| Product Code: ETC12830197 | Publication Date: Apr 2025 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to rely heavily on imports of industrial starches, with Germany, Lithuania, Italy, Serbia, and Czechia being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 12.67% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -9.73%. This data suggests that while the market for industrial starches in Latvia is growing steadily, there may be some fluctuations in the short term.

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 Industrial Starches Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Industrial Starches Market Revenues & Volume, 2022 & 2032F |
3.3 Latvia Industrial Starches Market - Industry Life Cycle |
3.4 Latvia Industrial Starches Market - Porter's Five Forces |
3.5 Latvia Industrial Starches Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Latvia Industrial Starches Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Latvia Industrial Starches Market Revenues & Volume Share, By End-Use, 2022 & 2032F |
3.8 Latvia Industrial Starches Market Revenues & Volume Share, By Source, 2022 & 2032F |
4 Latvia Industrial Starches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for convenience food products |
4.2.2 Increasing adoption of industrial starches in various industries such as food and beverage, pharmaceuticals, and textiles |
4.2.3 Government support for agricultural activities leading to increased production of raw materials for starch production |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Stringent regulations and quality standards for industrial starches |
4.3.3 Competition from substitute products like modified starches and gums |
5 Latvia Industrial Starches Market Trends |
6 Latvia Industrial Starches Market, By Types |
6.1 Latvia Industrial Starches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Industrial Starches Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Latvia Industrial Starches Market Revenues & Volume, By Native Starch, 2022 - 2032F |
6.1.4 Latvia Industrial Starches Market Revenues & Volume, By Modified Starch, 2022 - 2032F |
6.1.5 Latvia Industrial Starches Market Revenues & Volume, By Resistant Starch, 2022 - 2032F |
6.2 Latvia Industrial Starches Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Industrial Starches Market Revenues & Volume, By Food & Beverage, 2022 - 2032F |
6.2.3 Latvia Industrial Starches Market Revenues & Volume, By Paper & Packaging, 2022 - 2032F |
6.2.4 Latvia Industrial Starches Market Revenues & Volume, By Textile Industry, 2022 - 2032F |
6.3 Latvia Industrial Starches Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Industrial Starches Market Revenues & Volume, By Pharmaceuticals, 2022 - 2032F |
6.3.3 Latvia Industrial Starches Market Revenues & Volume, By Adhesives, 2022 - 2032F |
6.3.4 Latvia Industrial Starches Market Revenues & Volume, By Bioplastics, 2022 - 2032F |
6.4 Latvia Industrial Starches Market, By Source |
6.4.1 Overview and Analysis |
6.4.2 Latvia Industrial Starches Market Revenues & Volume, By Corn, 2022 - 2032F |
6.4.3 Latvia Industrial Starches Market Revenues & Volume, By Potato, 2022 - 2032F |
6.4.4 Latvia Industrial Starches Market Revenues & Volume, By Tapioca, 2022 - 2032F |
7 Latvia Industrial Starches Market Import-Export Trade Statistics |
7.1 Latvia Industrial Starches Market Export to Major Countries |
7.2 Latvia Industrial Starches Market Imports from Major Countries |
8 Latvia Industrial Starches Market Key Performance Indicators |
8.1 Average selling price of industrial starches |
8.2 Adoption rate of industrial starches in new applications |
8.3 Efficiency of production processes in the industrial starch manufacturing industry |
9 Latvia Industrial Starches Market - Opportunity Assessment |
9.1 Latvia Industrial Starches Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Latvia Industrial Starches Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Latvia Industrial Starches Market Opportunity Assessment, By End-Use, 2022 & 2032F |
9.4 Latvia Industrial Starches Market Opportunity Assessment, By Source, 2022 & 2032F |
10 Latvia Industrial Starches Market - Competitive Landscape |
10.1 Latvia Industrial Starches Market Revenue Share, By Companies, 2025 |
10.2 Latvia Industrial Starches 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.
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