| Product Code: ETC7924059 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s vermouth import market in 2024 saw continued high concentration with top exporters being Italy, Germany, Metropolitan France, Estonia, and Spain. Despite a significant growth rate of 24.81% from 2020 to 2024, there was a noticeable decline of -33.64% from 2023 to 2024. This suggests a possible shift or temporary setback in the market dynamics. The consistent dominance of key exporting countries highlights the strong foothold they have in supplying vermouth to Latvia. Further analysis would be beneficial to understand the implications of the recent growth fluctuation.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Vermouth Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vermouth Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vermouth Market - Industry Life Cycle |
3.4 Latvia Vermouth Market - Porter's Five Forces |
3.5 Latvia Vermouth Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Vermouth Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Vermouth Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing trend of socializing and dining out among the Latvian population |
4.2.2 Growing interest in craft cocktails and mixology |
4.2.3 Rising disposable income leading to higher spending on premium alcoholic beverages |
4.3 Market Restraints |
4.3.1 Stringent regulations and taxes on alcohol sales and distribution |
4.3.2 Competition from other alcoholic beverages such as wine and beer |
4.3.3 Limited awareness and availability of vermouth in the Latvian market |
5 Latvia Vermouth Market Trends |
6 Latvia Vermouth Market, By Types |
6.1 Latvia Vermouth Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vermouth Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Vermouth Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F |
6.1.4 Latvia Vermouth Market Revenues & Volume, By Specialist Retailers, 2021- 2031F |
6.1.5 Latvia Vermouth Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.1.6 Latvia Vermouth Market Revenues & Volume, By Online, 2021- 2031F |
6.2 Latvia Vermouth Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vermouth Market Revenues & Volume, By Sweet Vermouth, 2021- 2031F |
6.2.3 Latvia Vermouth Market Revenues & Volume, By Dry Vermouth, 2021- 2031F |
6.2.4 Latvia Vermouth Market Revenues & Volume, By Bianco Vermouth, 2021- 2031F |
7 Latvia Vermouth Market Import-Export Trade Statistics |
7.1 Latvia Vermouth Market Export to Major Countries |
7.2 Latvia Vermouth Market Imports from Major Countries |
8 Latvia Vermouth Market Key Performance Indicators |
8.1 Number of craft cocktail bars and mixology events in Latvia |
8.2 Consumer surveys measuring preferences for premium alcoholic beverages |
8.3 Growth in online searches for vermouth recipes and cocktail ideas |
8.4 Number of vermouth brands entering the Latvian market |
8.5 Participation in vermouth-related events and festivals in Latvia |
9 Latvia Vermouth Market - Opportunity Assessment |
9.1 Latvia Vermouth Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Vermouth Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Vermouth Market - Competitive Landscape |
10.1 Latvia Vermouth Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vermouth Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |