{ "id": "market_hub/lv_furniture", "slug": "latvia-furniture-market-hub", "title": "Latvia Furniture Market Hub", "description": "Country market hub for the Latvia furniture market, built from Furnilytics indicator pages and reusable supplemental market calculations.", "country": { "name": "Latvia", "geo": "LV", "role": "export-oriented Baltic furniture production market" }, "market": { "name": "Furniture", "scope": "Furniture retail, production, consumption, exports, producer-price and demand context" }, "generated_at": "2026-07-20T13:43:06.774432+00:00", "market_data_updated_at": "2026-07-20", "refresh_frequency": "monthly", "page": { "canonical_path": "/market/latvia-furniture-market-hub/", "left_navigation": true, "source_reference_style": "numeric_notes", "draft_slug": "latvia-furniture-market-hub", "meta_title": "Latvia Furniture Market Hub | Furnilytics", "meta_description": "Monthly Latvia furniture market hub with consumer demand, retail turnover, production, exports, producer prices, housing, confidence and product-search indicators.", "tags": [ "market-hubs", "#market-hubs", "#mi-markets", "#mi-latvia" ] }, "source_references": [ { "ref": 1, "key": "consumer_market_size", "title": "Latvia Furniture Consumer Market Size", "url": "/indicators/retail/market-size/latvia-furniture-consumer-market-size/", "path": "docs/latvia-furniture-consumer-market-size.json", "role": "Market size", "last_refresh": "2026-07-13" }, { "ref": 2, "key": "retail_turnover", "title": "Latvia Furniture Retail Market Size", "url": "/indicators/retail/market-size/latvia-furniture-retail-turnover/", "path": "docs/latvia-furniture-retail-turnover-yearly.json", "role": "Retail", "last_refresh": "2026-06-22" }, { "ref": 3, "key": "production_turnover", "title": "Latvia Furniture Production Market Size", "url": "/indicators/industry/market-size/latvia-furniture-production-turnover/", "path": "docs/latvia-furniture-production-turnover.json", "role": "Industry", "last_refresh": "2026-07-13" }, { "ref": 4, "key": "producer_price", "title": "Latvia Furniture Producer Price Index", "url": "/indicators/industry/indexes/latvia-furniture-producer-price-index/", "path": "docs/latvia-furniture-producer-price-index.json", "role": "Price pressure", "last_refresh": "2026-07-06" }, { "ref": 5, "key": "particleboard_price", "title": "Latvia Particleboard Price", "url": "/indicators/other/materials/latvia-particleboard-price/", "path": "docs/particleboard_price_lv.json", "role": "Material costs", "last_refresh": "2026-07-20" }, { "ref": 6, "key": "exports_yearly", "title": "Latvia Furniture Exports by Year", "url": "/indicators/industry/trade/latvia-furniture-exports/", "path": "docs/industry-latvia-furniture-exports-yearly.json", "role": "Exports", "last_refresh": "2026-07-06" }, { "ref": 7, "key": "exports_by_country", "title": "Latvia Furniture Exports by Country", "url": "/indicators/industry/trade/latvia-furniture-exports-by-country/", "path": "docs/industry-latvia-furniture-exports-by-country.json", "role": "Exports", "last_refresh": "2026-07-06" }, { "ref": 8, "key": "housing_market_activity", "title": "Latvia Housing Market Activity", "url": "/indicators/macroeconomics/housing/latvia-housing-market-activity/", "path": "docs/housing_market_lv.json", "role": "Macroeconomics", "last_refresh": "2026-07-13" }, { "ref": 9, "key": "consumer_confidence", "title": "Latvia Consumer Confidence", "url": "/indicators/macroeconomics/consumer-sentiment/latvia-consumer-confidence/", "path": "docs/consumer_confidence_lv.json", "role": "Macroeconomics", "last_refresh": "2026-07-13" }, { "ref": 10, "key": "product_search", "title": "Latvia Furniture Product Search Trend", "url": "/indicators/retail/online/latvia-furniture-products-search-trend/", "path": "docs/web_search_trends_product_lv.json", "role": "Retail demand context", "last_refresh": "2026-07-07" } ], "summary": { "headline": "Latvia Furniture Market Hub tracks a Baltic furniture market where wood-based manufacturing, specialist retail turnover and export demand are central to the market story. Use this Latvia furniture market dashboard to follow consumer market size, retail sales, production, producer prices, particleboard costs, exports, housing activity, confidence and furniture-search interest.", "context": "For analysts, suppliers and manufacturers, Latvia should be read as a small domestic demand market with a meaningful export-oriented production base connected to Nordic, Baltic and Central European furniture buyers.", "purpose": "Use this hub to compare Latvian domestic demand with production, input-cost pressure and export exposure, and to assess whether market movement is led by households, manufacturers or foreign buyer demand." }, "key_measurements": [ { "id": "consumer_market_size", "label": "Consumer market size", "section": "market_size", "indicator_key": "consumer_market_size", "indicator_ref": 1, "period": "2025", "value": 290.3, "unit": "EUR million", "previous_period": "2024", "previous_value": 275.5, "change_abs": 14.8, "change_pct": 5.37, "status": "Expanding", "context": "+5.4% annual change" }, { "id": "retail_turnover", "label": "Retail market size", "section": "retail", "indicator_key": "retail_turnover", "indicator_ref": 2, "period": "2025", "value": 166.8, "unit": "EUR million", "previous_period": "2024", "previous_value": 158.3, "change_abs": 8.5, "change_pct": 5.37, "short_term_yoy_pct": 8.7, "context": "+8.7% six-month YoY", "status": "Recovering" }, { "id": "production_turnover", "label": "Production market size", "section": "industry", "indicator_key": "production_turnover", "indicator_ref": 3, "period": "2025", "value": 425.5, "unit": "EUR million", "previous_period": "2024", "previous_value": 397.6, "change_abs": 27.9, "change_pct": 7.02, "short_term_yoy_pct": 11.43, "status": "Recovering", "context": "+11.4% six-month YoY" }, { "id": "producer_price", "label": "Producer price index", "section": "industry", "indicator_key": "producer_price", "indicator_ref": 4, "period": "2026-05-01", "value": 118.1, "unit": "Index [2021=100]", "previous_period": "2026-04-01", "previous_value": 118.5, "change_abs": -0.4, "change_pct": -0.34, "yoy_pct": 1.5, "previous_year_value": 116.3, "previous_year_date": "2025-05", "short_term_yoy_pct": 1.51, "status": "Moderate pressure", "context": "+1.5 pp six-month YoY" }, { "id": "particleboard_price", "label": "Particleboard price", "section": "industry", "indicator_key": "particleboard_price", "indicator_ref": 5, "period": "2026-05-01", "value": null, "unit": "Price [EUR/m3]", "previous_period": "2026-04-01", "previous_value": null, "change_abs": null, "change_pct": null, "short_term_yoy_pct": 11.42, "context": "27.8% below 2022 peak" }, { "id": "exports_yearly", "label": "Furniture exports", "section": "supply_chain", "indicator_key": "exports_yearly", "indicator_ref": 6, "period": "2025", "value": 273.9, "unit": "EUR million", "previous_period": "2024", "previous_value": 244.2, "change_abs": 29.7, "change_pct": 12.16, "export_recent_change_pct": 12.16, "status": "Export growth", "context": "+12.2% latest export change" }, { "id": "export_to_production_ratio", "label": "Export exposure", "section": "supply_chain", "indicator_key": "exports_yearly", "indicator_ref": 6, "period": "2025", "value": 64.4, "unit": "Export share [%]", "derived_from": [ "exports_yearly", "production_turnover" ], "derived_from_refs": [ 6, 3 ], "note": "Derived as annual export value divided by production