| Product Code: ETC4837929 | 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 frozen potato import market in 2024 continued to be dominated by key exporters such as Netherlands, Belgium, Germany, Lithuania, and Czechia. Despite a decrease in market concentration from very high to high, the high Herfindahl-Hirschman Index (HHI) suggests significant market power among these top exporting countries. With a remarkable compound annual growth rate (CAGR) of 42.66% from 2020 to 2024 and a steady growth rate of 3.24% in 2024, the frozen potato import market in Latvia remains dynamic and competitive, offering opportunities for both suppliers and buyers to capitalize on this growing demand.

By 2027, Latvia's Frozen Potato market is forecasted to achieve a stable growth rate of 3.99%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Frozen Potato Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Frozen Potato Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Frozen Potato Market - Industry Life Cycle |
3.4 Latvia Frozen Potato Market - Porter's Five Forces |
3.5 Latvia Frozen Potato Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Frozen Potato Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Frozen Potato Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for convenient and ready-to-cook food products |
4.2.2 Growth in the food service industry leading to higher demand for frozen potato products |
4.2.3 Rising awareness about the nutritional value and convenience of frozen potato products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from fresh potato products |
4.3.3 Stringent regulations and compliance requirements in the food processing industry |
5 Latvia Frozen Potato Market Trends |
6 Latvia Frozen Potato Market Segmentations |
6.1 Latvia Frozen Potato Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Frozen Potato Market Revenues & Volume, By French Fries, 2021-2031F |
6.1.3 Latvia Frozen Potato Market Revenues & Volume, By Hash Brown, 2021-2031F |
6.1.4 Latvia Frozen Potato Market Revenues & Volume, By Shapes, 2021-2031F |
6.1.5 Latvia Frozen Potato Market Revenues & Volume, By Mashed, 2021-2031F |
6.1.6 Latvia Frozen Potato Market Revenues & Volume, By Sweet Potatoes/Yam, 2021-2031F |
6.1.7 Latvia Frozen Potato Market Revenues & Volume, By Battered/Cooked, 2021-2031F |
6.1.9 Latvia Frozen Potato Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Frozen Potato Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Frozen Potato Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Latvia Frozen Potato Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Latvia Frozen Potato Market Revenues & Volume, By Commercial, 2021-2031F |
7 Latvia Frozen Potato Market Import-Export Trade Statistics |
7.1 Latvia Frozen Potato Market Export to Major Countries |
7.2 Latvia Frozen Potato Market Imports from Major Countries |
8 Latvia Frozen Potato Market Key Performance Indicators |
8.1 Average selling price (ASP) of frozen potato products |
8.2 Consumer awareness and perception surveys on frozen potato products |
8.3 Percentage of market penetration in the food service industry. |
9 Latvia Frozen Potato Market - Opportunity Assessment |
9.1 Latvia Frozen Potato Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Frozen Potato Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Frozen Potato Market - Competitive Landscape |
10.1 Latvia Frozen Potato Market Revenue Share, By Companies, 2024 |
10.2 Latvia Frozen Potato 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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