| Product Code: ETC7915673 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant increase in milk import shipments, with top exporters being Estonia, Poland, Lithuania, Germany, and the Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 22.08% from 2020-2024 reflects a strong upward trend. Notably, the growth rate spiked to 44.13% from 2023-2024, showcasing a rapid acceleration in milk imports for the year. This data suggests a thriving market for milk imports in Latvia, driven by key trading partners in the region.

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 Milk Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Milk Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Milk Market - Industry Life Cycle |
3.4 Latvia Milk Market - Porter's Five Forces |
3.5 Latvia Milk Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Milk Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Milk Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of consuming milk |
4.2.2 Growing demand for dairy products in the food and beverage industry |
4.2.3 Government initiatives to support the dairy sector in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating milk prices due to market volatility |
4.3.2 Competition from alternative plant-based milk products |
4.3.3 Regulatory constraints affecting milk production and distribution |
5 Latvia Milk Market Trends |
6 Latvia Milk Market, By Types |
6.1 Latvia Milk Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Milk Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Milk Market Revenues & Volume, By Skimmed milk powder, 2021- 2031F |
6.1.4 Latvia Milk Market Revenues & Volume, By Liquid milk, 2021- 2031F |
6.1.5 Latvia Milk Market Revenues & Volume, By Whey protein, 2021- 2031F |
6.1.6 Latvia Milk Market Revenues & Volume, By Butter, 2021- 2031F |
6.1.7 Latvia Milk Market Revenues & Volume, By Whey Milk Powder, 2021- 2031F |
6.1.8 Latvia Milk Market Revenues & Volume, By Yogurt, 2021- 2031F |
6.1.9 Latvia Milk Market Revenues & Volume, By Others, 2021- 2031F |
6.1.10 Latvia Milk Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Milk Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Milk Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.3 Latvia Milk Market Revenues & Volume, By Supermarkets & Hypermarkets, 2021- 2031F |
6.2.4 Latvia Milk Market Revenues & Volume, By Online and Others, 2021- 2031F |
7 Latvia Milk Market Import-Export Trade Statistics |
7.1 Latvia Milk Market Export to Major Countries |
7.2 Latvia Milk Market Imports from Major Countries |
8 Latvia Milk Market Key Performance Indicators |
8.1 Average milk yield per cow |
8.2 Percentage of milk produced meeting quality standards |
8.3 Adoption rate of technological advancements in milk production and processing |
9 Latvia Milk Market - Opportunity Assessment |
9.1 Latvia Milk Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Milk Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Milk Market - Competitive Landscape |
10.1 Latvia Milk Market Revenue Share, By Companies, 2024 |
10.2 Latvia Milk 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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