| Product Code: ETC5680465 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate from the previous year, Latvia continues to show a strong demand for herbicides, with key importing countries such as Poland, Denmark, and Lithuania maintaining their top positions in 2024. The high concentration of market share, as indicated by the Herfindahl-Hirschman Index (HHI), suggests a competitive landscape among these exporters. With a healthy compound annual growth rate (CAGR) of 7.73% from 2020 to 2024, the herbicides market in Latvia is expected to remain robust in the coming years, offering opportunities for both domestic and international suppliers.

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 Herbicides? Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Herbicides? Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Herbicides? Market - Industry Life Cycle |
3.4 Latvia Herbicides? Market - Porter's Five Forces |
3.5 Latvia Herbicides? Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Herbicides? Market Revenues & Volume Share, By Mode of Action, 2021 & 2031F |
3.7 Latvia Herbicides? Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 Latvia Herbicides? Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of modern farming practices in Latvia |
4.2.2 Growing awareness about the benefits of herbicides in enhancing crop yield |
4.2.3 Government initiatives to promote sustainable agriculture practices |
4.3 Market Restraints |
4.3.1 Stringent regulations on the use of herbicides in agriculture |
4.3.2 Concerns about environmental impact and health hazards associated with herbicide usage |
5 Latvia Herbicides? Market Trends |
6 Latvia Herbicides? Market Segmentations |
6.1 Latvia Herbicides? Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Herbicides? Market Revenues & Volume, By Glyphosate, 2021-2031F |
6.1.3 Latvia Herbicides? Market Revenues & Volume, By 2, 4-D, 2021-2031F |
6.1.4 Latvia Herbicides? Market Revenues & Volume, By Diquat, 2021-2031F |
6.1.5 Latvia Herbicides? Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Herbicides? Market, By Mode of Action |
6.2.1 Overview and Analysis |
6.2.2 Latvia Herbicides? Market Revenues & Volume, By Non-Selective, 2021-2031F |
6.2.3 Latvia Herbicides? Market Revenues & Volume, By Selective, 2021-2031F |
6.3 Latvia Herbicides? Market, By Crop Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Herbicides? Market Revenues & Volume, By Cereals & Grains, 2021-2031F |
6.3.3 Latvia Herbicides? Market Revenues & Volume, By Oilseeds & Pulses, 2021-2031F | 6.3.4 Latvia Herbicides? Market Revenues & Volume, By Fruits & Vegetables, 2021-2031F |
6.3.5 Latvia Herbicides? Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Herbicides? Market Import-Export Trade Statistics |
7.1 Latvia Herbicides? Market Export to Major Countries |
7.2 Latvia Herbicides? Market Imports from Major Countries |
8 Latvia Herbicides? Market Key Performance Indicators |
8.1 Adoption rate of integrated weed management practices |
8.2 Percentage of farmers using herbicide-resistant crop varieties |
8.3 Investment in research and development of eco-friendly herbicides |
9 Latvia Herbicides? Market - Opportunity Assessment |
9.1 Latvia Herbicides? Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Herbicides? Market Opportunity Assessment, By Mode of Action, 2021 & 2031F |
9.3 Latvia Herbicides? Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
10 Latvia Herbicides? Market - Competitive Landscape |
10.1 Latvia Herbicides? Market Revenue Share, By Companies, 2024 |
10.2 Latvia Herbicides? 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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