| Product Code: ETC12143797 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The face compact import market in Latvia experienced significant growth in 2024, with top exporting countries being Germany, Poland, China, Lithuania, and Belgium. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), increased from moderate to high in 2024, indicating a more consolidated market landscape. The impressive compound annual growth rate (CAGR) of 20.6% from 2020 to 2024 highlights the strong demand for face compacts in Latvia. Moreover, the remarkable growth rate of 50.25% from 2023 to 2024 suggests a surge in import shipments, signaling a thriving market for face compact products in the country.

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 Face Compact Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Face Compact Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Face Compact Market - Industry Life Cycle |
3.4 Latvia Face Compact Market - Porter's Five Forces |
3.5 Latvia Face Compact Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Face Compact Market Revenues & Volume Share, By Type of Formula, 2021 & 2031F |
3.7 Latvia Face Compact Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Face Compact Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Face Compact Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Face Compact Market Trends |
6 Latvia Face Compact Market, By Types |
6.1 Latvia Face Compact Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Face Compact Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Face Compact Market Revenues & Volume, By Powder Compacts, 2021 - 2031F |
6.1.4 Latvia Face Compact Market Revenues & Volume, By Cream Compacts, 2021 - 2031F |
6.1.5 Latvia Face Compact Market Revenues & Volume, By Mineral Compacts, 2021 - 2031F |
6.1.6 Latvia Face Compact Market Revenues & Volume, By Pressed Powder Compacts, 2021 - 2031F |
6.2 Latvia Face Compact Market, By Type of Formula |
6.2.1 Overview and Analysis |
6.2.2 Latvia Face Compact Market Revenues & Volume, By Pressed Powder and Loose Powder, 2021 - 2031F |
6.2.3 Latvia Face Compact Market Revenues & Volume, By Cream-based Formulation, 2021 - 2031F |
6.2.4 Latvia Face Compact Market Revenues & Volume, By Mineral-based Powder, 2021 - 2031F |
6.2.5 Latvia Face Compact Market Revenues & Volume, By Oil-absorbing Powders, 2021 - 2031F |
6.3 Latvia Face Compact Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Face Compact Market Revenues & Volume, By Women and Teenagers, 2021 - 2031F |
6.3.3 Latvia Face Compact Market Revenues & Volume, By Mature Skin and Dry Skin, 2021 - 2031F |
6.3.4 Latvia Face Compact Market Revenues & Volume, By Sensitive Skin and Eco-conscious Consumers, 2021 - 2031F |
6.3.5 Latvia Face Compact Market Revenues & Volume, By Oil-prone Skin and Teenagers, 2021 - 2031F |
6.4 Latvia Face Compact Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Face Compact Market Revenues & Volume, By Skin Coverage, 2021 - 2031F |
6.4.3 Latvia Face Compact Market Revenues & Volume, By Moisturizing and Hydration, 2021 - 2031F |
6.4.4 Latvia Face Compact Market Revenues & Volume, By Lightweight Coverage, 2021 - 2031F |
6.4.5 Latvia Face Compact Market Revenues & Volume, By Oil Control, 2021 - 2031F |
7 Latvia Face Compact Market Import-Export Trade Statistics |
7.1 Latvia Face Compact Market Export to Major Countries |
7.2 Latvia Face Compact Market Imports from Major Countries |
8 Latvia Face Compact Market Key Performance Indicators |
9 Latvia Face Compact Market - Opportunity Assessment |
9.1 Latvia Face Compact Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Face Compact Market Opportunity Assessment, By Type of Formula, 2021 & 2031F |
9.3 Latvia Face Compact Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Face Compact Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Face Compact Market - Competitive Landscape |
10.1 Latvia Face Compact Market Revenue Share, By Companies, 2024 |
10.2 Latvia Face Compact 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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