Key Market Indicators
Latvian Home Goods Expenditure is projected to hit €1,140 million by 2028, climbing from its 2023 figure of €970 million. This marks a steady annual growth rate of 2.5%. Since the turn of the century, demand for home goods in Latvia has surged by an average of 8.4% annually. In 2023, Latvia held the 29th spot on the global ranking, just behind Bosnia and Herzegovina, which also reported expenditures of €970 million. Leading the European market, Italy, the United Kingdom, and France secured the second, third, and fourth positions, respectively.
