| Product Code: ETC7905583 | 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 |
The import shipments of avermectin to Latvia in 2024 saw a significant increase in concentration, with top exporting countries being Lithuania, Poland, Germany, Netherlands, and Slovenia. The Herfindahl-Hirschman Index (HHI) reflected a shift from moderate concentration in 2023 to very high concentration in 2024. Despite a high compound annual growth rate (CAGR) of 20.08% from 2020 to 2024, there was a slight decline in growth rate (-8.12%) from 2023 to 2024. This data suggests a dynamic market landscape for avermectin imports in Latvia, with key players consolidating their positions in the market.

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 Avermactin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Avermactin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Avermactin Market - Industry Life Cycle |
3.4 Latvia Avermactin Market - Porter's Five Forces |
3.5 Latvia Avermactin Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Avermactin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Avermactin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for organic farming practices |
4.2.2 Rising awareness about the benefits of using avermectin in agriculture |
4.2.3 Government support for sustainable agricultural practices in Latvia |
4.3 Market Restraints |
4.3.1 Stringent regulations on pesticide and chemical usage in agriculture |
4.3.2 Volatility in raw material prices affecting avermectin production costs |
5 Latvia Avermactin Market Trends |
6 Latvia Avermactin Market, By Types |
6.1 Latvia Avermactin Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Avermactin Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Avermactin Market Revenues & Volume, By Liquid, 2021- 2031F |
6.1.4 Latvia Avermactin Market Revenues & Volume, By Solid, 2021- 2031F |
6.2 Latvia Avermactin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Avermactin Market Revenues & Volume, By Fruits and Vegetables, 2021- 2031F |
6.2.3 Latvia Avermactin Market Revenues & Volume, By Cereals and Grains, 2021- 2031F |
6.2.4 Latvia Avermactin Market Revenues & Volume, By Pulses and Oilseeds, 2021- 2031F |
6.2.5 Latvia Avermactin Market Revenues & Volume, By Turf and Ornamentals, 2021- 2031F |
6.2.6 Latvia Avermactin Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Avermactin Market Import-Export Trade Statistics |
7.1 Latvia Avermactin Market Export to Major Countries |
7.2 Latvia Avermactin Market Imports from Major Countries |
8 Latvia Avermactin Market Key Performance Indicators |
8.1 Percentage increase in organic farming acreage in Latvia |
8.2 Adoption rate of avermectin-based products by farmers |
8.3 Number of research studies on the effectiveness of avermectin in crop protection |
9 Latvia Avermactin Market - Opportunity Assessment |
9.1 Latvia Avermactin Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Avermactin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Avermactin Market - Competitive Landscape |
10.1 Latvia Avermactin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Avermactin 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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