Wooden kitchen furniture market in Latvia

Earlier Report Observations

The Latvian wooden kitchen furniture market expanded from 2018 to 2019, driven by the growth of e-commerce which broadened sales channels and by major furniture and design exhibitions in Kipsala that introduced new collections and stimulated demand. Market volume reached 11 810 thousand US dollars in 2019, up from 10 547 thousand in 2018.

In 2020, market volume contracted to 8 827 thousand US dollars, but recovered to 9 397 thousand in 2021. A sharp rebound followed in 2022, with the market surging to 13 559 thousand US dollars. During this period, the industry faced headwinds including geopolitical tensions, higher credit rates, and reduced construction activity, prompting major players like Stora Enso to restructure operations.

From 2023 onward, the market continued to evolve with sustained e-commerce growth, inflation-driven consumer focus on value, and the rise of virtual shopping tools. Key industry events such as the Riga Furniture & Interior exhibition and the launch of a novel wooden furniture nursery in South Kurzeme supported innovation, while the trend toward custom-built kitchens and handmade sustainable furniture gained momentum.

Production wooden kitchen furniture in Latvia

In value, 2018-2021, K $ US

Latvia's wooden kitchen furniture production declined after two years of growth. In 2021, output was valued at 12 753 thousand US dollars, marking a 4.5% decrease compared to the previous year. Between 2018 and 2021, production increased by 4.9%, which translates to an annualized growth rate of 1.6%. The highest production value was recorded in 2020 at 13 352 thousand US dollars, with the largest annual increase of 9.3% also occurring that year.

Annual dynamics of production in Latvia in value, 2018-2021, K $ US

Exports wooden kitchen furniture from Latvia

Exports in kind, t

Latvia's wooden kitchen furniture export volume increased for the third consecutive year. In 2021, exports totaled 2 203 tonnes, representing a significant 13.6% year-over-year uptick. From 2018 to 2021, exports grew by 102.2%, equating to an annualized rate of 26.4%.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, t

Between 2018 and 2021, Estonia, France, and Denmark were the primary buyers of wooden kitchen furniture from Latvia in terms of volume. Estonia accounted for 51.0% of exports, France for 17.7%, and Denmark for 8.5%. Together, these three countries represented 77.2% of Latvia's total wooden kitchen furniture exports by volume.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Latvia in kind, 2018-2021

Exports in value, K $ US

After two years of growth, Latvia's wooden kitchen furniture exports declined. In 2021, export value stood at 9 490 thousand US dollars, down 16.5% from the previous year. Over the period from 2018 to 2021, exports increased by 48%, with a compound annual growth rate of 14.0%. The peak export value was recorded in 2020 at 11 365 thousand US dollars, with the largest annual increase of 64.9% also occurring that year.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

From 2018 to 2021, Denmark, Estonia, and Russia were the top buyers of wooden kitchen furniture from Latvia in value terms. Denmark accounted for 28.7% of exports, Estonia for 22.2%, and Russia for 15.2%. Combined, these three countries represented 66.1% of Latvia's total wooden kitchen furniture export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Latvia in value, 2018-2021

Imports wooden kitchen furniture to Latvia

Imports in kind, t

After two years of growth, Latvia's wooden kitchen furniture imports declined. In 2021, imports totaled 4 532 tonnes, showing a modest 10.0% decrease compared to the previous year. Between 2018 and 2021, imports increased by 60.1%, equating to an annualized growth rate of 17.0%. The highest import volume was recorded in 2020 at 5 036 tonnes, while the largest annual increase of 44.9% occurred in 2019.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, t

Between 2018 and 2021, Poland, Lithuania, and Ukraine were the primary suppliers of wooden kitchen furniture to Latvia in terms of volume. Poland accounted for 30.5% of imports, Lithuania for 28.1%, and Ukraine for 27.8%. Together, these three countries represented 86.3% of Latvia's total wooden kitchen furniture imports by volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Latvia in kind, 2018-2021

Imports in value, K $ US

After two years of increase, Latvia's imports of foreign wooden kitchen furniture declined. In 2021, imports reached 6 134 thousand US dollars, equivalent to a 10.3% reduction compared to the previous year. Over the period from 2018 to 2021, imports grew by 27.7%, with a compound annual growth rate of 8.5%. The peak import value was recorded in 2020 at 6 840 thousand US dollars, while the largest annual increase of 35.0% occurred in 2019.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

From 2018 to 2021, the leading sources of wooden kitchen furniture imports to Latvia in value terms were Poland, Lithuania, and Ukraine. Poland accounted for 28.9% of imports, Lithuania for 23.4%, and Ukraine for 17.4%. Combined, these three countries represented 69.8% of Latvia's total wooden kitchen furniture import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Latvia in value, 2018-2021