{ "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": "2026-06-26T09:32:12.088698+00:00", "market_data_updated_at": "2026-06-26", "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": "2026-06-22" }, { "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": "2026-06-25" }, { "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": "2026-06-21" }, { "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": "2026-06-22" }, { "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": "2026-06-26" }, { "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": "2026-06-26" }, { "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": "2026-06-25" }, { "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": "2026-06-22" }, { "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": "2026-06-25" } ], "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": 8.77, "context": "+8.8% 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": 11.45, "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": "2026-04-01", "value": null, "unit": "Price [EUR/m3]", "previous_period": "2026-03-01", "previous_value": null, "change_abs": null, "change_pct": null, "short_term_yoy_pct": 9.75, "context": "32.1% 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": "2026-04-01", "value": 146.0, "unit": "Index [2019=100]", "previous_period": "2026-03-01", "previous_value": 142.0, "change_abs": 4.01, "change_pct": 2.82, "short_term_yoy_pct": -9.96, "status": "Elevated; moderate contraction", "context": "+46 pts vs 2019" }, { "id": "consumer_confidence", "label": "Consumer confidence", "section": "macroeconomics", "indicator_key": "consumer_confidence", "indicator_ref": 9, "period": "2026-05-01", "value": -15.9, "unit": "Balance [PP]", "previous_period": "2026-04-01", "previous_value": -16.1, "change_abs": 0.2, "change_pct": 1.24, "short_term_change_abs": 2.33, "status": "Recovering", "context": "+2.3 pp six-month 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": 0.66, "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 stands out as a compact Baltic production hub with a strong export orientation, primarily serving Nordic, Baltic, and Central European buyers. The consumer market size is expanding, reflecting a robust demand backdrop, while retail turnover has shown significant recovery, supported by a positive six-month trend. However, consumer confidence remains a headwind, indicating potential challenges in domestic demand despite the overall market growth narrative [1].", "The production sector is also recovering, with notable increases in turnover, which underscores the industry's resilience. Housing market activity is elevated compared to pre-2019 levels, providing a supportive environment for furniture demand. Yet, the high export exposure, with a substantial portion of production directed towards international markets, highlights Latvia's reliance on external demand dynamics. This interconnectedness suggests that while local conditions are improving, the market's trajectory will be influenced by broader trade and consumer sentiment trends [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 +8.8% 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; moderate contraction, with housing activity at 146.0 index points [8], +46 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 valued at 290 million euro, reflecting an expanding trend with a +5.4% annual change [1]. This growth indicates a robust demand environment, which is crucial for both local production and retail sectors. As the market continues to expand, it presents opportunities for increased investment in production capabilities and retail strategies to capture a larger share of consumer spending.", "In 2024, the furniture market in Latvia is currently set to reach a size of 275.5 million euro, up from 190.8 million euro in 2015 [1]. This significant increase underscores the long-term growth trajectory of the market, driven by rising consumer expenditure and a favorable economic backdrop. The upward momentum in consumer demand is likely to stimulate further production activities, enhancing Latvia's role as an export-oriented 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 increase of 8.8% year-on-year over the past six months [2]. This recovery suggests a positive shift in consumer demand, which is essential for sustaining production levels and maintaining the export-oriented nature of Latvia's furniture market.", "However, the product search trend has softened, with an index of 96.4 points, reflecting a 31.2% decline from the peak observed in 2021 [10]. This divergence between retail turnover growth and product search activity may signal potential challenges in sustaining demand momentum in the near term.", "Retailer market shares in Latvia have shown variability, with recent data indicating a year-on-year growth of 14.1% for one segment and 8.4% for another [2]. This suggests a competitive landscape where certain retailers are capitalizing