Key Market Indicators
Latvia's toy and game industry is projected to witness steady growth, with revenue expected to climb to approximately €9.9 million by 2028. This marks an increase from the €8.8 million anticipated in 2023, reflecting a compound annual growth rate (CAGR) of 1.7%. Since 2013, the Latvian market has shown a significant upward trend, growing by 8.3% annually. In 2023, Latvia ranked 21st in the European toy and game revenue standings. Lithuania slightly outpaced Latvia, matching its €8.8 million revenue mark. Leading the rankings, the Czech Republic, the United Kingdom, and Spain secured the second, third, and fourth positions respectively, showcasing robust performances in the sector.