turnover.", "status": "High export exposure", "context": "exports relative to production turnover" }, { "id": "housing_market_activity", "label": "Housing market activity", "section": "macroeconomics", "indicator_key": "housing_market_activity", "indicator_ref": 8, "period": "2026-05-01", "value": 137.8, "unit": "Index [2019=100]", "previous_period": "2026-04-01", "previous_value": 145.3, "change_abs": -7.45, "change_pct": -5.13, "short_term_yoy_pct": -22.02, "status": "Elevated; strong contraction", "context": "+38 pts vs 2019" }, { "id": "consumer_confidence", "label": "Consumer confidence", "section": "macroeconomics", "indicator_key": "consumer_confidence", "indicator_ref": 9, "period": "2026-06-01", "value": -18.8, "unit": "Balance [PP]", "previous_period": "2026-05-01", "previous_value": -15.9, "change_abs": -2.9, "change_pct": -18.24, "short_term_yoy_pct": 2.94, "short_term_change_abs": 0.42, "status": "Weakening", "context": "-2.9 pp recent change" }, { "id": "product_search", "label": "Product search trend", "section": "retail", "indicator_key": "product_search", "indicator_ref": 10, "period": "2026-04-01", "value": 96.4, "unit": "Index", "previous_period": "2026-03-01", "previous_value": 106.0, "change_abs": -9.59, "change_pct": -9.05, "short_term_yoy_pct": 0.62, "status": "Softening", "context": "31.2% below 2021 peak" } ], "page_content": { "intro": [ "Latvia Furniture Market Hub tracks a Baltic furniture market where wood-based manufacturing, specialist retail turnover and export demand are central to the market story. Use this Latvia furniture market dashboard to follow consumer market size, retail sales, production, producer prices, particleboard costs, exports, housing activity, confidence and furniture-search interest.", "For analysts, suppliers and manufacturers, Latvia should be read as a small domestic demand market with a meaningful export-oriented production base connected to Nordic, Baltic and Central European furniture buyers.", "Use this hub to compare Latvian domestic demand with production, input-cost pressure and export exposure, and to assess whether market movement is led by households, manufacturers or foreign buyer demand." ], "market_snapshot": [ "Latvia's furniture market positions itself as a compact Baltic hub with a strong export-oriented production base, primarily catering to Nordic, Baltic, and Central European buyers. The consumer market is expanding, supported by a notable retail turnover recovery, which reflects a growing appetite for furniture despite underlying consumer confidence challenges. This suggests that while domestic demand is improving, it is still influenced by external market dynamics and consumer sentiment [1]. Retail 6-month momentum is +8.7% year over year, supporting a positive near-term demand read. [2]", "The production sector is also on an upward trajectory, indicating robust manufacturing capabilities that align with export growth. However, the housing market activity, while elevated, shows signs of contraction compared to pre-2019 levels, which could pose a demand headwind. Additionally, the high export exposure relative to production turnover underscores Latvia's reliance on international markets, further complicating the outlook amid fluctuating consumer confidence [5]. The latest export trend is +12.2%, which frames the external demand signal for producers. [6]" ], "key_findings": [ "Latvia is a compact Baltic furniture market with export-oriented production exposure. Consumer market size is 290 million euro [1], while the specialist furniture retail market is 167 million euro [2]. The market's current position is best described as expanding with +5.4% annual change.", "Retail demand, production and price pressure need to be read together. Retail is recovering, with +8.7% six-month YoY, while production is recovering at 426 million euro [3], with +11.4% six-month YoY.", "Export exposure is also material at 64.4% [6], with exports relative to production turnover. The macro backdrop is elevated; strong contraction, with housing activity at 137.8 index points [8], +38 pts vs 2019. Overall, the market structure links foreign demand, manufacturing pressure and domestic retail momentum." ], "sections": [ { "section_id": "market_size", "title": "Market Size & Consumption", "paragraphs": [ "The consumer market size for furniture in Latvia is currently expanding, currently set to reach 290 million euro by 2025, reflecting a +5.4% annual change [1]. This growth indicates a robust demand environment, which is essential for both local production and retail sectors. The upward trajectory in consumer spending suggests a strengthening of the domestic market, providing opportunities for furniture producers to enhance their offerings and capture greater market share.", "In terms of retail dynamics, Latvia's furniture market has shown significant year-on-year growth, with a reported increase of 14.1% in one recent period [2]. This momentum in retail performance underscores the potential for sustained consumption levels, which can positively impact production capacities and supply chain efficiencies. The combination of rising consumer expenditure and retail growth positions Latvia as a competitive player in the Baltic furniture production market." ], "indicator_refs": [ 1 ] }, { "section_id": "retail", "title": "Retail & Demand", "paragraphs": [ "The Latvian furniture retail market is currently valued at 167 million euro, indicating a recovering trend with an 8.7% increase year-on-year over the past six months [2]. This recovery suggests a positive shift in consumer demand, although the market remains 31.2% below its peak product search index of 140.5 points reached in 2021, reflecting ongoing softening in consumer interest [10].", "Retailer market shares indicate a competitive landscape, with recent data showing a year-on-year growth of 14.1% and 8.4% for different segments within the market [2]. This growth amidst a backdrop of softening product search trends highlights a potential divergence between retail performance and consumer engagement, suggesting that while sales may be recovering, underlying demand dynamics could still pose challenges for sustained growth." ], "indicator_refs": [ 2, 10 ] }, { "section_id": "industry", "title": "Industry & Production", "paragraphs": [ "Latvia's furniture production market is currently recovering, with a production turnover of 426 million euro, reflecting an 11.4% increase year-on-year over the past six months [3]. This recovery indicates a positive momentum in demand, which is crucial for sustaining retail and production activities within the sector. The upward trend in production turnover suggests that Latvian manufacturers are effectively responding to both domestic and export market needs, positioning the country as a vital player in the Baltic furniture production landscape.", "The producer price index stands at 118.1 index points, indicating moderate pressure with a 1.5 percentage point increase year-on-year over the last six months [4]. This pressure on producer prices may influence profit margins for manufacturers, potentially impacting their pricing strategies in the retail market. Additionally, the particleboard price remains significantly below its 2022 peak, which could provide some relief to producers in terms of raw material costs, thereby supporting the overall production capacity and export competitiveness of Latvia's furniture industry [5]." ], "indicator_refs": [ 3, 4, 5 ] }, { "section_id": "supply_chain", "title": "Trade & Competitiveness", "paragraphs": [ "Latvia's furniture market is characterized by a robust export orientation, with furniture exports reaching 274 million euro, reflecting a growth rate of 12.2% [6]. This high export exposure, at 64.4% of production turnover, indicates a significant reliance on international markets, which shapes the demand dynamics within the domestic retail sector. The concentration of exports towards key partners, particularly Denmark (29.25%) and Lithuania (9.63%) [7], underscores the strategic importance of these relationships in sustaining Latvia's production and economic stability.", "The current export growth trajectory suggests a favorable environment for Latvian furniture producers, potentially leading to increased production capacities and investment in innovation. However, the reliance on a limited number of export destinations may pose risks if demand shifts in these markets. The ongoing demand for Latvian furniture in the international arena is crucial for maintaining competitive pricing and ensuring the sustainability of the local production ecosystem [6]." ], "indicator_refs": [ 6, 7, 3 ] }, { "section_id": "macroeconomics", "title": "Macroeconomics", "paragraphs": [ "Latvia's furniture market is currently experiencing elevated housing market activity, with an index value of 137.8 points, reflecting a strong contraction compared to previous years, specifically a rise of 38 points since 2019 [8]. This contraction may indicate a cooling demand for furniture as housing market dynamics shift, impacting retail and production levels within the sector. The export-oriented nature of Latvia's furniture production market may face pressures as domestic consumption trends evolve.", "Consumer confidence in Latvia has weakened, currently sitting at -18.8 points, which represents a recent decline of 2.9 percentage points [9]. This weakening sentiment could further dampen demand for furniture, as consumers may prioritize essential expenditures over discretionary items. The interplay between declining consumer confidence and elevated housing market activity suggests a complex landscape for furniture producers and retailers, necessitating strategic adjustments to align with changing market conditions." ], "indicator_refs": [ 8, 9 ] } ], "methodology_note": "This market hub combines multiple Furnilytics indicators into a single country-level furniture market overview. The source layer includes linked indicator pages for demand, specialist retail turnover, production, trade, pricing and macroeconomic context, plus deterministic supplemental calculations where the hub needs comparable market structure metrics. Consumer market size captures household furniture spending, while retail market size captures specialist furniture-store turnover; production and trade metrics describe the industry and supply side. Detailed source notes, definitions, chart payloads, latest-data tables and methodology explanations remain available on the underlying indicator pages listed in the Sources section.", "faq": [ { "question": "What does the Latvia Furniture Market Hub cover?", "answer": "The Latvia Furniture Market Hub brings together the main indicators needed to assess Latvian furniture demand, specialist retail activity, production and export exposure. It covers consumer market size, specialist retail turnover, production, producer prices, trade flows, consumer confidence and online product-search interest, with housing or currency indicators included where they are relevant and available." }, { "question": "What is the difference between Latvia furniture consumer market size and retail market size?", "answer": "Consumer market size captures household furniture spending. Retail market size captures specialist furniture-store turnover, so the scope can differ by product mix and sales channel." }, { "question": "Why is trade important for the Latvia furniture market?", "answer": "Latvia has a compact domestic furniture market and a production base with meaningful foreign buyer exposure. Export value and destination shares help explain the demand channels behind Latvian furniture manufacturing." }, { "question": "How often is the Latvia Furniture Market Hub updated?", "answer": "The Latvia hub is designed to refresh monthly when the underlying indicators and market-hub calculations are updated. Annual market-size and trade measures update when full-year source data becomes available." }, { "question": "Where does the Latvia market data come from?", "answer": "The hub is built from linked Furnilytics indicator pages covering Latvia furniture demand, retail, production, prices, trade and macroeconomic context. Each source page contains the detailed source notes, chart definitions and methodology." }, { "question": "How current is the market hub data?", "answer": "Most monthly indicators in the market hub are generally published with about a three-month reporting lag. Annual market-size indicators can follow a separate source schedule and update when full-year data becomes available." } ], "generation": { "mode": "ai_sectioned", "ai_blocks": [ { "block": "market_snapshot", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:market_size", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:retail", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:industry", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:supply_chain", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:macroeconomics", "model": "gpt-4o-mini", "attempt": 1 } ], "fallback_blocks": [] } }, "sections": [ { "id": "summary", "title": "Summary", "summary": "Key measurements for the Latvia furniture market.", "main_indicator": "", "main_graph": null, "extra_graphs": [], "metric_card_ids": [ "consumer_market_size", "retail_turnover", "production_turnover", "producer_price", "particleboard_price", "exports_yearly", "export_to_production_ratio", "housing_market_activity" ], "supplemental_table_ids": [], "indicator_refs": [ 1, 2, 3, 4, 5, 6, 7, 8 ] }, { "id": "market_size", "title": "Market Size & Consumption", "summary": "Buyer-side furniture demand in Latvia with European peer and per-capita context.", "main_indicator": "consumer_market_size", "main_graph": { "id": "consumer_market_size_main_graph", "indicator_key": "consumer_market_size", "indicator_ref": 1, "title": "Latvia Furniture Consumer Market Size", "chart_type": "bar", "series_type": "single", "x_axis_label": "", "y_axis_label": "EUR million", "legend": false, "data": [ { "x_axis": "2015", "value": 190.8, "value_label": "190.8", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2016", "value": 193.3, "value_label": "193.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2017", "value": 194.6, "value_label": "194.6", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2018", "value": 205.0, "value_label": "205.0", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2019", "value": 201.3, "value_label": "201.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2020", "value": 210.2, "value_label": "210.2", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2021", "value": 256.3, "value_label": "256.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2022", "value": 277.3, "value_label": "277.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2023", "value": 272.2, "value_label": "272.2", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2024", "value": 275.5, "value_label": "275.5", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018" }, { "x_axis": "2025", "value": 290.3, "value_label": "290.