| Product Code: ETC7906330 | 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 |
The import shipments of botanicals and acupuncture products in Latvia show a shift in concentration levels, moving from high concentration in 2023 to moderate concentration in 2024. Despite the challenging CAGR of -7.86% from 2020 to 2024 and a steep decline in growth rate of -16.71% from 2023 to 2024, the top countries exporting to Latvia in 2024 include Ukraine, Russia, Poland, Egypt, and Albania. This indicates a diverse sourcing strategy by Latvia, potentially mitigating risks associated with overreliance on any single 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 Botanicals & Acupuncture Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Botanicals & Acupuncture Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Botanicals & Acupuncture Market - Industry Life Cycle |
3.4 Latvia Botanicals & Acupuncture Market - Porter's Five Forces |
3.5 Latvia Botanicals & Acupuncture Market Revenues & Volume Share, By Intervention, 2021 & 2031F |
3.6 Latvia Botanicals & Acupuncture Market Revenues & Volume Share, By Distribution Method, 2021 & 2031F |
4 Latvia Botanicals & Acupuncture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and interest in natural and holistic healthcare solutions |
4.2.2 Growing acceptance and adoption of traditional medicine practices like acupuncture |
4.2.3 Rising demand for botanical products due to their perceived health benefits |
4.3 Market Restraints |
4.3.1 Lack of standardized regulations and certifications for botanicals and acupuncture practices |
4.3.2 Limited availability of skilled practitioners and specialists in the field |
4.3.3 Potential skepticism or lack of trust in alternative medicine approaches among certain segments of the population |
5 Latvia Botanicals & Acupuncture Market Trends |
6 Latvia Botanicals & Acupuncture Market, By Types |
6.1 Latvia Botanicals & Acupuncture Market, By Intervention |
6.1.1 Overview and Analysis |
6.1.2 Latvia Botanicals & Acupuncture Market Revenues & Volume, By Intervention, 2021- 2031F |
6.1.3 Latvia Botanicals & Acupuncture Market Revenues & Volume, By Botanicals, 2021- 2031F |
6.1.4 Latvia Botanicals & Acupuncture Market Revenues & Volume, By Acupuncture, 2021- 2031F |
6.2 Latvia Botanicals & Acupuncture Market, By Distribution Method |
6.2.1 Overview and Analysis |
6.2.2 Latvia Botanicals & Acupuncture Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.2.3 Latvia Botanicals & Acupuncture Market Revenues & Volume, By E-Sales, 2021- 2031F |
6.2.4 Latvia Botanicals & Acupuncture Market Revenues & Volume, By Distance Correspondence, 2021- 2031F |
7 Latvia Botanicals & Acupuncture Market Import-Export Trade Statistics |
7.1 Latvia Botanicals & Acupuncture Market Export to Major Countries |
7.2 Latvia Botanicals & Acupuncture Market Imports from Major Countries |
8 Latvia Botanicals & Acupuncture Market Key Performance Indicators |
8.1 Average number of new botanical products introduced to the market annually |
8.2 Percentage increase in the number of licensed acupuncture practitioners in Latvia |
8.3 Growth in the number of accredited training programs for botanicals and acupuncture |
8.4 Average wait time for appointments with acupuncture practitioners |
8.5 Percentage change in public perception towards botanicals and acupuncture over time |
9 Latvia Botanicals & Acupuncture Market - Opportunity Assessment |
9.1 Latvia Botanicals & Acupuncture Market Opportunity Assessment, By Intervention, 2021 & 2031F |
9.2 Latvia Botanicals & Acupuncture Market Opportunity Assessment, By Distribution Method, 2021 & 2031F |
10 Latvia Botanicals & Acupuncture Market - Competitive Landscape |
10.1 Latvia Botanicals & Acupuncture Market Revenue Share, By Companies, 2024 |
10.2 Latvia Botanicals & Acupuncture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |