Latvia Brandy Market (2025-2031) | Growth, Outlook, Industry, Analysis, Trends, Revenue, Value, Size, Segmentation, Companies, Share & Forecast

Name: Latvia Brandy Market (2025-2031) | Outlook Growth & Size
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Brandy Market, Latvia Brandy Market, Latvia Brandy Market Revenues, Latvia Brandy Market Share, Latvia Brandy Market Size, Latvia Brandy Market Outlook, Latvia Brandy Market Report, Latvia Brandy Market Competition, Latvia Brandy Market Overview, Latvia Brandy Market Trends, Latvia Brandy Market Forecast

Market Forecast By Type (V.S. ("very special"), V.S.O.P. ("very superior old pale"), XO ("extra old"), Hors d`age ("beyond age")), By Applications (Shop & Supermarket, Restaurant & Bar & Club, Exclusive Store, Others) And Competitive Landscape

Product Code: ETC5228417	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 Brandy Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia continues to see a diverse range of brandy import sources, with Armenia, Lithuania, and France leading the pack in 2024. Despite moderate concentration indicated by the HHI, the market experienced a slight decline with a CAGR of -1.6% from 2020 to 2024. The negative growth rate of -7.61% from 2023 to 2024 suggests some challenges in the market, indicating potential shifts in consumer preferences or economic conditions impacting brandy imports to Latvia. Monitoring these trends closely will be crucial for stakeholders in the industry.

Latvia Brandy Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Brandy Market Outlook
Market Size of Latvia Brandy Market, 2024
Forecast of Latvia Brandy Market, 2031
Historical Data and Forecast of Latvia Brandy Revenues & Volume for the Period 2021-2031
Latvia Brandy Market Trend Evolution
Latvia Brandy Market Drivers and Challenges
Latvia Brandy Price Trends
Latvia Brandy Porter`s Five Forces
Latvia Brandy Industry Life Cycle
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By V.S. ("very special") for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By V.S.O.P. ("very superior old pale") for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By XO ("extra old") for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Hors d`age ("beyond age") for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Applications for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Shop & Supermarket for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Restaurant & Bar & Club for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Exclusive Store for the Period 2021-2031
Historical Data and Forecast of Latvia Brandy Market Revenues & Volume By Others for the Period 2021-2031
Latvia Brandy Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Applications
Latvia Brandy Top Companies Market Share
Latvia Brandy Competitive Benchmarking By Technical and Operational Parameters
Latvia Brandy Company Profiles
Latvia Brandy Key Strategic Recommendations

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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 Brandy Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Brandy Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Brandy Market - Industry Life Cycle

3.4 Latvia Brandy Market - Porter's Five Forces

3.5 Latvia Brandy Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Brandy Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 Latvia Brandy Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing consumer interest in premium and artisanal spirits

4.2.2 Increasing disposable income leading to higher spending on luxury goods

4.2.3 Rising popularity of brandy-based cocktails and mixology trends

4.3 Market Restraints

4.3.1 High taxation and import tariffs affecting affordability

4.3.2 Competition from other spirits such as vodka and whisky

4.3.3 Regulatory restrictions on alcohol advertising and promotion

5 Latvia Brandy Market Trends

6 Latvia Brandy Market Segmentations

6.1 Latvia Brandy Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Brandy Market Revenues & Volume, By V.S. ("very special"), 2021-2031F

6.1.3 Latvia Brandy Market Revenues & Volume, By V.S.O.P. ("very superior old pale"), 2021-2031F

6.1.4 Latvia Brandy Market Revenues & Volume, By XO ("extra old"), 2021-2031F

6.1.5 Latvia Brandy Market Revenues & Volume, By Hors d'age ("beyond age"), 2021-2031F

6.2 Latvia Brandy Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Latvia Brandy Market Revenues & Volume, By Shop & Supermarket, 2021-2031F

6.2.3 Latvia Brandy Market Revenues & Volume, By Restaurant & Bar & Club, 2021-2031F

6.2.4 Latvia Brandy Market Revenues & Volume, By Exclusive Store, 2021-2031F

6.2.5 Latvia Brandy Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Brandy Market Import-Export Trade Statistics

7.1 Latvia Brandy Market Export to Major Countries

7.2 Latvia Brandy Market Imports from Major Countries

8 Latvia Brandy Market Key Performance Indicators

8.1 Average price per unit of Latvia brandy

8.2 Number of brandy-focused bars and restaurants in Latvia

8.3 Consumer sentiment towards brandy as a preferred spirit choice

8.4 Percentage of brandy sales in the overall spirits market

8.5 Number of brandy distilleries and brands in Latvia

9 Latvia Brandy Market - Opportunity Assessment

9.1 Latvia Brandy Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Brandy Market Opportunity Assessment, By Applications, 2021 & 2031F

10 Latvia Brandy Market - Competitive Landscape

10.1 Latvia Brandy Market Revenue Share, By Companies, 2024

10.2 Latvia Brandy Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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