| Product Code: ETC12535861 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s import of lima beans saw a steady growth trajectory from 2020 to 2024 with a Compound Annual Growth Rate (CAGR) of 8.57%. In 2024, the top exporting countries to Latvia were Belgium, Poland, Ethiopia, Lithuania, and Uzbekistan. The Herfindahl-Hirschman Index (HHI) for the market concentration decreased from moderate in 2023 to low in 2024, indicating a more competitive market landscape. The impressive growth rate of 8.29% from 2023 to 2024 highlights the increasing demand for lima beans in Latvia, offering opportunities for exporters to capitalize on this trend.

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 Lima Beans Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Lima Beans Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Lima Beans Market - Industry Life Cycle |
3.4 Latvia Lima Beans Market - Porter's Five Forces |
3.5 Latvia Lima Beans Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 Latvia Lima Beans Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Lima Beans Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Lima Beans Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Lima Beans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of lima beans |
4.2.2 Growing demand for plant-based protein sources |
4.2.3 Expansion of retail channels and online platforms for lima bean distribution |
4.3 Market Restraints |
4.3.1 Seasonal variability in lima bean production affecting supply |
4.3.2 Price fluctuations in raw materials impacting production costs |
4.3.3 Competition from other legumes and plant-based protein sources |
5 Latvia Lima Beans Market Trends |
6 Latvia Lima Beans Market, By Types |
6.1 Latvia Lima Beans Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Lima Beans Market Revenues & Volume, By Technology Type, 2021 - 2031F |
6.1.3 Latvia Lima Beans Market Revenues & Volume, By Organic Farming, 2021 - 2031F |
6.1.4 Latvia Lima Beans Market Revenues & Volume, By Conventional Farming, 2021 - 2031F |
6.2 Latvia Lima Beans Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Lima Beans Market Revenues & Volume, By Culinary Uses, 2021 - 2031F |
6.2.3 Latvia Lima Beans Market Revenues & Volume, By Food Processing, 2021 - 2031F |
6.2.4 Latvia Lima Beans Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
6.2.5 Latvia Lima Beans Market Revenues & Volume, By Agricultural Seed, 2021 - 2031F |
6.3 Latvia Lima Beans Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Lima Beans Market Revenues & Volume, By Households, 2021 - 2031F |
6.3.3 Latvia Lima Beans Market Revenues & Volume, By Food Manufacturers, 2021 - 2031F |
6.3.4 Latvia Lima Beans Market Revenues & Volume, By Livestock Farmers, 2021 - 2031F |
6.3.5 Latvia Lima Beans Market Revenues & Volume, By Farmers, 2021 - 2031F |
6.4 Latvia Lima Beans Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Lima Beans Market Revenues & Volume, By Dried Lima Beans, 2021 - 2031F |
6.4.3 Latvia Lima Beans Market Revenues & Volume, By Canned Lima Beans, 2021 - 2031F |
6.4.4 Latvia Lima Beans Market Revenues & Volume, By Frozen Lima Beans, 2021 - 2031F |
6.4.5 Latvia Lima Beans Market Revenues & Volume, By Fresh Lima Beans, 2021 - 2031F |
7 Latvia Lima Beans Market Import-Export Trade Statistics |
7.1 Latvia Lima Beans Market Export to Major Countries |
7.2 Latvia Lima Beans Market Imports from Major Countries |
8 Latvia Lima Beans Market Key Performance Indicators |
8.1 Average selling price of lima beans |
8.2 Number of new product launches featuring lima beans |
8.3 Consumer engagement on social media platforms for lima bean-related content |
9 Latvia Lima Beans Market - Opportunity Assessment |
9.1 Latvia Lima Beans Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 Latvia Lima Beans Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Lima Beans Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Lima Beans Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Lima Beans Market - Competitive Landscape |
10.1 Latvia Lima Beans Market Revenue Share, By Companies, 2024 |
10.2 Latvia Lima Beans 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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