| Product Code: ETC7907628 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Latvia citral import market experienced a significant decline in 2024, with a negative Compound Annual Growth Rate (CAGR) of -9.59% over the period of 2020-24. Despite a decrease in growth rate of -29.5% from 2023 to 2024, the market continued to see high concentration levels, with top exporting countries including Germany, Spain, UK, Netherlands, and Metropolitan France. This indicates a competitive market environment, with potential opportunities for market players to explore strategic partnerships and innovations to drive growth in the coming years.

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 Citral Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Citral Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Citral Market - Industry Life Cycle |
3.4 Latvia Citral Market - Porter's Five Forces |
3.5 Latvia Citral Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Citral Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Citral Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Citral Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and organic products in the personal care and cosmetic industry |
4.2.2 Growing awareness about the benefits of citral in fragrance and flavor applications |
4.2.3 Rising disposable income leading to higher spending on premium products |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of citral |
4.3.2 Stringent regulations and standards governing the use of citral in various industries |
5 Latvia Citral Market Trends |
6 Latvia Citral Market, By Types |
6.1 Latvia Citral Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Citral Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Citral Market Revenues & Volume, By Synthesis of Vitamin A & E, 2021- 2031F |
6.1.4 Latvia Citral Market Revenues & Volume, By Lemon Essence, 2021- 2031F |
6.1.5 Latvia Citral Market Revenues & Volume, By Menthol, 2021- 2031F |
6.1.6 Latvia Citral Market Revenues & Volume, By Other Citral Derivatives, 2021- 2031F |
6.2 Latvia Citral Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Citral Market Revenues & Volume, By Natural, 2021- 2031F |
6.2.3 Latvia Citral Market Revenues & Volume, By Synthetic, 2021- 2031F |
6.3 Latvia Citral Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Citral Market Revenues & Volume, By Cosmetics & Personal Care, 2021- 2031F |
6.3.3 Latvia Citral Market Revenues & Volume, By Household Care, 2021- 2031F |
6.3.4 Latvia Citral Market Revenues & Volume, By Laundry Detergents & Cleaners, 2021- 2031F |
6.3.5 Latvia Citral Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.6 Latvia Citral Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.3.7 Latvia Citral Market Revenues & Volume, By Air Care, 2021- 2031F |
7 Latvia Citral Market Import-Export Trade Statistics |
7.1 Latvia Citral Market Export to Major Countries |
7.2 Latvia Citral Market Imports from Major Countries |
8 Latvia Citral Market Key Performance Indicators |
8.1 Market penetration of citral in new application areas |
8.2 Number of new product launches incorporating citral |
8.3 Citral price index reflecting cost trends |
8.4 Consumer sentiment and perception towards citral-containing products |
9 Latvia Citral Market - Opportunity Assessment |
9.1 Latvia Citral Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Citral Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Citral Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Citral Market - Competitive Landscape |
10.1 Latvia Citral Market Revenue Share, By Companies, 2024 |
10.2 Latvia Citral 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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