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "classification": "COICOP 2018 CP051", "source_method": "retail_turnover_nowcast" } ], "source_url": "/indicators/retail/market-size/latvia-furniture-consumer-market-size/" }, "extra_graphs": [], "metric_card_ids": [ "consumer_market_size" ], "supplemental_table_ids": [ "consumer_market_size_peer_comparison", "consumer_expenditure_per_capita_peer_comparison", "retail_latest_rows" ], "indicator_refs": [ 1 ] }, { "id": "retail", "title": "Retail & Demand", "summary": "Specialist furniture retail turnover, recent retail-market movement and online product-search context.", "main_indicator": "retail_turnover", "main_graph": { "id": "retail_turnover_main_graph", "indicator_key": "retail_turnover", "indicator_ref": 2, "title": "Latvia Furniture Retail Market Size", "chart_type": "bar", "series_type": "single", "x_axis_label": "", "y_axis_label": "EUR million", "legend": false, "data": [ { "x_axis": "2015", "value": 175.1, "value_label": "175.1", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 175.1, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2016", "value": 175.8, "value_label": "175.8", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 175.8, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2017", "value": 181.0, "value_label": "181.0", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 181.0, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2018", "value": 179.0, "value_label": "179.0", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 179.0, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2019", "value": 161.5, "value_label": "161.5", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 161.5, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2020", "value": 152.1, "value_label": "152.1", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 152.1, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2021", "value": 151.9, "value_label": "151.9", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 151.9, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2022", "value": 176.2, "value_label": "176.2", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 176.2, "source_basis": "eurostat_sbs_g4759_benchmark" }, { "x_axis": "2023", "value": 160.9, "value_label": "160.9", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 160.9, "source_basis": "nowcast_from_lv_monthly_home_furnishing_proxy" }, { "x_axis": "2024", "value": 158.3, "value_label": "158.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 158.3, "source_basis": "nowcast_from_lv_monthly_home_furnishing_proxy" }, { "x_axis": "2025", "value": 166.8, "value_label": "166.8", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_eur": 166.8, "source_basis": "nowcast_from_lv_monthly_home_furnishing_proxy" } ], "source_url": "/indicators/retail/market-size/latvia-furniture-retail-turnover/" }, "extra_graphs": [], "metric_card_ids": [ "retail_turnover", "product_search" ], "supplemental_table_ids": [ "retail_latest_rows", "product_search_latest_rows" ], "indicator_refs": [ 2, 10 ] }, { "id": "industry", "title": "Industry & Production", "summary": "Production market size, producer-price pressure and particleboard costs show Latvia manufacturing conditions.", "main_indicator": "production_turnover", "main_graph": { "id": "production_turnover_main_graph", "indicator_key": "production_turnover", "indicator_ref": 3, "title": "Latvia Furniture Production Turnover", "chart_type": "bar", "series_type": "single", "x_axis_label": "", "y_axis_label": "EUR million", "legend": false, "data": [ { "x_axis": "2015", "value": 238.9, "value_label": "238.9", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2016", "value": 244.3, "value_label": "244.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2017", "value": 259.7, "value_label": "259.7", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2018", "value": 287.7, "value_label": "287.7", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2019", "value": 289.3, "value_label": "289.3", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2020", "value": 307.0, "value_label": "307.0", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2021", "value": 435.1, "value_label": "435.1", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2022", "value": 459.8, "value_label": "459.8", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2023", "value": 409.9, "value_label": "409.9", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2024", "value": 397.6, "value_label": "397.6", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" }, { "x_axis": "2025", "value": 425.5, "value_label": "425.5", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "source_basis": "monthly_backbone_annual_sum" } ], "source_url": "/indicators/industry/market-size/latvia-furniture-production-turnover/" }, "extra_graphs": [], "metric_card_ids": [ "production_turnover", "producer_price", "particleboard_price" ], "supplemental_table_ids": [ "production_latest_rows", "ppi_peer_six_month_yoy", "particleboard_latest_rows" ], "indicator_refs": [ 3, 4, 5 ] }, { "id": "supply_chain", "title": "Trade & Competitiveness", "summary": "Export value and destination-market mix show Latvia's international furniture market exposure.", "main_indicator": "exports_by_country", "main_graph": { "id": "exports_by_country_main_graph", "indicator_key": "exports_by_country", "indicator_ref": 7, "title": "Latvia Furniture Exports by Country", "chart_type": "pie", "series_type": "single", "x_axis_label": "", "y_axis_label": "Share of exports", "legend": false, "data": [ { "name": "Denmark", "label": "DK", "value": 0.2925 }, { "name": "Lithuania", "label": "LT", "value": 0.0963 }, { "name": "Germany", "label": "DE", "value": 0.085 }, { "name": "Estonia", "label": "EE", "value": 0.0733 }, { "name": "Sweden", "label": "SE", "value": 0.0703 }, { "name": "United Kingdom", "label": "GB", "value": 0.0607 }, { "name": "France", "label": "FR", "value": 0.0524 }, { "name": "United States", "label": "US", "value": 0.048 }, { "name": "Norway", "label": "NO", "value": 0.0343 }, { "name": "Poland", "label": "PL", "value": 0.0279 }, { "name": "Others", "label": "Others", "value": 0.1593 } ], "source_url": "/indicators/industry/trade/latvia-furniture-exports-by-country/" }, "extra_graphs": [], "metric_card_ids": [ "export_to_production_ratio", "exports_yearly" ], "supplemental_table_ids": [ "exports_monthly_latest_rows", "exports_latest_rows", "export_partner_latest_rows" ], "indicator_refs": [ 6, 7, 3 ] }, { "id": "macroeconomics", "title": "Macroeconomics", "summary": "Housing activity and consumer confidence give a demand backdrop for furniture, kitchens and home-related categories.", "main_indicator": "housing_market_activity", "main_graph": { "id": "housing_market_activity_main_graph", "indicator_key": "housing_market_activity", "indicator_ref": 8, "title": "Latvia Housing Market Activity", "chart_type": "line", "series_type": "single", "x_axis_label": "", "y_axis_label": "Index [2019=100]", "legend": false, "data": [ { "date": "2015-02-01", "geo": "LV", "value": 73.21 }, { "date": "2015-03-01", "geo": "LV", "value": 77.03 }, { "date": "2015-04-01", "geo": "LV", "value": 77.1 }, { "date": "2015-06-01", "geo": "LV", "value": 77.81 }, { "date": "2015-08-01", "geo": "LV", "value": 75.11 }, { "date": "2015-09-01", "geo": "LV", "value": 78.96 }, { "date": "2015-10-01", "geo": "LV", "value": 87.33 }, { "date": "2015-11-01", "geo": "LV", "value": 86.58 }, { "date": "2015-12-01", "geo": "LV", "value": 85.13 }, { "date": "2016-01-01", "geo": "LV", "value": 83.32 }, { "date": "2016-03-01", "geo": "LV", "value": 86.92 }, { "date": "2016-04-01", "geo": "LV", "value": 85.27 }, { "date": "2016-05-01", "geo": "LV", "value": 90.7 }, { "date": "2016-06-01", "geo": "LV", "value": 91.59 }, { "date": "2016-07-01", "geo": "LV", "value": 96.13 }, { "date": "2016-08-01", "geo": "LV", "value": 98.22 }, { "date": "2016-09-01", "geo": "LV", "value": 99.03 }, { "date": "2016-10-01", "geo": "LV", "value": 106.55 }, { "date": "2016-11-01", "geo": "LV", "value": 106.95 }, { "date": "2016-12-01", "geo": "LV", "value": 108.98 }, { "date": "2017-01-01", "geo": "LV", "value": 108.77 }, { "date": "2017-02-01", "geo": "LV", "value": 106.74 }, { "date": "2017-03-01", "geo": "LV", "value": 107.14 }, { "date": "2017-04-01", "geo": "LV", "value": 106.31 }, { "date": "2017-05-01", "geo": "LV", "value": 111.84 }, { "date": "2017-06-01", "geo": "LV", "value": 114.5 }, { "date": "2017-07-01", "geo": "LV", "value": 118.0 }, { "date": "2017-08-01", "geo": "LV", "value": 115.01 }, { "date": "2017-09-01", "geo": "LV", "value": 111.82 }, { "date": "2017-10-01", "geo": "LV", "value": 116.97 }, { "date": "2017-11-01", "geo": "LV", "value": 114.54 }, { "date": "2017-12-01", "geo": "LV", "value": 110.86 }, { "date": "2018-01-01", "geo": "LV", "value": 109.85 }, { "date": "2018-02-01", "geo": "LV", "value": 105.95 }, { "date": "2018-03-01", "geo": "LV", "value": 104.41 }, { "date": "2018-04-01", "geo": "LV", "value": 105.28 }, { "date": "2018-05-01", "geo": "LV", "value": 109.48 }, { "date": "2018-08-01", "geo": "LV", "value": 111.88 }, { "date": "2018-09-01", "geo": "LV", "value": 108.5 }, { "date": "2018-10-01", "geo": "LV", "value": 107.98 }, { "date": "2018-11-01", "geo": "LV", "value": 105.96 }, { "date": "2019-03-01", "geo": "LV", "value": 104.1 }, { "date": "2019-04-01", "geo": "LV", "value": 104.0 }, { "date": "2019-06-01", "geo": "LV", "value": 102.65 }, { "date": "2019-07-01", "geo": "LV", "value": 94.42 }, { "date": "2019-08-01", "geo": "LV", "value": 93.75 }, { "date": "2019-11-01", "geo": "LV", "value": 101.69 }, { "date": "2019-12-01", "geo": "LV", "value": 99.38 }, { "date": "2020-01-01", "geo": "LV", "value": 100.38 }, { "date": "2020-02-01", "geo": "LV", "value": 98.3 }, { "date": "2020-03-01", "geo": "LV", "value": 119.0 }, { "date": "2020-04-01", "geo": "LV", "value": 121.31 }, { "date": "2020-05-01", "geo": "LV", "value": 122.02 }, { "date": "2020-06-01", "geo": "LV", "value": 103.47 }, { "date": "2020-07-01", "geo": "LV", "value": 102.74 }, { "date": "2020-08-01", "geo": "LV", "value": 104.49 }, { "date": "2020-09-01", "geo": "LV", "value": 107.16 }, { "date": "2020-10-01", "geo": "LV", "value": 108.68 }, { "date": "2020-11-01", "geo": "LV", "value": 110.78 }, { "date": "2020-12-01", "geo": "LV", "value": 110.87 }, { "date": "2021-01-01", "geo": "LV", "value": 104.82 }, { "date": "2021-02-01", "geo": "LV", "value": 103.01 }, { "date": "2021-03-01", "geo": "LV", "value": 109.68 }, { "date": "2021-04-01", "geo": "LV", "value": 123.78 }, { "date": "2021-05-01", "geo": "LV", "value": 131.61 }, { "date": "2021-09-01", "geo": "LV", "value": 122.54 }, { "date": "2021-10-01", "geo": "LV", "value": 129.04 }, { "date": "2021-11-01", "geo": "LV", "value": 127.71 }, { "date": "2022-02-01", "geo": "LV", "value": 124.33 }, { "date": "2022-03-01", "geo": "LV", "value": 125.17 }, { "date": "2022-04-01", "geo": "LV", "value": 115.39 }, { "date": "2022-05-01", "geo": "LV", "value": 117.71 }, { "date": "2022-06-01", "geo": "LV", "value": 118.23 }, { "date": "2022-07-01", "geo": "LV", "value": 120.95 }, { "date": "2022-08-01", "geo": "LV", "value": 120.67 }, { "date": "2022-09-01", "geo": "LV", "value": 120.26 }, { "date": "2022-10-01", "geo": "LV", "value": 111.51 }, { "date": "2022-11-01", "geo": "LV", "value": 107.04 }, { "date": "2023-01-01", "geo": "LV", "value": 100.6 }, { "date": "2023-03-01", "geo": "LV", "value": 100.48 }, { "date": "2023-04-01", "geo": "LV", "value": 109.77 }, { "date": "2023-05-01", "geo": "LV", "value": 113.6 }, { "date": "2023-06-01", "geo": "LV", "value": 117.46 }, { "date": "2023-07-01", "geo": "LV", "value": 116.88 }, { "date": "2023-08-01", "geo": "LV", "value": 125.24 }, { "date": "2023-12-01", "geo": "LV", "value": 116.12 }, { "date": "2024-01-01", "geo": "LV", "value": 104.25 }, { "date": "2024-02-01", "geo": "LV", "value": 92.99 }, { "date": "2024-03-01", "geo": "LV", "value": 90.85 }, { "date": "2024-04-01", "geo": "LV", "value": 120.03 }, { "date": "2024-05-01", "geo": "LV", "value": 124.61 }, { "date": "2024-06-01", "geo": "LV", "value": 128.5 }, { "date": "2024-07-01", "geo": "LV", "value": 111.59 }, { "date": "2024-08-01", "geo": "LV", "value": 113.21 }, { "date": "2024-09-01", "geo": "LV", "value": 116.11 }, { "date": "2024-10-01", "geo": "LV", "value": 130.42 }, { "date": "2024-11-01", "geo": "LV", "value": 130.16 }, { "date": "2025-01-01", "geo": "LV", "value": 152.54 }, { "date": "2025-02-01", "geo": "LV", "value": 167.49 }, { "date": "2025-03-01", "geo": "LV", "value": 197.08 }, { "date": "2025-04-01", "geo": "LV", "value": 197.58 }, { "date": "2025-05-01", "geo": "LV", "value": 198.57 }, { "date": "2025-06-01", "geo": "LV", "value": 185.72 }, { "date": "2025-07-01", "geo": "LV", "value": 188.52 }, { "date": "2025-08-01", "geo": "LV", "value": 185.06 }, { "date": "2025-09-01", "geo": "LV", "value": 182.12 }, { "date": "2025-10-01", "geo": "LV", "value": 169.48 }, { "date": "2025-11-01", "geo": "LV", "value": 161.38 }, { "date": "2025-12-01", "geo": "LV", "value": 153.97 }, { "date": "2026-01-01", "geo": "LV", "value": 146.59 }, { "date": "2026-02-01", "geo": "LV", "value": 141.15 }, { "date": "2026-03-01", "geo": "LV", "value": 141.32 }, { "date": "2026-04-01", "geo": "LV", "value": 145.29 }, { "date": "2026-05-01", "geo": "LV", "value": 137.84 } ], "source_url": "/indicators/macroeconomics/housing/latvia-housing-market-activity/" }, "extra_graphs": [], "metric_card_ids": [ "housing_market_activity", "consumer_confidence" ], "supplemental_table_ids": [], "indicator_refs": [ 8, 9 ] } ], "supplemental_tables": [ { "id": "consumer_market_size_peer_comparison", "title": "Consumer market size peer comparison", "summary": "Consumer market size peer comparison", "indicator_key": "consumer_market_size", "indicator_ref": 1, "source_table_id": "consumer_market_size_peer_comparison", "columns": [ "name", "label", "year", "value_local", "value", "cur", "local_currency" ], "rows": [ { "name": "Germany", "label": "DE", "value": 39173.0, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 40579.0, "value_local": null, "cur": null, "local_currency": null }, { "name": "United Kingdom", "label": "UK", "value": 29849.1, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 31344.7, "value_local": 25256.0, "cur": "GBP", "local_currency": "GBP" }, { "name": "Italy", "label": "IT", "value": 26355.0, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 26131.2, "value_local": null, "cur": null, "local_currency": null }, { "name": "France", "label": "FR", "value": 17636.3, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 18469.9, "value_local": null, "cur": null, "local_currency": null }, { "name": "Netherlands", "label": "NL", "value": 11602.0, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 