Toys & Games Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Toys & Games Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |