Hobby & Leisure market in Latvia

The Latvian Hobby & Leisure eCommerce market is predicted to reach US$199.1 million by 2024 and accounts for 26.5% 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 2024-2028) will be 6.8%, resulting in a projected market volume of US$259.3 million by 2028. 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 eBooks market in Latvia

The Latvian eBooks eCommerce market is predicted to reach US$5.0 million by 2024 and accounts for 11.6% of the Books, eBooks & Audiobooks eCommerce market in Latvia. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -0.2%, resulting in a projected market volume of US$5.0 million by 2028. The eBooks eCommerce market is a sub-market of the Books, eBooks & Audiobooks market. Further categories within the Books, eBooks & Audiobooks market are: Audiobooks, and Books.

eCommerce revenue development in the eBooks market in Latvia

in million US$

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 eBooks market in Latvia

in %

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

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)24.418.359.897.138.637.012.273.1

Online share

eCommerce online share of the total eBooks market in Latvia

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Latvian eBooks retail market, the online share is 5.3% and will increase by an average of 8.0% to 7.2% by 2028.

eCommerce online share of the total eBooks market in Latvia

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)51.4%78.7%21.7%57.0%70.5%96.8%49.8%64.9%

Market definition

Definition of the eBooks market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Media > Books, eBooks & Audiobooks > eBooks The category eBooks includes the online trade of ebooks (e.g. fiction ebooks, educational and textbook ebooks, travel and guidebook ebooks). This category does not cover ebook readers, books or audiobooks. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • eBooks (e.g. fiction eBooks, educational and textbook eBooks, travel and guidebook eBooks)

Out-of-scope

  • eBook readers
  • Books
  • Audiobooks

Market comparison

The Latvian eBooks market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis