| Product Code: ETC7911603 | 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 |
In 2024, Latvia continued to rely on neighboring countries for its forage imports, with Lithuania, Poland, Belgium, Germany, and Estonia leading the way. Despite a high concentration of imports, the market saw a significant decline in the compound annual growth rate (CAGR) from 2020-24, primarily attributed to various factors impacting the industry. However, there was a remarkable growth spurt in 2024, indicating a potential shift in the market dynamics. It will be essential for stakeholders to closely monitor these trends and adapt their strategies accordingly to capitalize on emerging opportunities in the Latvian forage import market.

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 Forage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Forage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Forage Market - Industry Life Cycle |
3.4 Latvia Forage Market - Porter's Five Forces |
3.5 Latvia Forage Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.6 Latvia Forage Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Forage Market Revenues & Volume Share, By Animal Type, 2021 & 2031F |
4 Latvia Forage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Forage Market Trends |
6 Latvia Forage Market, By Types |
6.1 Latvia Forage Market, By Crop Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Forage Market Revenues & Volume, By Crop Type, 2021- 2031F |
6.1.3 Latvia Forage Market Revenues & Volume, By Cereals, 2021- 2031F |
6.1.4 Latvia Forage Market Revenues & Volume, By Legumes, 2021- 2031F |
6.1.5 Latvia Forage Market Revenues & Volume, By Grasses, 2021- 2031F |
6.2 Latvia Forage Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Forage Market Revenues & Volume, By Stored Forage, 2021- 2031F |
6.2.3 Latvia Forage Market Revenues & Volume, By Fresh Forage, 2021- 2031F |
6.3 Latvia Forage Market, By Animal Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Forage Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.3.3 Latvia Forage Market Revenues & Volume, By Swine, 2021- 2031F |
6.3.4 Latvia Forage Market Revenues & Volume, By Poultry, 2021- 2031F |
6.3.5 Latvia Forage Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Forage Market Import-Export Trade Statistics |
7.1 Latvia Forage Market Export to Major Countries |
7.2 Latvia Forage Market Imports from Major Countries |
8 Latvia Forage Market Key Performance Indicators |
9 Latvia Forage Market - Opportunity Assessment |
9.1 Latvia Forage Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.2 Latvia Forage Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Forage Market Opportunity Assessment, By Animal Type, 2021 & 2031F |
10 Latvia Forage Market - Competitive Landscape |
10.1 Latvia Forage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Forage 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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