| Product Code: ETC7907057 | 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 biofertilizer import market in Latvia saw significant growth in 2024, with Spain, Lithuania, Estonia, Belgium, and Italy emerging as the top exporting countries. The market experienced a notable shift in concentration levels, transitioning from low concentration in 2023 to very high concentration in 2024. This surge in concentration reflects the increasing dominance of key players in the market. With a strong compound annual growth rate (CAGR) of 7.18% from 2020 to 2024 and an impressive growth rate of 18.7% from 2023 to 2024, the biofertilizer import industry in Latvia is poised for continued expansion and development.

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 Carrier Based Biofertilizer Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Carrier Based Biofertilizer Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Carrier Based Biofertilizer Market - Industry Life Cycle |
3.4 Latvia Carrier Based Biofertilizer Market - Porter's Five Forces |
3.5 Latvia Carrier Based Biofertilizer Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Carrier Based Biofertilizer Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.7 Latvia Carrier Based Biofertilizer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Carrier Based Biofertilizer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about sustainable agriculture practices |
4.2.2 Growing demand for organic food products |
4.2.3 Government initiatives promoting the use of biofertilizers |
4.3 Market Restraints |
4.3.1 Limited availability of carrier materials for biofertilizer production |
4.3.2 Lack of awareness among farmers about the benefits of biofertilizers |
4.3.3 High initial investment costs for setting up biofertilizer production facilities |
5 Latvia Carrier Based Biofertilizer Market Trends |
6 Latvia Carrier Based Biofertilizer Market, By Types |
6.1 Latvia Carrier Based Biofertilizer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Nitrogen-fixing biofertilizers, 2021- 2031F |
6.1.4 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Phosphate solubilizing & mobilizing biofertilizers, 2021- 2031F |
6.1.5 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Potassium solubilizing & mobilizing biofertilizers, 2021- 2031F |
6.2 Latvia Carrier Based Biofertilizer Market, By Crop Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Cereals & grains, 2021- 2031F |
6.2.3 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Pulses & oilseeds, 2021- 2031F |
6.2.4 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Fruits & vegetables, 2021- 2031F |
6.2.5 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Other, 2021- 2031F |
6.3 Latvia Carrier Based Biofertilizer Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Soil treatment, 2021- 2031F |
6.3.3 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Seed treatment, 2021- 2031F |
6.3.4 Latvia Carrier Based Biofertilizer Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Carrier Based Biofertilizer Market Import-Export Trade Statistics |
7.1 Latvia Carrier Based Biofertilizer Market Export to Major Countries |
7.2 Latvia Carrier Based Biofertilizer Market Imports from Major Countries |
8 Latvia Carrier Based Biofertilizer Market Key Performance Indicators |
8.1 Adoption rate of carrier based biofertilizers by farmers |
8.2 Percentage of agricultural land using biofertilizers |
8.3 Research and development investment in biofertilizer technology |
9 Latvia Carrier Based Biofertilizer Market - Opportunity Assessment |
9.1 Latvia Carrier Based Biofertilizer Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Carrier Based Biofertilizer Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.3 Latvia Carrier Based Biofertilizer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Carrier Based Biofertilizer Market - Competitive Landscape |
10.1 Latvia Carrier Based Biofertilizer Market Revenue Share, By Companies, 2024 |
10.2 Latvia Carrier Based Biofertilizer 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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