| Product Code: ETC5080654 | 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 |
In 2024, Latvia`s insecticides import market saw a shift in concentration levels from moderate to low, indicating increased diversification among top exporting countries. Lithuania, Austria, Poland, Estonia, and Metropolitan France emerged as key players in catering to Latvia`s demand for insecticides. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-24 remained strong at 11.71%, reflecting a steady expansion in the market. This dynamic landscape suggests a competitive environment with opportunities for market players to explore and capitalize on.

In the Europe region, the Insecticides market in Latvia is projected to expand at a stable growth rate of 3.97% by 2027. The largest economy is Germany, 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 Insecticides Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Insecticides Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Insecticides Market - Industry Life Cycle |
3.4 Latvia Insecticides Market - Porter's Five Forces |
3.5 Latvia Insecticides Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.6 Latvia Insecticides Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
3.7 Latvia Insecticides Market Revenues & Volume Share, By Forms, 2021 & 2031F |
4 Latvia Insecticides Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for organic and environmentally friendly insecticides due to growing awareness about the impact of chemical pesticides on health and the environment. |
4.2.2 Rising occurrence of pest infestations in agriculture and urban areas, driving the need for effective insecticide solutions. |
4.2.3 Government initiatives supporting integrated pest management practices and sustainable agriculture in Latvia. |
4.3 Market Restraints |
4.3.1 Stringent regulations and restrictions on the use of certain insecticide chemicals, limiting the availability of certain products in the market. |
4.3.2 Competition from alternative pest control methods such as biological controls and crop rotation practices. |
4.3.3 Volatility in raw material prices impacting the production costs of insecticides in Latvia. |
5 Latvia Insecticides Market Trends |
6 Latvia Insecticides Market Segmentations |
6.1 Latvia Insecticides Market, By Crop Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Insecticides Market Revenues & Volume, By Cereals & grains, 2021-2031F |
6.1.3 Latvia Insecticides Market Revenues & Volume, By Oilseeds & pulses, 2021-2031F | 6.1.5 Latvia Insecticides Market Revenues & Volume, By Fruits & vegetables, 2021-2031F |
6.1.5 Latvia Insecticides Market Revenues & Volume, By Other crop types, 2021-2031F |
6.2 Latvia Insecticides Market, By Formulation |
6.2.1 Overview and Analysis | 6.2.2 Latvia Insecticides Market Revenues & Volume, By Wettable powder, 2021-2031F |
6.2.3 Latvia Insecticides Market Revenues & Volume, By Emulsifiable concentrate, 2021-2031F |
6.2.4 Latvia Insecticides Market Revenues & Volume, By Suspension concentrate, 2021-2031F |
6.2.5 Latvia Insecticides Market Revenues & Volume, By Oil emulsion in water, 2021-2031F |
6.2.6 Latvia Insecticides Market Revenues & Volume, By Microencapsulated suspension, 2021-2031F |
6.2.7 Latvia Insecticides Market Revenues & Volume, By Granules, 2021-2031F |
6.3 Latvia Insecticides Market, By Forms |
6.3.1 Overview and Analysis |
6.3.2 Latvia Insecticides Market Revenues & Volume, By Sprays, 2021-2031F |
6.3.3 Latvia Insecticides Market Revenues & Volume, By Baits, 2021-2031F |
6.3.4 Latvia Insecticides Market Revenues & Volume, By Strips, 2021-2031F |
7 Latvia Insecticides Market Import-Export Trade Statistics |
7.1 Latvia Insecticides Market Export to Major Countries |
7.2 Latvia Insecticides Market Imports from Major Countries |
8 Latvia Insecticides Market Key Performance Indicators |
8.1 Adoption rate of integrated pest management practices by farmers and urban pest control services. |
8.2 Rate of innovation in insecticide formulations and technologies in line with environmental and health safety standards. |
8.3 Customer satisfaction and feedback on the effectiveness and safety of insecticide products in the market. |
9 Latvia Insecticides Market - Opportunity Assessment |
9.1 Latvia Insecticides Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.2 Latvia Insecticides Market Opportunity Assessment, By Formulation, 2021 & 2031F |
9.3 Latvia Insecticides Market Opportunity Assessment, By Forms, 2021 & 2031F |
10 Latvia Insecticides Market - Competitive Landscape |
10.1 Latvia Insecticides Market Revenue Share, By Companies, 2024 |
10.2 Latvia Insecticides 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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