The market for sporting equipment, swimming, and paddling pools in Latvia saw a decrease in value from $26.059 million in 2013 to $17.523 million in 2023. The market fluctuated with significant declines, notably between 2015 and 2017, when it decreased by over 30%. The compound annual growth rate (CAGR) over the last five years was negative, highlighting a consistent drift downward. Despite a slight increase in 2021, the market returned to its decreasing trend.
Future trends to watch for:
- Changes in consumer preferences and increased demand for sustainable products.
- Potential upturns due to post-pandemic outdoor activities and fitness trends.
- Technological advancements and their influence on product innovation.
How does Latvia rank in Sporting Equipments, Swimming and Paddling Pools Market Size Value?
| # | 32 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,751,000,000 | 2023 | +1.07% | +1.2% | View data |
| 2 | 2 China | 6,454,300,000 | 2023 | +3.53% | +3.39% | View data |
| 3 | 3 Canada | 1,624,000,000 | 2023 | -0.057% | -0.18% | View data |
| 4 | 4 France | 1,384,100,000 | 2023 | -0.27% | -0.71% | View data |
| 5 | 5 Germany | 1,298,000,000 | 2023 | +1.4% | +1.46% | View data |
| 27 | 27 Slovakia | 42,448,000 | 2023 | -0.35% | +0.31% | View data |
| 28 | 28 Morocco | 36,292,000 | 2023 | +3.04% | +2.88% | View data |
| 29 | 29 Latvia | 17,523,000 | 2023 | -2.41% | -3.31% | |
| 30 | 30 Botswana | 2,104,500 | 2023 | -0.4% | -1.42% | View data |
| 31 | 31 Madagascar | 1,070,600 | 2023 | +0.88% | +0.73% | View data |
