| Product Code: ETC4793507 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to see a diverse range of imported fireplaces and stoves from top exporting countries such as Poland, Lithuania, Croatia, Italy, and Bulgaria. Despite the variety of sources, market concentration remained low, indicating a competitive landscape. The compound annual growth rate (CAGR) over the period 2020-2024 stood at 1.86%, reflecting steady growth. However, there was a slight decline in the growth rate from 2023 to 2024 at -2.39%, suggesting a potential slowdown in the market that industry players should monitor closely.

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 Fireplaces and Stoves Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Fireplaces and Stoves Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Fireplaces and Stoves Market - Industry Life Cycle |
3.4 Latvia Fireplaces and Stoves Market - Porter's Five Forces |
3.5 Latvia Fireplaces and Stoves Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Fireplaces and Stoves Market Revenues & Volume Share, By Fuel Source, 2021 & 2031F |
3.7 Latvia Fireplaces and Stoves Market Revenues & Volume Share, By Fixture Type, 2021 & 2031F |
3.8 Latvia Fireplaces and Stoves Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.9 Latvia Fireplaces and Stoves Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Fireplaces and Stoves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer interest in home improvement and interior design |
4.2.2 Increasing focus on energy efficiency and sustainability |
4.2.3 Rising disposable income and improving living standards in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Regulatory changes and environmental concerns impacting product design and manufacturing |
4.3.3 Competition from alternative heating solutions like electric heaters and heat pumps |
5 Latvia Fireplaces and Stoves Market Trends |
6 Latvia Fireplaces and Stoves Market Segmentations |
6.1 Latvia Fireplaces and Stoves Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Fireplaces and Stoves Market Revenues & Volume, By Fireplaces, 2021-2031F |
6.1.3 Latvia Fireplaces and Stoves Market Revenues & Volume, By Stoves, 2021-2031F |
6.2 Latvia Fireplaces and Stoves Market, By Fuel Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Fireplaces and Stoves Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Latvia Fireplaces and Stoves Market Revenues & Volume, By Gas, 2021-2031F |
6.2.4 Latvia Fireplaces and Stoves Market Revenues & Volume, By Wood, 2021-2031F |
6.2.5 Latvia Fireplaces and Stoves Market Revenues & Volume, By Pellet, 2021-2031F |
6.2.6 Latvia Fireplaces and Stoves Market Revenues & Volume, By Liquid fuel, 2021-2031F |
6.2.7 Latvia Fireplaces and Stoves Market Revenues & Volume, By Multi fuel, 2021-2031F |
6.3 Latvia Fireplaces and Stoves Market, By Fixture Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Fireplaces and Stoves Market Revenues & Volume, By Wall mounted, 2021-2031F |
6.3.3 Latvia Fireplaces and Stoves Market Revenues & Volume, By Inserted, 2021-2031F |
6.3.4 Latvia Fireplaces and Stoves Market Revenues & Volume, By Free Standing, 2021-2031F |
6.4 Latvia Fireplaces and Stoves Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Latvia Fireplaces and Stoves Market Revenues & Volume, By Indoor, 2021-2031F |
6.4.3 Latvia Fireplaces and Stoves Market Revenues & Volume, By Outdoor, 2021-2031F |
6.5 Latvia Fireplaces and Stoves Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Latvia Fireplaces and Stoves Market Revenues & Volume, By Online, 2021-2031F |
6.5.3 Latvia Fireplaces and Stoves Market Revenues & Volume, By Offline, 2021-2031F |
7 Latvia Fireplaces and Stoves Market Import-Export Trade Statistics |
7.1 Latvia Fireplaces and Stoves Market Export to Major Countries |
7.2 Latvia Fireplaces and Stoves Market Imports from Major Countries |
8 Latvia Fireplaces and Stoves Market Key Performance Indicators |
8.1 Energy efficiency rating of fireplaces and stoves |
8.2 Number of new product innovations and designs introduced to the market |
8.3 Consumer sentiment towards eco-friendly heating solutions |
8.4 Adoption rate of smart and connected fireplace/stove technologies |
8.5 Number of households investing in fireplace/stove installations for aesthetic appeal |
9 Latvia Fireplaces and Stoves Market - Opportunity Assessment |
9.1 Latvia Fireplaces and Stoves Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Fireplaces and Stoves Market Opportunity Assessment, By Fuel Source, 2021 & 2031F |
9.3 Latvia Fireplaces and Stoves Market Opportunity Assessment, By Fixture Type, 2021 & 2031F |
9.4 Latvia Fireplaces and Stoves Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.5 Latvia Fireplaces and Stoves Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Fireplaces and Stoves Market - Competitive Landscape |
10.1 Latvia Fireplaces and Stoves Market Revenue Share, By Companies, 2024 |
10.2 Latvia Fireplaces and Stoves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |