| Product Code: ETC7911778 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia continued to rely on imports of GMO corn in 2024, with top exporters being Russia, Lithuania, Poland, Ukraine, and South Africa. Despite a high Herfindahl-Hirschman Index indicating market concentration, the compound annual growth rate (CAGR) remained steady at 2.44% from 2020 to 2024. However, there was a significant decline in growth rate from 2023 to 2024, dropping by -73.11%. This trend suggests potential shifts in market dynamics or regulatory changes impacting GMO corn 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 GMO Corn Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia GMO Corn Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia GMO Corn Market - Industry Life Cycle |
3.4 Latvia GMO Corn Market - Porter's Five Forces |
3.5 Latvia GMO Corn Market Revenues & Volume Share, By Trait, 2021 & 2031F |
3.6 Latvia GMO Corn Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.7 Latvia GMO Corn Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia GMO Corn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for livestock feed in Latvia |
4.2.2 Growing awareness and adoption of genetically modified crops |
4.2.3 Government support for agricultural innovation and biotechnology |
4.3 Market Restraints |
4.3.1 Concerns over environmental impact and biodiversity loss |
4.3.2 Stringent regulations and public resistance towards GMO products |
5 Latvia GMO Corn Market Trends |
6 Latvia GMO Corn Market, By Types |
6.1 Latvia GMO Corn Market, By Trait |
6.1.1 Overview and Analysis |
6.1.2 Latvia GMO Corn Market Revenues & Volume, By Trait, 2021- 2031F |
6.1.3 Latvia GMO Corn Market Revenues & Volume, By Herbicide Tolerant, 2021- 2031F |
6.1.4 Latvia GMO Corn Market Revenues & Volume, By Insect Tolerant, 2021- 2031F |
6.1.5 Latvia GMO Corn Market Revenues & Volume, By Stacked (HT+IT), 2021- 2031F |
6.1.6 Latvia GMO Corn Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia GMO Corn Market, By Sales Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia GMO Corn Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.2.3 Latvia GMO Corn Market Revenues & Volume, By Modern Trade, 2021- 2031F |
6.2.4 Latvia GMO Corn Market Revenues & Volume, By Convenience Store, 2021- 2031F |
6.2.5 Latvia GMO Corn Market Revenues & Volume, By E-Retailers, 2021- 2031F |
6.2.6 Latvia GMO Corn Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia GMO Corn Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia GMO Corn Market Revenues & Volume, By Food, 2021- 2031F |
6.3.3 Latvia GMO Corn Market Revenues & Volume, By Feed & Residual, 2021- 2031F |
6.3.4 Latvia GMO Corn Market Revenues & Volume, By Biodiesel, 2021- 2031F |
6.3.5 Latvia GMO Corn Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia GMO Corn Market Import-Export Trade Statistics |
7.1 Latvia GMO Corn Market Export to Major Countries |
7.2 Latvia GMO Corn Market Imports from Major Countries |
8 Latvia GMO Corn Market Key Performance Indicators |
8.1 Adoption rate of GMO corn seeds by farmers in Latvia |
8.2 Percentage of agricultural land allocated for GMO corn cultivation |
8.3 Investment in research and development of GMO corn varieties |
9 Latvia GMO Corn Market - Opportunity Assessment |
9.1 Latvia GMO Corn Market Opportunity Assessment, By Trait, 2021 & 2031F |
9.2 Latvia GMO Corn Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.3 Latvia GMO Corn Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia GMO Corn Market - Competitive Landscape |
10.1 Latvia GMO Corn Market Revenue Share, By Companies, 2024 |
10.2 Latvia GMO Corn 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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