| Product Code: ETC12901813 | 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 |
In 2024, Latvia continued to heavily rely on maize imports, with Russia, Lithuania, Poland, Ukraine, and South Africa being the top exporters. Despite a concerning high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 was steady at 2.44%. However, the sharp decline in growth rate from 2023 to 2024 by -73.11% suggests potential challenges or shifts in the maize import market dynamics for Latvia. Stakeholders should closely monitor these trends to make informed decisions and strategies moving forward.

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 Maize Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Maize Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Maize Market - Industry Life Cycle |
3.4 Latvia Maize Market - Porter's Five Forces |
3.5 Latvia Maize Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Maize Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Maize Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Maize Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Maize Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for maize-based products in the food industry |
4.2.2 Favorable government policies supporting maize cultivation |
4.2.3 Increasing use of maize in animal feed production |
4.3 Market Restraints |
4.3.1 Fluctuating weather conditions affecting maize crop yield |
4.3.2 Competition from other staple crops like wheat and barley |
4.3.3 Price volatility in the global maize market impacting local prices |
5 Latvia Maize Market Trends |
6 Latvia Maize Market, By Types |
6.1 Latvia Maize Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Maize Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Maize Market Revenues & Volume, By Yellow Maize, 2021 - 2031F |
6.1.4 Latvia Maize Market Revenues & Volume, By White Maize, 2021 - 2031F |
6.1.5 Latvia Maize Market Revenues & Volume, By Sweet Corn, 2021 - 2031F |
6.2 Latvia Maize Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Maize Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
6.2.3 Latvia Maize Market Revenues & Volume, By Human Consumption, 2021 - 2031F |
6.2.4 Latvia Maize Market Revenues & Volume, By Fresh Produce, 2021 - 2031F |
6.3 Latvia Maize Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Maize Market Revenues & Volume, By Livestock, 2021 - 2031F |
6.3.3 Latvia Maize Market Revenues & Volume, By Food Industry, 2021 - 2031F |
6.3.4 Latvia Maize Market Revenues & Volume, By Retail Consumers, 2021 - 2031F |
6.4 Latvia Maize Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Maize Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.4.3 Latvia Maize Market Revenues & Volume, By Online Sales, 2021 - 2031F |
6.4.4 Latvia Maize Market Revenues & Volume, By Distributors, 2021 - 2031F |
7 Latvia Maize Market Import-Export Trade Statistics |
7.1 Latvia Maize Market Export to Major Countries |
7.2 Latvia Maize Market Imports from Major Countries |
8 Latvia Maize Market Key Performance Indicators |
8.1 Average maize yield per hectare |
8.2 Maize production growth rate |
8.3 Adoption rate of modern agricultural practices in maize cultivation |
9 Latvia Maize Market - Opportunity Assessment |
9.1 Latvia Maize Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Maize Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Maize Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Maize Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Maize Market - Competitive Landscape |
10.1 Latvia Maize Market Revenue Share, By Companies, 2024 |
10.2 Latvia Maize 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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