on the recovering market, while others may be facing pressure. The overall retail environment remains sensitive to shifts in consumer behavior, particularly as the product search trend indicates a softening interest compared to previous highs. Such dynamics are crucial for understanding the broader implications for supply and production strategies within the Latvian furniture sector." ], "indicator_refs": [ 2, 10 ] }, { "section_id": "industry", "title": "Industry & Production", "paragraphs": [ "Latvia's furniture production market is currently recovering, with a production market size of 426 million euro, reflecting an 11.4% increase year-over-year over the past six months [3]. This recovery indicates a positive momentum in the sector, which is crucial for sustaining export-oriented strategies. The demand for Latvian furniture is likely to benefit from this upward trend, as production capacity aligns with growing consumption needs both domestically and in export markets.", "The producer price index stands at 118.1 index points, indicating moderate pressure with a 1.5 percentage point increase year-over-year over the last six months [4]. This suggests that while production is on the rise, cost pressures may influence pricing strategies and margins within the market. Additionally, particleboard prices are currently 32.1% below their 2022 peak, which may provide some relief in production costs, potentially enhancing competitiveness in export markets [5]." ], "indicator_refs": [ 3, 4, 5 ] }, { "section_id": "supply_chain", "title": "Trade & Competitiveness", "paragraphs": [ "Latvia's furniture exports have reached 274 million euro, reflecting a robust export growth of 12.2% [6]. This high export exposure, with an export to production ratio of 64.4% [6], indicates that the Latvian furniture market is heavily reliant on international demand, which is crucial for sustaining production levels and economic stability. The concentration of exports to key markets, such as Denmark and Lithuania, underscores the importance of these relationships for future growth [7].", "The current export dynamics suggest a favorable environment for Latvian furniture producers, as the demand from primary export partners remains strong. The pie chart representation of Latvia's furniture exports by country reveals that Denmark accounts for 29.25% of total exports, highlighting a significant dependency on this market [7]. Such concentration may pose risks if demand fluctuates, but it also presents opportunities for targeted marketing and strategic partnerships to enhance competitiveness in the Baltic furniture production landscape." ], "indicator_refs": [ 6, 7, 3 ] }, { "section_id": "macroeconomics", "title": "Macroeconomics", "paragraphs": [ "Latvia's housing market activity is currently elevated at 146.0 index points, reflecting a moderate contraction compared to previous periods, with an increase of 46 points since 2019 [8]. This sustained activity level indicates a robust demand for housing, which is likely to influence furniture consumption positively, as new homeowners typically invest in furnishings. However, the contraction suggests potential pressures on retail and production as market dynamics shift.", "Consumer confidence in Latvia is recovering, currently at -15.9 points, which represents a 2.3 percentage point improvement over the past six months [9]. This recovery may bolster demand for furniture, as increased consumer sentiment often correlates with higher spending in retail markets. The interplay between elevated housing market activity and recovering consumer confidence could create a favorable environment for furniture exports, positioning Latvia strategically within the Baltic furniture production market." ], "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": 77.8 }, { "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": 85.14 }, { "date": "2016-01-01", "geo": "LV", "value": 83.32 }, { "date": "2016-03-01", "geo": "LV", "value": 86.93 }, { "date": "2016-04-01", "geo": "LV", "value": 85.27 }, { "date": "2016-05-01", "geo": "LV", "value": 90.71 }, { "date": "2016-06-01", "geo": "LV", "value": 91.59 }, { "date": "2016-07-01", "geo": "LV", "value": 96.14 }, { "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": 110.85 }, { "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": 104.4 }, { "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": 111.89 }, { "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": 104.11 }, { "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": 93.74 }, { "date": "2019-11-01", "geo": "LV", "value": 101.69 }, { "date": "2019-12-01", "geo": "LV", "value": 99.39 }, { "date": "2020-01-01", "geo": "LV", "value": 100.39 }, { "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": 124.32 }, { "date": "2022-03-01", "geo": "LV", "value": 125.16 }, { "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": 120.96 }, { "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": 109.78 }, { "date": "2023-05-01", "geo": "LV", "value": 113.61 }, { "date": "2023-06-01", "geo": "LV", "value": 117.47 }, { "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": 113.2 }, { "date": "2024-09-01", "geo": "LV", "value": 116.1 }, { "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": 167.5 }, { "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": 198.58 }, { "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": 169.32 }, { "date": "2025-11-01", "geo": "LV", "value": 161.08 }, { "date": "2025-12-01", "geo": "LV", "value": 153.54 }, { "date": "2026-01-01", "geo": "LV", "value": 146.53 }, { "date": "2026-02-01", "geo": "LV", "value": 141.44 }, { "date": "2026-03-01", "geo": "LV", "value": 142.0 }, { "date": "2026-04-01", "geo": "LV", "value": 146.01 } ], "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": "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": 11768.0, "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 }, { "name": "Sweden", "label": "SE", "value": 3980.9, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 4116.5, "value_local": 45505.3, "cur": "SEK", "local_currency": "SEK" }, { "name": "Switzerland", "label": "CH", "value": 3924.4, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 3951.9, "value_local": 3738.4, "cur": "CHF", "local_currency": "CHF" } ] }, { "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": 655.86, "metric_value": 11768000000.0, "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": 506.0, "metric_value": 3016400000.0, "population": 5961249 }, { "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": "Ireland", "label": "IE", "geo": "IE", "year": "2024", "value_per_capita": 405.76, "metric_value": 2171500000.0, "population": 5351681 }, { "name": "Sweden", "label": "SE", "geo": "SE", "year": "2024", "value_per_capita": 377.28, "metric_value": 3980900000.0, "population": 10551707 }, { "name": "Finland", "label": "FI", "geo": "FI", "year": "2024", "value_per_capita": 303.9, "metric_value": 1703000000.0, "population": 5603851 } ] }, { "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": "2025-11-01", "geo": "LV", "value_nominal": 40075232.12586794, "value_real": 34244935.00484552, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "value": 40075232.12586794, "yoy_pct": 6.7, "previous_year_value": 37559020.4, "previous_year_date": "2024-11" }, { "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, "value": 30843289.460210726, "yoy_pct": 14.7, "previous_year_value": 26899279.7, "previous_year_date": "2024-12" }, { "date": "2026-01-01", "geo": "LV", "value_nominal": 33872707.447408974, "value_real": 28895341.19770794, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": null, "value": 33872707.447408974, "yoy_pct": 2.9, "previous_year_value": 32903506.4, "previous_year_date": "2025-01" }, { "date": "2026-02-01", "geo": "LV", "value_nominal": 36667773.30677412, "value_real": 31306425.73050234, "cur": null, "local_currency": null, "value_nominal_local": null, "value_real_local": 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, "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, "value": 36378133.08441201, "yoy_pct": 11.2, "previous_year_value": 32704454.2, "previous_year_date": "2025-04" } ] }, { "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": "2025-11-01", "geo": "LV", "value": 195.6, "cur": null, "local_currency": null, "value_local": null }, { "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": 209.9, "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": "2026-06-26", "refresh_frequency": "monthly", "executive_summary": "Latvia's furniture market stands out as a compact Baltic production hub with a strong export orientation, primarily serving Nordic, Baltic, and Central European buyers. The consumer market size is expanding, reflecting a robust demand backdrop, while retail turnover has shown significant recovery, supported by a positive six-month trend. However, consumer confidence remains a headwind, indicating potential challenges in domestic demand despite the overall market growth narrative [1]. The production sector is also recovering, with notable increases in turnover, which underscores the industry's resilience. Housing market activity is elevated compared to pre-2019 levels, providing a supportive environment for furniture demand. Yet, the high export exposure, with a substantial portion of production directed towards international markets, highlights Latvia's reliance on external demand dynamics. This interconnectedness suggests that while local conditions are improving, the market's trajectory will be influenced by broader trade and consumer sentiment trends [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": "+8.8% 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": "32.1% 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": "146.0 index points", "status": "Elevated; moderate contraction", "context": "+46 pts vs 2019", "source_ref": 8 }, { "metric": "Consumer