| Product Code: ETC7905871 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s basil extracts import market in 2024 continued to be dominated by key suppliers such as Spain, Netherlands, UK, Germany, and Poland. The high concentration levels, as indicated by the Herfindahl-Hirschman Index (HHI), suggest a fiercely competitive landscape within the industry. Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, the impressive growth rate of 472.3% from 2023 to 2024 indicates a significant uptick in demand or market activity, potentially signaling new opportunities for both suppliers and buyers in the basil extracts 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 Basil Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Basil Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Basil Extracts Market - Industry Life Cycle |
3.4 Latvia Basil Extracts Market - Porter's Five Forces |
3.5 Latvia Basil Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Basil Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Latvia Basil Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Basil Extracts Market Trends |
6 Latvia Basil Extracts Market, By Types |
6.1 Latvia Basil Extracts Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Basil Extracts Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Basil Extracts Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.1.4 Latvia Basil Extracts Market Revenues & Volume, By Personal Care, 2021- 2031F |
6.1.5 Latvia Basil Extracts Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.1.6 Latvia Basil Extracts Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2 Latvia Basil Extracts Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Basil Extracts Market Revenues & Volume, By Powder, 2021- 2031F |
6.2.3 Latvia Basil Extracts Market Revenues & Volume, By Capsule, 2021- 2031F |
6.2.4 Latvia Basil Extracts Market Revenues & Volume, By Oil, 2021- 2031F |
7 Latvia Basil Extracts Market Import-Export Trade Statistics |
7.1 Latvia Basil Extracts Market Export to Major Countries |
7.2 Latvia Basil Extracts Market Imports from Major Countries |
8 Latvia Basil Extracts Market Key Performance Indicators |
9 Latvia Basil Extracts Market - Opportunity Assessment |
9.1 Latvia Basil Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Basil Extracts Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Latvia Basil Extracts Market - Competitive Landscape |
10.1 Latvia Basil Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Basil Extracts 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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