Hobby & Leisure market in Latvia
The Latvian Hobby & Leisure eCommerce market is predicted to reach US$579.8 million by 2023 and accounts for 25.6% 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 8.4%, resulting in a projected market volume of US$799.7 million by 2027. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Pet Supplies, Toys, Stationery, Crafts & Art Supplies, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.
Market development
eCommerce revenue development in the Dog Supplies market in Latvia
The Latvian Dog Supplies eCommerce market is predicted to reach US$22.8 million by 2023 and accounts for 39.6% of the Pet Supplies 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 8.8%, resulting in a projected market volume of US$31.9 million by 2027. The Dog Supplies eCommerce market is a sub-market of the Pet Supplies market. Further categories within the Pet Supplies market are: Bird Supplies, Cat Supplies, Fish Supplies, Horse Supplies, and Other Pet Supplies.
eCommerce revenue development in the Dog Supplies market in Latvia
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Dog Supplies market in Latvia
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 86.6 | 46.7 | 25.3 | 1.2 | 69.9 | 16.8 | 64.8 | 35.9 |
| AOV (in US$) | 0.6 | 0.6 | 1.0 | 0.2 | 0.0 | 0.2 | 0.4 | 0.5 |
| CVR (in %) | 24.4 | 18.4 | 14.7 | 55.4 | 46.5 | 53.5 | 19.8 | 42.3 |
Market definition
Definition of the Dog Supplies market within the Hobby & Leisure market
Market definition: Hobby & Leisure > Pet Supplies > Dog Supplies The category Dog Supplies includes the online trade of dog food and treats, dog toys, dog beds and beddings, and more. This category does not cover dog walking services and dog grooming services. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Dog food and treats
- Dog toys
- Dog beds and beddings
- Crates and kennels
- Collars and leashes
- Dog grooming supplies
Out-of-scope
- Dog walking services
- Dog grooming services
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