| Product Code: ETC7904014 | 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 agroscience import market in 2024 continued to be dominated by key suppliers such as Poland, Denmark, Lithuania, Belgium, and Austria, indicating a stable trade relationship. The high concentration levels, as measured by the Herfindahl-Hirschman Index (HHI), suggest limited market competition. Despite a healthy compound annual growth rate (CAGR) of 6.95% from 2020 to 2024, the negative growth rate of -20.25% in 2024 indicates a potential slowdown or disruption in the market dynamics, warranting further investigation for stakeholders in the agroscience industry.

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 Agroscience Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Agroscience Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Agroscience Market - Industry Life Cycle |
3.4 Latvia Agroscience Market - Porter's Five Forces |
3.5 Latvia Agroscience Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Agroscience Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Latvia Agroscience Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable agricultural practices |
4.2.2 Government initiatives promoting modernization of agriculture |
4.2.3 Growing awareness about the importance of crop protection and soil health |
4.3 Market Restraints |
4.3.1 Fluctuating weather conditions impacting crop productivity |
4.3.2 Limited availability of skilled agricultural workforce |
4.3.3 Regulatory challenges related to agrochemical usage |
5 Latvia Agroscience Market Trends |
6 Latvia Agroscience Market, By Types |
6.1 Latvia Agroscience Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Agroscience Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Agroscience Market Revenues & Volume, By Genetically Modified (GM) Seeds, 2021- 2031F |
6.1.4 Latvia Agroscience Market Revenues & Volume, By Biopesticides, 2021- 2031F |
6.1.5 Latvia Agroscience Market Revenues & Volume, By Bio stimulants, 2021- 2031F |
6.2 Latvia Agroscience Market, By End Users |
6.2.1 Overview and Analysis |
6.2.2 Latvia Agroscience Market Revenues & Volume, By Crops, 2021- 2031F |
6.2.3 Latvia Agroscience Market Revenues & Volume, By Food and Vegetables, 2021- 2031F |
7 Latvia Agroscience Market Import-Export Trade Statistics |
7.1 Latvia Agroscience Market Export to Major Countries |
7.2 Latvia Agroscience Market Imports from Major Countries |
8 Latvia Agroscience Market Key Performance Indicators |
8.1 Adoption rate of precision farming technologies |
8.2 Investment in research and development for innovative agroscience solutions |
8.3 Percentage of farmers using integrated pest management practices |
9 Latvia Agroscience Market - Opportunity Assessment |
9.1 Latvia Agroscience Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Agroscience Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Latvia Agroscience Market - Competitive Landscape |
10.1 Latvia Agroscience Market Revenue Share, By Companies, 2024 |
10.2 Latvia Agroscience Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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