confidence", "latest_value": "-15.9 points", "status": "Recovering", "context": "+2.3 pp six-month 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 valued at 290 million euro, reflecting an expanding trend with a +5.4% annual change [1]. This growth indicates a robust demand environment, which is crucial for both local production and retail sectors. As the market continues to expand, it presents opportunities for increased investment in production capabilities and retail strategies to capture a larger share of consumer spending. In 2024, the furniture market in Latvia is currently set to reach a size of 275.5 million euro, up from 190.8 million euro in 2015 [1]. This significant increase underscores the long-term growth trajectory of the market, driven by rising consumer expenditure and a favorable economic backdrop. The upward momentum in consumer demand is likely to stimulate further production activities, enhancing Latvia's role as an export-oriented 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 increase of 8.8% year-on-year over the past six months [2]. This recovery suggests a positive shift in consumer demand, which is essential for sustaining production levels and maintaining the export-oriented nature of Latvia's furniture market. However, the product search trend has softened, with an index of 96.4 points, reflecting a 31.2% decline from the peak observed in 2021 [10]. This divergence between retail turnover growth and product search activity may signal potential challenges in sustaining demand momentum in the near term." }, { "id": "industry", "title": "Industry & Production", "main_indicator": "production_turnover", "summary": "Latvia's furniture production market is currently recovering, with a production market size of 426 million euro, reflecting an 11.4% increase year-over-year over the past six months [3]. This recovery indicates a positive momentum in the sector, which is crucial for sustaining export-oriented strategies. The demand for Latvian furniture is likely to benefit from this upward trend, as production capacity aligns with growing consumption needs both domestically and in export markets. The producer price index stands at 118.1 index points, indicating moderate pressure with a 1.5 percentage point increase year-over-year over the last six months [4]. This suggests that while production is on the rise, cost pressures may influence pricing strategies and margins within the market. Additionally, particleboard prices are currently 32.1% below their 2022 peak, which may provide some relief in production costs, potentially enhancing competitiveness in export markets [5]." }, { "id": "supply_chain", "title": "Trade & Competitiveness", "main_indicator": "exports_by_country", "summary": "Latvia's furniture exports have reached 274 million euro, reflecting a robust export growth of 12.2% [6]. This high export exposure, with an export to production ratio of 64.4% [6], indicates that the Latvian furniture market is heavily reliant on international demand, which is crucial for sustaining production levels and economic stability. The concentration of exports to key markets, such as Denmark and Lithuania, underscores the importance of these relationships for future growth [7]. The current export dynamics suggest a favorable environment for Latvian furniture producers, as the demand from primary export partners remains strong. The pie chart representation of Latvia's furniture exports by country reveals that Denmark accounts for 29.25% of total exports, highlighting a significant dependency on this market [7]. Such concentration may pose risks if demand fluctuates, but it also presents opportunities for targeted marketing and strategic partnerships to enhance competitiveness in the Baltic furniture production landscape." }, { "id": "macroeconomics", "title": "Macroeconomics", "main_indicator": "housing_market_activity", "summary": "Latvia's housing market activity is currently elevated at 146.0 index points, reflecting a moderate contraction compared to previous periods, with an increase of 46 points since 2019 [8]. This sustained activity level indicates a robust demand for housing, which is likely to influence furniture consumption positively, as new homeowners typically invest in furnishings. However, the contraction suggests potential pressures on retail and production as market dynamics shift. Consumer confidence in Latvia is recovering, currently at -15.9 points, which represents a 2.3 percentage point improvement over the past six months [9]. This recovery may bolster demand for furniture, as increased consumer sentiment often correlates with higher spending in retail markets. The interplay between elevated housing market activity and recovering consumer confidence could create a favorable environment for furniture exports, positioning Latvia strategically within the Baltic furniture production market." } ], "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." ] }