| Product Code: ETC4678595 | 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 |
In 2024, Latvia continued to see a significant influx of beef imports, with key exporting countries being Lithuania, Poland, Netherlands, Germany, and Estonia. The market exhibited a high concentration with a consistently strong Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 18.67%, indicating a robust market expansion. Moreover, the growth rate from 2023 to 2024 stood at 10.82%, signaling continued momentum in beef import shipments to Latvia. This data suggests a sustained demand for imported beef in the Latvian market.

In the Europe region, the Beef market in Latvia is projected to expand at a stable growth rate of 3.86% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Beef Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Beef Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Beef Market - Industry Life Cycle |
3.4 Latvia Beef Market - Porter's Five Forces |
3.5 Latvia Beef Market Revenues & Volume Share, By Beef Cut, 2021 & 2031F |
3.6 Latvia Beef Market Revenues & Volume Share, By Beef Slaughter Method, 2021 & 2031F |
4 Latvia Beef Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of consuming beef products. |
4.2.2 Growth in the foodservice industry leading to higher demand for beef products. |
4.2.3 Implementation of government initiatives supporting the local beef industry. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of beef due to market volatility. |
4.3.2 Competition from substitute products like poultry and pork. |
4.3.3 Regulatory challenges and compliance requirements impacting the beef market. |
5 Latvia Beef Market Trends |
6 Latvia Beef Market Segmentations |
6.1 Latvia Beef Market, By Beef Cut |
6.1.1 Overview and Analysis |
6.1.2 Latvia Beef Market Revenues & Volume, By Brisket, 2021-2031F |
6.1.3 Latvia Beef Market Revenues & Volume, By Shank, 2021-2031F |
6.1.4 Latvia Beef Market Revenues & Volume, By Loin, 2021-2031F |
6.1.5 Latvia Beef Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Beef Market, By Beef Slaughter Method |
6.2.1 Overview and Analysis |
6.2.2 Latvia Beef Market Revenues & Volume, By Kosher, 2021-2031F |
6.2.3 Latvia Beef Market Revenues & Volume, By Halal, 2021-2031F |
6.2.4 Latvia Beef Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Beef Market Import-Export Trade Statistics |
7.1 Latvia Beef Market Export to Major Countries |
7.2 Latvia Beef Market Imports from Major Countries |
8 Latvia Beef Market Key Performance Indicators |
8.1 Average price per kilogram of beef. |
8.2 Consumer sentiment towards beef consumption. |
8.3 Number of new beef product launches in the market. |
8.4 Adoption rate of technology within the beef supply chain. |
8.5 Sustainability practices implemented by beef producers. |
9 Latvia Beef Market - Opportunity Assessment |
9.1 Latvia Beef Market Opportunity Assessment, By Beef Cut, 2021 & 2031F |
9.2 Latvia Beef Market Opportunity Assessment, By Beef Slaughter Method, 2021 & 2031F |
10 Latvia Beef Market - Competitive Landscape |
10.1 Latvia Beef Market Revenue Share, By Companies, 2024 |
10.2 Latvia Beef 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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