| Product Code: ETC4696550 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia continues to witness a significant flow of anethole imports from top exporters such as Germany, Spain, Sweden, UK, and China in 2024. Despite the high concentration of Herfindahl-Hirschman Index (HHI), indicating strong market dominance, the compound annual growth rate (CAGR) for the period 2020-2024 experienced a notable decline of -44.81%. Moreover, the growth rate from 2023 to 2024 further decreased by -19.29%, reflecting a challenging market environment. Monitoring these trends closely will be crucial for stakeholders to navigate the evolving landscape of anethole imports in Latvia.

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 Anethole Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Anethole Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Anethole Market - Industry Life Cycle |
3.4 Latvia Anethole Market - Porter's Five Forces |
3.5 Latvia Anethole Market Revenues & Volume Share, By Source of Extraction, 2021 & 2031F |
3.6 Latvia Anethole Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Anethole Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Anethole Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Anethole Market Trends |
6 Latvia Anethole Market Segmentations |
6.1 Latvia Anethole Market, By Source of Extraction |
6.1.1 Overview and Analysis |
6.1.2 Latvia Anethole Market Revenues & Volume, By Bitter Fennel, 2021-2031F |
6.1.3 Latvia Anethole Market Revenues & Volume, By Sweet Fennel, 2021-2031F |
6.1.4 Latvia Anethole Market Revenues & Volume, By Star Anise, 2021-2031F |
6.1.5 Latvia Anethole Market Revenues & Volume, By Anise, 2021-2031F |
6.1.6 Latvia Anethole Market Revenues & Volume, By Damiana, 2021-2031F |
6.2 Latvia Anethole Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Anethole Market Revenues & Volume, By Food Additive, 2021-2031F |
6.2.3 Latvia Anethole Market Revenues & Volume, By Flavoring Agent, 2021-2031F |
6.2.4 Latvia Anethole Market Revenues & Volume, By Anti-Inflammatory Compounds, 2021-2031F |
6.2.5 Latvia Anethole Market Revenues & Volume, By Sweetener, 2021-2031F |
6.2.6 Latvia Anethole Market Revenues & Volume, By Inhibitor for Cancer, 2021-2031F |
6.3 Latvia Anethole Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Anethole Market Revenues & Volume, By Chemicals and Allied Products, 2021-2031F |
6.3.3 Latvia Anethole Market Revenues & Volume, By Basic Chemical Manufacturing, 2021-2031F |
6.3.4 Latvia Anethole Market Revenues & Volume, By Food and Beverage, 2021-2031F |
7 Latvia Anethole Market Import-Export Trade Statistics |
7.1 Latvia Anethole Market Export to Major Countries |
7.2 Latvia Anethole Market Imports from Major Countries |
8 Latvia Anethole Market Key Performance Indicators |
9 Latvia Anethole Market - Opportunity Assessment |
9.1 Latvia Anethole Market Opportunity Assessment, By Source of Extraction, 2021 & 2031F |
9.2 Latvia Anethole Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Anethole Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Anethole Market - Competitive Landscape |
10.1 Latvia Anethole Market Revenue Share, By Companies, 2024 |
10.2 Latvia Anethole 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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