| Product Code: ETC7911605 | 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 forages import market in 2024 continued to be dominated by neighboring countries such as Lithuania, Poland, and Estonia, along with Belgium and Germany. Despite a high concentration in market share, the industry experienced a significant decline in the Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -29.9%. However, there was a notable surge in growth from 2023 to 2024 with a growth rate of 181.98%, indicating potential shifts and opportunities in the market dynamics for forages imports 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 Forages Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Forages Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Forages Market - Industry Life Cycle |
3.4 Latvia Forages Market - Porter's Five Forces |
3.5 Latvia Forages Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Forages Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.7 Latvia Forages Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.8 Latvia Forages Market Revenues & Volume Share, By Animal Type, 2021 & 2031F |
3.9 Latvia Forages Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Forages Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Forages Market Trends |
6 Latvia Forages Market, By Types |
6.1 Latvia Forages Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Forages Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Forages Market Revenues & Volume, By Store Forage, 2021- 2031F |
6.1.4 Latvia Forages Market Revenues & Volume, By Fresh Forage, 2021- 2031F |
6.2 Latvia Forages Market, By Crop Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Forages Market Revenues & Volume, By Cereals, 2021- 2031F |
6.2.3 Latvia Forages Market Revenues & Volume, By Legumes, 2021- 2031F |
6.2.4 Latvia Forages Market Revenues & Volume, By Grasses, 2021- 2031F |
6.3 Latvia Forages Market, By Products |
6.3.1 Overview and Analysis |
6.3.2 Latvia Forages Market Revenues & Volume, By Ration, 2021- 2031F |
6.3.3 Latvia Forages Market Revenues & Volume, By Hay, 2021- 2031F |
6.3.4 Latvia Forages Market Revenues & Volume, By Silage, 2021- 2031F |
6.3.5 Latvia Forages Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Forages Market, By Animal Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Forages Market Revenues & Volume, By Ruminants, 2021- 2031F |
6.4.3 Latvia Forages Market Revenues & Volume, By Swine, 2021- 2031F |
6.4.4 Latvia Forages Market Revenues & Volume, By Poultry, 2021- 2031F |
6.4.5 Latvia Forages Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Latvia Forages Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Forages Market Revenues & Volume, By Dairy, 2021- 2031F |
6.5.3 Latvia Forages Market Revenues & Volume, By Crops, 2021- 2031F |
6.5.4 Latvia Forages Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Forages Market Import-Export Trade Statistics |
7.1 Latvia Forages Market Export to Major Countries |
7.2 Latvia Forages Market Imports from Major Countries |
8 Latvia Forages Market Key Performance Indicators |
9 Latvia Forages Market - Opportunity Assessment |
9.1 Latvia Forages Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Forages Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.3 Latvia Forages Market Opportunity Assessment, By Products, 2021 & 2031F |
9.4 Latvia Forages Market Opportunity Assessment, By Animal Type, 2021 & 2031F |
9.5 Latvia Forages Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Forages Market - Competitive Landscape |
10.1 Latvia Forages Market Revenue Share, By Companies, 2024 |
10.2 Latvia Forages 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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