| Product Code: ETC7912271 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The grains import market in Latvia continued to be dominated by neighboring countries such as Lithuania, Russia, and Estonia in 2024, with Italy and Poland also playing significant roles. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a decline with a negative Compound Annual Growth Rate (CAGR) of -3.97% from 2020 to 2024. Furthermore, the growth rate plummeted by -41.24% from 2023 to 2024, reflecting a challenging year for the grains import industry 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 Grains Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Grains Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Grains Market - Industry Life Cycle |
3.4 Latvia Grains Market - Porter's Five Forces |
3.5 Latvia Grains Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 Latvia Grains Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for organic and non-GMO grains |
4.2.2 Growing awareness about the health benefits of whole grains |
4.2.3 Government support and subsidies for grain producers |
4.3 Market Restraints |
4.3.1 Fluctuating weather conditions affecting crop yields |
4.3.2 Competition from imported grains |
4.3.3 Rising production costs for grain farmers |
5 Latvia Grains Market Trends |
6 Latvia Grains Market, By Types |
6.1 Latvia Grains Market, By Crop Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Grains Market Revenues & Volume, By Crop Type, 2021- 2031F |
6.1.3 Latvia Grains Market Revenues & Volume, By Maize, 2021- 2031F |
6.1.4 Latvia Grains Market Revenues & Volume, By Millet, 2021- 2031F |
6.1.5 Latvia Grains Market Revenues & Volume, By Sorghum, 2021- 2031F |
6.1.6 Latvia Grains Market Revenues & Volume, By Rice, 2021- 2031F |
7 Latvia Grains Market Import-Export Trade Statistics |
7.1 Latvia Grains Market Export to Major Countries |
7.2 Latvia Grains Market Imports from Major Countries |
8 Latvia Grains Market Key Performance Indicators |
8.1 Average selling price of grains in the Latvian market |
8.2 Percentage of organic and non-GMO grains in the market |
8.3 Adoption rate of sustainable farming practices among grain producers |
9 Latvia Grains Market - Opportunity Assessment |
9.1 Latvia Grains Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
10 Latvia Grains Market - Competitive Landscape |
10.1 Latvia Grains Market Revenue Share, By Companies, 2024 |
10.2 Latvia Grains 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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