| Product Code: ETC7907089 | 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 |
Latvia`s cashew import market in 2024 continued to see significant growth, with a high concentration of shipments from top exporting countries such as Côte d`Ivoire, Lithuania, Germany, Vietnam, and the Netherlands. The market displayed a strong Compound Annual Growth Rate (CAGR) of 14.94% from 2020 to 2024, and the growth rate in 2024 alone reached an impressive 27.67%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting that these top exporting countries play a crucial role in meeting Latvia`s cashew import demands.

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 Cashew Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cashew Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cashew Market - Industry Life Cycle |
3.4 Latvia Cashew Market - Porter's Five Forces |
3.5 Latvia Cashew Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Cashew Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Latvia Cashew Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cashew Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of cashews |
4.2.2 Growing demand for plant-based protein sources |
4.2.3 Rising disposable income and changing consumer preferences towards healthy snacks |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw cashew nuts |
4.3.2 Seasonal availability and dependency on import |
4.3.3 Competition from other nuts and snack options |
5 Latvia Cashew Market Trends |
6 Latvia Cashew Market, By Types |
6.1 Latvia Cashew Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cashew Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Cashew Market Revenues & Volume, By Whole, 2021- 2031F |
6.1.4 Latvia Cashew Market Revenues & Volume, By Roasted, 2021- 2031F |
6.1.5 Latvia Cashew Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.6 Latvia Cashew Market Revenues & Volume, By Paste, 2021- 2031F |
6.1.7 Latvia Cashew Market Revenues & Volume, By Splits, 2021- 2031F |
6.2 Latvia Cashew Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cashew Market Revenues & Volume, By Supermarkets, 2021- 2031F |
6.2.3 Latvia Cashew Market Revenues & Volume, By Retailers, 2021- 2031F |
6.2.4 Latvia Cashew Market Revenues & Volume, By Online Stores, 2021- 2031F |
6.2.5 Latvia Cashew Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Cashew Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cashew Market Revenues & Volume, By Dairy Products, 2021- 2031F |
6.3.3 Latvia Cashew Market Revenues & Volume, By Bakery Products, 2021- 2031F |
6.3.4 Latvia Cashew Market Revenues & Volume, By Snacks and Bars, 2021- 2031F |
6.3.5 Latvia Cashew Market Revenues & Volume, By Confectionaries, 2021- 2031F |
6.3.6 Latvia Cashew Market Revenues & Volume, By Cereals, 2021- 2031F |
6.3.7 Latvia Cashew Market Revenues & Volume, By Desserts, 2021- 2031F |
7 Latvia Cashew Market Import-Export Trade Statistics |
7.1 Latvia Cashew Market Export to Major Countries |
7.2 Latvia Cashew Market Imports from Major Countries |
8 Latvia Cashew Market Key Performance Indicators |
8.1 Average selling price of cashews in Latvia |
8.2 Consumer purchase frequency of cashew products |
8.3 Percentage of households incorporating cashews into their regular diet |
8.4 Number of new product launches in the cashew market in Latvia |
8.5 Growth rate of the healthy snacks market in Latvia |
9 Latvia Cashew Market - Opportunity Assessment |
9.1 Latvia Cashew Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Cashew Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Latvia Cashew Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cashew Market - Competitive Landscape |
10.1 Latvia Cashew Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cashew 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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