11552.0, "value_local": null, "cur": null, "local_currency": null }, { "name": "Spain", "label": "ES", "value": 10101.0, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 10023.0, "value_local": null, "cur": null, "local_currency": null }, { "name": "Poland", "label": "PL", "value": 5951.6, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 6461.0, "value_local": 25626.1, "cur": "PLN", "local_currency": "PLN" }, { "name": "Austria", "label": "AT", "value": 5804.5, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 6090.5, "value_local": null, "cur": null, "local_currency": null }, { "name": "Belgium", "label": "BE", "value": 5571.3, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 5501.8, "value_local": null, "cur": null, "local_currency": null } ] }, { "id": "consumer_expenditure_per_capita_peer_comparison", "title": "Furniture expenditure per capita peer comparison", "summary": "Furniture expenditure per capita peer comparison", "indicator_key": "consumer_market_size", "indicator_ref": 1, "source_table_id": "consumer_expenditure_per_capita_peer_comparison", "columns": [ "name", "geo", "year", "value_per_capita", "metric_value", "population" ], "rows": [ { "name": "LU", "label": "LU", "geo": "LU", "year": "2024", "value_per_capita": 788.33, "metric_value": 529800000.0, "population": 672050 }, { "name": "Netherlands", "label": "NL", "geo": "NL", "year": "2024", "value_per_capita": 646.61, "metric_value": 11602000000.0, "population": 17942942 }, { "name": "Austria", "label": "AT", "geo": "AT", "year": "2024", "value_per_capita": 633.77, "metric_value": 5804500000.0, "population": 9158750 }, { "name": "Denmark", "label": "DK", "geo": "DK", "year": "2024", "value_per_capita": 569.44, "metric_value": 3394600000.0, "population": 5961249 }, { "name": "Norway", "label": "NO", "geo": "NO", "year": "2024", "value_per_capita": 537.31, "metric_value": 2982200000.0, "population": 5550203 }, { "name": "Belgium", "label": "BE", "geo": "BE", "year": "2024", "value_per_capita": 471.46, "metric_value": 5571300000.0, "population": 11817096 }, { "name": "Germany", "label": "DE", "geo": "DE", "year": "2024", "value_per_capita": 469.38, "metric_value": 39173000000.0, "population": 83456045 }, { "name": "Italy", "label": "IT", "geo": "IT", "year": "2024", "value_per_capita": 446.91, "metric_value": 26355000000.0, "population": 58971230 }, { "name": "Switzerland", "label": "CH", "geo": "CH", "year": "2024", "value_per_capita": 437.88, "metric_value": 3924400000.0, "population": 8962258 }, { "name": "Ireland", "label": "IE", "geo": "IE", "year": "2024", "value_per_capita": 405.76, "metric_value": 2171500000.0, "population": 5351681 } ] }, { "id": "production_latest_rows", "title": "Production turnover latest six monthly YoY readings", "summary": "Latest six monthly YoY readings", "indicator_key": "production_turnover", "indicator_ref": 3, "source_table_id": "latest_six_monthly_yoy", "columns": [ "date", "value", "yoy_pct" ], "rows": [ { "date": "2025-12-01", "geo": "LV", "value_nominal": 30843289.460210726, "value_real": 26333563.88161388, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "country_count": null, "observed_country_count": null, "nowcast_country_count": null, 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"geo": "LV", "value_nominal": 36667773.30677412, "value_real": 31306425.73050234, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "country_count": null, "observed_country_count": null, "nowcast_country_count": null, "observed_value_share": null, "included_countries": null, "observed_countries": null, "nowcast_countries": null, "is_nowcast": null, "is_preliminary": null, "aggregation_method": null, "coverage_rule": null, "source_basis": null, "value": 36667773.30677412, "yoy_pct": 11.1, "previous_year_value": 33018985.3, "previous_year_date": "2025-02" }, { "date": "2026-03-01", "geo": "LV", "value_nominal": 38895966.48614901, "value_real": 33039392.738448318, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "country_count": null, "observed_country_count": null, "nowcast_country_count": null, "observed_value_share": null, "included_countries": null, "observed_countries": null, "nowcast_countries": null, "is_nowcast": null, "is_preliminary": null, "aggregation_method": null, "coverage_rule": null, "source_basis": null, "value": 38895966.48614901, "yoy_pct": 22.1, "previous_year_value": 31859443.9, "previous_year_date": "2025-03" }, { "date": "2026-04-01", "geo": "LV", "value_nominal": 36378133.08441201, "value_real": 30665981.401478834, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "country_count": null, "observed_country_count": null, "nowcast_country_count": null, "observed_value_share": null, "included_countries": null, "observed_countries": null, "nowcast_countries": null, "is_nowcast": null, "is_preliminary": null, "aggregation_method": null, "coverage_rule": null, "source_basis": null, "value": 36378133.08441201, "yoy_pct": 11.2, "previous_year_value": 32704454.2, "previous_year_date": "2025-04" }, { "date": "2026-05-01", "geo": "LV", "value_nominal": 33716573.265041895, "value_real": 28518609.23945881, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "country_count": null, "observed_country_count": null, "nowcast_country_count": null, "observed_value_share": null, "included_countries": null, "observed_countries": null, "nowcast_countries": null, "is_nowcast": null, "is_preliminary": null, "aggregation_method": null, "coverage_rule": null, "source_basis": null, "value": 33716573.265041895, "yoy_pct": 7.4, "previous_year_value": 31404392.0, "previous_year_date": "2025-05" } ] }, { "id": "ppi_peer_six_month_yoy", "title": "Producer price six-month YoY peer comparison", "summary": "Latest six-month producer-price YoY peer comparison", "indicator_key": "producer_price", "indicator_ref": 4, "source_table_id": "ppi_peer_six_month_yoy", "columns": [ "name", "geo", "period_start", "period_end", "value", "previous_year_value", "yoy_pct" ], "rows": [ { "name": "Czechia", "label": "CZ", "geo": "CZ", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 120.4, "previous_year_value": 109.7, "yoy_pct": 9.8 }, { "name": "Bulgaria", "label": "BG", "geo": "BG", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 135.3, "previous_year_value": 123.8, "yoy_pct": 9.3 }, { "name": "Ukraine", "label": "UA", "geo": "UA", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 147.2, "previous_year_value": 138.3, "yoy_pct": 6.4 }, { "name": "Belgium", "label": "BE", "geo": "BE", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 130.6, "previous_year_value": 123.5, "yoy_pct": 5.7 }, { "name": "Norway", "label": "NO", "geo": "NO", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 127.2, "previous_year_value": 121.1, "yoy_pct": 5.0 }, { "name": "Romania", "label": "RO", "geo": "RO", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 131.0, "previous_year_value": 125.5, "yoy_pct": 4.4 }, { "name": "Hungary", "label": "HU", "geo": "HU", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 142.8, "previous_year_value": 137.5, "yoy_pct": 3.9 }, { "name": "Greece", "label": "GR", "geo": "GR", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 109.7, "previous_year_value": 105.9, "yoy_pct": 3.6 }, { "name": "Netherlands", "label": "NL", "geo": "NL", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 128.0, "previous_year_value": 123.7, "yoy_pct": 3.5 }, { "name": "Austria", "label": "AT", "geo": "AT", "period_start": "2024-03", "period_end": "2024-08", "months_count": 6, "value": 115.5, "previous_year_value": 112.5, "yoy_pct": 2.6 } ] }, { "id": "retail_latest_rows", "title": "Retail turnover latest six monthly YoY readings", "summary": "Latest six monthly YoY readings", "indicator_key": "retail_turnover", "indicator_ref": 2, "source_table_id": "latest_six_monthly_yoy", "columns": [ "date", "value", "yoy_pct" ], "rows": [ { "date": "2025-11-01", "geo": "LV", "value": 16.362, "value_local": 16.362, "value_eur": 16.362, "cur": "EUR", "local_currency": "EUR", "source_dataset_id": "retail/market_size/lv_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 14.1, "previous_year_value": 14.3, "previous_year_date": "2024-11" }, { "date": "2025-12-01", "geo": "LV", "value": 18.709, "value_local": 18.709, "value_eur": 18.709, "cur": "EUR", "local_currency": "EUR", "source_dataset_id": "retail/market_size/lv_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 8.4, "previous_year_value": 17.3, "previous_year_date": "2024-12" }, { "date": "2026-01-01", "geo": "LV", "value": 13.214, "value_local": 13.214, "value_eur": 13.214, "cur": "EUR", "local_currency": "EUR", "source_dataset_id": "retail/market_size/lv_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 8.4, "previous_year_value": 12.2, "previous_year_date": "2025-01" }, { "date": "2026-02-01", "geo": "LV", "value": 11.505, "value_local": 11.505, "value_eur": 11.505, "cur": "EUR", "local_currency": "EUR", "source_dataset_id": "retail/market_size/lv_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 9.7, "previous_year_value": 10.5, "previous_year_date": "2025-02" }, { "date": "2026-03-01", "geo": "LV", "value": 13.582, "value_local": 13.582, "value_eur": 13.582, "cur": "EUR", "local_currency": "EUR", "source_dataset_id": "retail/market_size/lv_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 8.8, "previous_year_value": 12.5, "previous_year_date": "2025-03" }, { "date": "2026-04-01", "geo": "LV", "value": 13.373, "value_local": 13.373, "value_eur": 13.373, "cur": "EUR", "local_currency": "EUR", "source_dataset_id": "retail/market_size/lv_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 3.2, "previous_year_value": 13.0, "previous_year_date": "2025-04" } ] }, { "id": "product_search_latest_rows", "title": "Product search trend latest months", "summary": "", "indicator_key": "product_search", "indicator_ref": 10, "columns": [ "date", "value" ], "rows": [ { "date": "2025-11-01", "value": 133.85352241919284, "geo": "lv" }, { "date": "2025-12-01", "value": 109.11244183910512, "geo": "lv" }, { "date": "2026-01-01", "value": 113.74254809564368, "geo": "lv" }, { "date": "2026-02-01", "value": 107.88664590315418, "geo": "lv" }, { "date": "2026-03-01", "value": 105.97635476377326, "geo": "lv" }, { "date": "2026-04-01", "value": 96.38229186144815, "geo": "lv" } ] }, { "id": "particleboard_latest_rows", "title": "Particleboard price latest months", "summary": "", "indicator_key": "particleboard_price", "indicator_ref": 5, "columns": [ "date", "value_eur" ], "rows": [ { "date": "2025-12-01", "geo": "LV", "value": 198.1, "cur": null, "local_currency": null, "value_local": null }, { "date": "2026-01-01", "geo": "LV", "value": 202.2, "cur": null, "local_currency": null, "value_local": null }, { "date": "2026-02-01", "geo": "LV", "value": 205.8, "cur": null, "local_currency": null, "value_local": null }, { "date": "2026-03-01", "geo": "LV", "value": 210.7, "cur": null, "local_currency": null, "value_local": null }, { "date": "2026-04-01", "geo": "LV", "value": 216.9, "cur": null, "local_currency": null, "value_local": null }, { "date": "2026-05-01", "geo": "LV", "value": 223.2, "cur": null, "local_currency": null, "value_local": null } ] }, { "id": "exports_latest_rows", "title": "Furniture exports latest years", "summary": "", "indicator_key": "exports_yearly", "indicator_ref": 6, "columns": [ "year", "value" ], "rows": [ { "x_axis": "2020", "value": 248.9, "value_label": "248.9", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid" }, { "x_axis": "2021", "value": 290.1, "value_label": "290.1", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid" }, { "x_axis": "2022", "value": 321.2, "value_label": "321.2", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid" }, { "x_axis": "2023", "value": 269.5, "value_label": "269.5", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid" }, { "x_axis": "2024", "value": 244.2, "value_label": "244.2", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid" }, { "x_axis": "2025", "value": 273.9, "value_label": "273.9", "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid" } ] }, { "id": "export_partner_latest_rows", "title": "Export destination latest shares", "summary": "", "indicator_key": "exports_by_country", "indicator_ref": 7, "columns": [ "name", "value" ], "rows": [ { "name": "Denmark", "label": "DK", "value": 0.2925 }, { "name": "Lithuania", "label": "LT", "value": 0.0963 }, { "name": "Germany", "label": "DE", "value": 0.085 }, { "name": "Estonia", "label": "EE", "value": 0.0733 }, { "name": "Sweden", "label": "SE", "value": 0.0703 }, { "name": "United Kingdom", "label": "GB", "value": 0.0607 }, { "name": "France", "label": "FR", "value": 0.0524 }, { "name": "United States", "label": "US", "value": 0.048 }, { "name": "Norway", "label": "NO", "value": 0.0343 }, { "name": "Poland", "label": "PL", "value": 0.0279 } ] } ], "crawl": { "type": "country_furniture_market_hub", "canonical_url": "https://www.furnilytics.com/market/latvia-furniture-market-hub/", "json_url": "https://data.furnilytics.com/market-hubs/latvia-furniture-market-hub.json", "title": "Latvia Furniture Market Hub", "meta_title": "Latvia Furniture Market Hub | Furnilytics", "meta_description": "Monthly Latvia furniture market hub with consumer demand, retail turnover, production, exports, producer prices, housing, confidence and product-search indicators.", "country": { "name": "Latvia", "geo": "LV", "role": "export-oriented Baltic furniture production market" }, "market": { "name": "Furniture", "scope": "Furniture retail, production, consumption, exports, producer-price and demand context" }, "market_data_updated_at": "2026-07-20", "refresh_frequency": "monthly", "executive_summary": "Latvia's furniture market positions itself as a compact Baltic hub with a strong export-oriented production base, primarily catering to Nordic, Baltic, and Central European buyers. The consumer market is expanding, supported by a notable retail turnover recovery, which reflects a growing appetite for furniture despite underlying consumer confidence challenges. This suggests that while domestic demand is improving, it is still influenced by external market dynamics and consumer sentiment [1]. Retail 6-month momentum is +8.7% year over year, supporting a positive near-term demand read. [2] The production sector is also on an upward trajectory, indicating robust manufacturing capabilities that align with export growth. However, the housing market activity, while elevated, shows signs of contraction compared to pre-2019 levels, which could pose a demand headwind. Additionally, the high export exposure relative to production turnover underscores Latvia's reliance on international markets, further complicating the outlook amid fluctuating consumer confidence [5]. The latest export trend is +12.2%, which frames the external demand signal for producers. [6]", "key_measurements": [ { "metric": "Consumer market size", "latest_value": "290 