Furniture & Homeware market in Latvia
The Latvian Furniture & Homeware eCommerce market is predicted to reach US$263.7 million by 2023 and accounts for 11.6% of the total eCommerce market in Latvia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 6.3%, resulting in a projected market volume of US$337.1 million by 2027. Within the Furniture & Homeware market ECDB considers the following two sub-markets: Furniture and Homeware.
Market development
eCommerce revenue development in the Carpets market in Latvia
The Latvian Carpets eCommerce market is predicted to reach US$20.1 million by 2023 and accounts for 22.8% of the Homeware eCommerce market in Latvia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 10.2%, resulting in a projected market volume of US$29.6 million by 2027. The Carpets eCommerce market is a sub-market of the Homeware market. Further categories within the Homeware market are: Bedding, Curtains & Blinds, Decorations, Lamps, Other Homeware, and Tableware.
eCommerce revenue development in the Carpets market in Latvia
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Carpets market in Latvia
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 52.7 | 56.6 | 76.6 | 90.4 | 68.5 | 79.3 | 91.4 | 38.7 |
| AOV (in US$) | 69.1 | 50.3 | 4.7 | 41.7 | 4.9 | 13.1 | 12.7 | 31.0 |
| CVR (in %) | 52.7 | 56.6 | 76.6 | 90.4 | 68.5 | 79.3 | 91.4 | 38.7 |
Market definition
Definition of the Carpets market within the Furniture & Homeware market
Market definition: Furniture & Homeware > Homeware > Carpets The category Carpets includes the online trade of carpets (e.g. outdoor carpets, shag carpets, berber carpets) and rugs (e.g. area rugs, runner rugs, oriental and persian rugs, kilim rugs). This category does not cover tapestries, doormats or flooring carpets. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Carpets (e.g. outdoor carpets, shag carpets, berber carpets)
- Rugs (e.g. area rugs, runner rugs, oriental and persian rugs, kilim rugs)
Out-of-scope
- Tapestries
- Doormats
- Flooring carpets
Select sub-category