| Product Code: ETC4808536 | 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 |
Latvia`s maple syrup import market in 2024 continued to be dominated by top exporting countries like Sweden, Germany, Canada, Estonia, and the Netherlands, contributing to high concentration levels measured by the HHI. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 2.29%, with a notable growth spike of 3.98% from 2023 to 2024. These trends indicate a steady demand for maple syrup in Latvia, with potential opportunities for further market expansion and diversification in the coming years.

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 Maple syrup Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Maple syrup Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Maple syrup Market - Industry Life Cycle |
3.4 Latvia Maple syrup Market - Porter's Five Forces |
3.5 Latvia Maple syrup Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Latvia Maple syrup Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Maple syrup Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Maple syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and interest in natural and organic food products |
4.2.2 Growing popularity of maple syrup as a healthier alternative to artificial sweeteners |
4.2.3 Rising demand for unique and premium food products in the Latvian market |
4.3 Market Restraints |
4.3.1 Limited availability of maple trees suitable for syrup production in Latvia |
4.3.2 Seasonal nature of maple syrup production leading to supply fluctuations |
4.3.3 Competition from other sweeteners and syrups in the market |
5 Latvia Maple syrup Market Trends |
6 Latvia Maple syrup Market Segmentations |
6.1 Latvia Maple syrup Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Maple syrup Market Revenues & Volume, By Red Maple, 2021-2031F |
6.1.3 Latvia Maple syrup Market Revenues & Volume, By Black Maple, 2021-2031F |
6.1.4 Latvia Maple syrup Market Revenues & Volume, By Sugar Maple, 2021-2031F |
6.2 Latvia Maple syrup Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Maple syrup Market Revenues & Volume, By Baking Powder, 2021-2031F |
6.2.3 Latvia Maple syrup Market Revenues & Volume, By Waffles, 2021-2031F |
6.2.4 Latvia Maple syrup Market Revenues & Volume, By Pancakes, 2021-2031F |
6.2.5 Latvia Maple syrup Market Revenues & Volume, By French Toast, 2021-2031F |
6.2.6 Latvia Maple syrup Market Revenues & Volume, By Oatmeal, 2021-2031F |
6.3 Latvia Maple syrup Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Maple syrup Market Revenues & Volume, By Online Stores, 2021-2031F |
6.3.3 Latvia Maple syrup Market Revenues & Volume, By Retail Stores, 2021-2031F |
6.3.4 Latvia Maple syrup Market Revenues & Volume, By Super/Hypermarket, 2021-2031F |
7 Latvia Maple syrup Market Import-Export Trade Statistics |
7.1 Latvia Maple syrup Market Export to Major Countries |
7.2 Latvia Maple syrup Market Imports from Major Countries |
8 Latvia Maple syrup Market Key Performance Indicators |
8.1 Average price of maple syrup in Latvia |
8.2 Number of maple syrup producers in Latvia |
8.3 Consumer sentiment towards maple syrup as a premium food product |
8.4 Percentage of food retailers offering maple syrup in their product range |
8.5 Amount of maple syrup imports into Latvia |
9 Latvia Maple syrup Market - Opportunity Assessment |
9.1 Latvia Maple syrup Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Latvia Maple syrup Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Maple syrup Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Maple syrup Market - Competitive Landscape |
10.1 Latvia Maple syrup Market Revenue Share, By Companies, 2024 |
10.2 Latvia Maple syrup 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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