million euro", "status": "Expanding", "context": "+5.4% annual change", "source_ref": 1 }, { "metric": "Retail market size", "latest_value": "167 million euro", "status": "Recovering", "context": "+8.7% six-month YoY", "source_ref": 2 }, { "metric": "Production market size", "latest_value": "426 million euro", "status": "Recovering", "context": "+11.4% six-month YoY", "source_ref": 3 }, { "metric": "Producer price index", "latest_value": "118.1 index points", "status": "Moderate pressure", "context": "+1.5 pp six-month YoY", "source_ref": 4 }, { "metric": "Particleboard price", "latest_value": "not available", "status": null, "context": "27.8% below 2022 peak", "source_ref": 5 }, { "metric": "Furniture exports", "latest_value": "274 million euro", "status": "Export growth", "context": "+12.2% latest export change", "source_ref": 6 }, { "metric": "Export exposure", "latest_value": "64.4%", "status": "High export exposure", "context": "exports relative to production turnover", "source_ref": 6 }, { "metric": "Housing market activity", "latest_value": "137.8 index points", "status": "Elevated; strong contraction", "context": "+38 pts vs 2019", "source_ref": 8 }, { "metric": "Consumer confidence", "latest_value": "-18.8 points", "status": "Weakening", "context": "-2.9 pp recent change", "source_ref": 9 }, { "metric": "Product search trend", "latest_value": "96.4 index points", "status": "Softening", "context": "31.2% below 2021 peak", "source_ref": 10 } ], "sections": [ { "id": "market_size", "title": "Market Size & Consumption", "main_indicator": "consumer_market_size", "summary": "The consumer market size for furniture in Latvia is currently expanding, currently set to reach 290 million euro by 2025, reflecting a +5.4% annual change [1]. This growth indicates a robust demand environment, which is essential for both local production and retail sectors. The upward trajectory in consumer spending suggests a strengthening of the domestic market, providing opportunities for furniture producers to enhance their offerings and capture greater market share. In terms of retail dynamics, Latvia's furniture market has shown significant year-on-year growth, with a reported increase of 14.1% in one recent period [2]. This momentum in retail performance underscores the potential for sustained consumption levels, which can positively impact production capacities and supply chain efficiencies. The combination of rising consumer expenditure and retail growth positions Latvia as a competitive player in the Baltic furniture production market." }, { "id": "retail", "title": "Retail & Demand", "main_indicator": "retail_turnover", "summary": "The Latvian furniture retail market is currently valued at 167 million euro, indicating a recovering trend with an 8.7% increase year-on-year over the past six months [2]. This recovery suggests a positive shift in consumer demand, although the market remains 31.2% below its peak product search index of 140.5 points reached in 2021, reflecting ongoing softening in consumer interest [10]. Retailer market shares indicate a competitive landscape, with recent data showing a year-on-year growth of 14.1% and 8.4% for different segments within the market [2]. This growth amidst a backdrop of softening product search trends highlights a potential divergence between retail performance and consumer engagement, suggesting that while sales may be recovering, underlying demand dynamics could still pose challenges for sustained growth." }, { "id": "industry", "title": "Industry & Production", "main_indicator": "production_turnover", "summary": "Latvia's furniture production market is currently recovering, with a production turnover of 426 million euro, reflecting an 11.4% increase year-on-year over the past six months [3]. This recovery indicates a positive momentum in demand, which is crucial for sustaining retail and production activities within the sector. The upward trend in production turnover suggests that Latvian manufacturers are effectively responding to both domestic and export market needs, positioning the country as a vital player in the Baltic furniture production landscape. The producer price index stands at 118.1 index points, indicating moderate pressure with a 1.5 percentage point increase year-on-year over the last six months [4]. This pressure on producer prices may influence profit margins for manufacturers, potentially impacting their pricing strategies in the retail market. Additionally, the particleboard price remains significantly below its 2022 peak, which could provide some relief to producers in terms of raw material costs, thereby supporting the overall production capacity and export competitiveness of Latvia's furniture industry [5]." }, { "id": "supply_chain", "title": "Trade & Competitiveness", "main_indicator": "exports_by_country", "summary": "Latvia's furniture market is characterized by a robust export orientation, with furniture exports reaching 274 million euro, reflecting a growth rate of 12.2% [6]. This high export exposure, at 64.4% of production turnover, indicates a significant reliance on international markets, which shapes the demand dynamics within the domestic retail sector. The concentration of exports towards key partners, particularly Denmark (29.25%) and Lithuania (9.63%) [7], underscores the strategic importance of these relationships in sustaining Latvia's production and economic stability. The current export growth trajectory suggests a favorable environment for Latvian furniture producers, potentially leading to increased production capacities and investment in innovation. However, the reliance on a limited number of export destinations may pose risks if demand shifts in these markets. The ongoing demand for Latvian furniture in the international arena is crucial for maintaining competitive pricing and ensuring the sustainability of the local production ecosystem [6]." }, { "id": "macroeconomics", "title": "Macroeconomics", "main_indicator": "housing_market_activity", "summary": "Latvia's furniture market is currently experiencing elevated housing market activity, with an index value of 137.8 points, reflecting a strong contraction compared to previous years, specifically a rise of 38 points since 2019 [8]. This contraction may indicate a cooling demand for furniture as housing market dynamics shift, impacting retail and production levels within the sector. The export-oriented nature of Latvia's furniture production market may face pressures as domestic consumption trends evolve. Consumer confidence in Latvia has weakened, currently sitting at -18.8 points, which represents a recent decline of 2.9 percentage points [9]. This weakening sentiment could further dampen demand for furniture, as consumers may prioritize essential expenditures over discretionary items. The interplay between declining consumer confidence and elevated housing market activity suggests a complex landscape for furniture producers and retailers, necessitating strategic adjustments to align with changing market conditions." } ], "source_count": 10 }, "notes": [ "The hub is a composition layer over existing indicator JSON files. Indicator pages remain the canonical source pages for methodology, charts and source-specific notes.", "Latvia is configured as an export-country hub. The euro is the market currency, and apparent consumption is intentionally excluded because export intensity can distort domestic-demand interpretation." ] }