| Product Code: ETC5253155 | Publication Date: Nov 2023 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s import shipments of Cananga odorata (Ylang Ylang) flower oil saw a significant surge in concentration levels in 2024, with top exporters including Belarus, Spain, Italy, Ukraine, and Romania. The high Herfindahl-Hirschman Index (HHI) in 2023 intensified to very high levels in 2024, indicating a more consolidated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 9.07%, while the growth rate from 2023 to 2024 soared by an impressive 161.04%, reflecting a rapidly expanding market for Ylang Ylang oil in Latvia.

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 Cananga Odorata (Ylang Ylang) Flower Oil Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, 2022 & 2032F |
3.3 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market - Industry Life Cycle |
3.4 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market - Porter's Five Forces |
3.5 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for natural and organic products in the personal care and cosmetics industry |
4.2.2 Growing popularity of aromatherapy and essential oils for health and wellness purposes |
4.2.3 Rising demand for sustainable and ethically sourced ingredients in beauty and skincare products |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices and availability of ylang ylang flowers |
4.3.2 Regulatory challenges related to the cultivation and extraction process of ylang ylang oil |
4.3.3 Competition from synthetic fragrances and other natural essential oils |
5 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Trends |
6 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Segmentations |
6.1 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, By Cananga Oil From Forma Macrophyllia, 2022 - 2032F |
6.1.3 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, By Ylang Ylang Oil From Forma Genuine, 2022 - 2032F |
6.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, By Food & Beverages, 2022 - 2032F |
6.2.3 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, By Medical, 2022 - 2032F |
6.2.4 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, By Personal Care, 2022 - 2032F |
6.2.5 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenues & Volume, By Others, 2022 - 2032F |
7 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Import-Export Trade Statistics |
7.1 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Export to Major Countries |
7.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Imports from Major Countries |
8 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Key Performance Indicators |
8.1 Percentage of beauty and skincare products incorporating ylang ylang oil as an ingredient |
8.2 Number of new product launches featuring ylang ylang oil in the personal care industry |
8.3 Growth in the number of aromatherapy practices using ylang ylang oil in therapy sessions |
9 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market - Opportunity Assessment |
9.1 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market - Competitive Landscape |
10.1 Latvia Cananga Odorata (Ylang Ylang) Flower Oil Market Revenue Share, By Companies, 2025 |
10.2 Latvia Cananga Odorata (Ylang Ylang) Flower Oil 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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