| Product Code: ETC4722618 | 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 import shipments of washing machines in Latvia continued to show strong growth in 2024, with China, Poland, Spain, Belgium, and Czechia emerging as the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a significant concentration in the market. The impressive compound annual growth rate (CAGR) of 31.75% from 2020 to 2024 demonstrates a robust expansion in demand. Moreover, the growth rate of 5.76% from 2023 to 2024 highlights the sustained momentum in the market, making it an attractive sector for manufacturers and exporters.

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 Washing Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Washing Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Washing Machine Market - Industry Life Cycle |
3.4 Latvia Washing Machine Market - Porter's Five Forces |
3.5 Latvia Washing Machine Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Washing Machine Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Washing Machine Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Latvia Washing Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.9 Latvia Washing Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Washing Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Latvia |
4.2.2 Growing awareness about energy efficiency and eco-friendly products |
4.2.3 Urbanization and rising demand for convenience appliances |
4.3 Market Restraints |
4.3.1 Economic uncertainties impacting consumer spending |
4.3.2 Competition from alternative laundry solutions like laundromats or laundry services |
5 Latvia Washing Machine Market Trends |
6 Latvia Washing Machine Market Segmentations |
6.1 Latvia Washing Machine Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Washing Machine Market Revenues & Volume, By Fully automatic, 2021-2031F |
6.1.3 Latvia Washing Machine Market Revenues & Volume, By Semi-automatic, 2021-2031F |
6.1.4 Latvia Washing Machine Market Revenues & Volume, By Dryers, 2021-2031F |
6.2 Latvia Washing Machine Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Washing Machine Market Revenues & Volume, By Smart connected washing machine, 2021-2031F |
6.2.3 Latvia Washing Machine Market Revenues & Volume, By Conventional washing machine, 2021-2031F |
6.3 Latvia Washing Machine Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Latvia Washing Machine Market Revenues & Volume, By Below 6 kg, 2021-2031F |
6.3.3 Latvia Washing Machine Market Revenues & Volume, By 6.1 to 8 kg, 2021-2031F |
6.3.4 Latvia Washing Machine Market Revenues & Volume, By Above 8 kg, 2021-2031F |
6.4 Latvia Washing Machine Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Washing Machine Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.3 Latvia Washing Machine Market Revenues & Volume, By Residential, 2021-2031F |
6.5 Latvia Washing Machine Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Washing Machine Market Revenues & Volume, By Healthcare, 2021-2031F |
6.5.3 Latvia Washing Machine Market Revenues & Volume, By Hospitality, 2021-2031F |
6.5.4 Latvia Washing Machine Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Washing Machine Market Import-Export Trade Statistics |
7.1 Latvia Washing Machine Market Export to Major Countries |
7.2 Latvia Washing Machine Market Imports from Major Countries |
8 Latvia Washing Machine Market Key Performance Indicators |
8.1 Average energy efficiency rating of washing machines sold in Latvia |
8.2 Number of households with washing machines as a percentage of total households |
8.3 Consumer sentiment towards purchasing home appliances |
8.4 Household debt-to-income ratio in Latvia |
8.5 Government subsidies or incentives for energy-efficient appliance purchases |
9 Latvia Washing Machine Market - Opportunity Assessment |
9.1 Latvia Washing Machine Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Washing Machine Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Washing Machine Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Latvia Washing Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.5 Latvia Washing Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Washing Machine Market - Competitive Landscape |
10.1 Latvia Washing Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Washing Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |