| Product Code: ETC4985027 | 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`s cut flowers import market continued to see strong growth in 2024, with top exporters including Netherlands, Poland, Lithuania, Germany, and Italy. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, reflecting the dominance of these key exporting countries. The impressive compound annual growth rate (CAGR) of 18.63% from 2020 to 2024 suggests sustained expansion, while the growth rate of 22.92% in 2024 highlights a particularly robust performance. This data underscores the significance and dynamism of the cut flowers import market 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 Cut Flowers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cut Flowers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cut Flowers Market - Industry Life Cycle |
3.4 Latvia Cut Flowers Market - Porter's Five Forces |
3.5 Latvia Cut Flowers Market Revenues & Volume Share, By Flower Type, 2021 & 2031F |
3.6 Latvia Cut Flowers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Cut Flowers Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Cut Flowers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for locally grown and sustainable cut flowers |
4.2.2 Growing popularity of floral arrangements in events and weddings |
4.2.3 Rising disposable income leading to higher spending on luxury items like cut flowers |
4.3 Market Restraints |
4.3.1 Seasonal availability of certain flower varieties impacting market supply |
4.3.2 Fluctuating prices of raw materials such as fertilizers and pesticides |
5 Latvia Cut Flowers Market Trends |
6 Latvia Cut Flowers Market Segmentations |
6.1 Latvia Cut Flowers Market, By Flower Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cut Flowers Market Revenues & Volume, By Rose, 2021-2031F |
6.1.3 Latvia Cut Flowers Market Revenues & Volume, By Carnation, 2021-2031F |
6.1.4 Latvia Cut Flowers Market Revenues & Volume, By Lilium, 2021-2031F |
6.1.5 Latvia Cut Flowers Market Revenues & Volume, By Chrysanthemum & Gerbera, 2021-2031F |
6.2 Latvia Cut Flowers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cut Flowers Market Revenues & Volume, By Home, 2021-2031F |
6.2.3 Latvia Cut Flowers Market Revenues & Volume, By Commercial, 2021-2031F |
6.3 Latvia Cut Flowers Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cut Flowers Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.3.3 Latvia Cut Flowers Market Revenues & Volume, By Specialty Store/Florists, 2021-2031F |
6.3.4 Latvia Cut Flowers Market Revenues & Volume, By Online Retail, 2021-2031F |
6.3.5 Latvia Cut Flowers Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Cut Flowers Market Import-Export Trade Statistics |
7.1 Latvia Cut Flowers Market Export to Major Countries |
7.2 Latvia Cut Flowers Market Imports from Major Countries |
8 Latvia Cut Flowers Market Key Performance Indicators |
8.1 Average price per unit of cut flowers sold |
8.2 Number of new floral arrangement businesses established annually |
8.3 Percentage of cut flowers sold that are locally sourced |
9 Latvia Cut Flowers Market - Opportunity Assessment |
9.1 Latvia Cut Flowers Market Opportunity Assessment, By Flower Type, 2021 & 2031F |
9.2 Latvia Cut Flowers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Cut Flowers Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Cut Flowers Market - Competitive Landscape |
10.1 Latvia Cut Flowers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cut Flowers 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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