| Product Code: ETC7916664 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import of nitrogen-fixing biofertilizers in Latvia saw a significant shift in concentration in 2024, with Spain, Lithuania, Estonia, Belgium, and Italy emerging as top exporting countries. The Herfindahl-Hirschman Index (HHI) spiked from low to very high concentration, indicating a more consolidated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 7.18%, with a notable growth rate of 18.7% from 2023 to 2024. This trend suggests a growing demand for biofertilizers in Latvia and a changing competitive landscape among exporting nations.

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 Nitrogen-Fixing Biofertilizers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Nitrogen-Fixing Biofertilizers Market - Industry Life Cycle |
3.4 Latvia Nitrogen-Fixing Biofertilizers Market - Porter's Five Forces |
3.5 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
3.7 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume Share, By Microbe Type, 2021 & 2031F |
4 Latvia Nitrogen-Fixing Biofertilizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about sustainable agriculture practices |
4.2.2 Government initiatives promoting the use of biofertilizers |
4.2.3 Growing demand for organic food products |
4.3 Market Restraints |
4.3.1 Lack of awareness about the benefits of nitrogen-fixing biofertilizers |
4.3.2 Limited availability and accessibility of biofertilizers in rural areas |
4.3.3 High initial costs of nitrogen-fixing biofertilizers compared to conventional fertilizers |
5 Latvia Nitrogen-Fixing Biofertilizers Market Trends |
6 Latvia Nitrogen-Fixing Biofertilizers Market, By Types |
6.1 Latvia Nitrogen-Fixing Biofertilizers Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Liquid, 2021- 2031F |
6.1.4 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Carrier-Based, 2021- 2031F |
6.2 Latvia Nitrogen-Fixing Biofertilizers Market, By Crop Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Cereals and Grains, 2021- 2031F |
6.2.3 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Pulses and Oilseeds, 2021- 2031F |
6.2.4 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Fruits and Vegetables, 2021- 2031F |
6.2.5 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Nitrogen-Fixing Biofertilizers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Seed Treatment, 2021- 2031F |
6.3.3 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Soil Treatment, 2021- 2031F |
6.3.4 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Nitrogen-Fixing Biofertilizers Market, By Microbe Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Rhizobium, 2021- 2031F |
6.4.3 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Azotobacter, 2021- 2031F |
6.4.4 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Azospirillum, 2021- 2031F |
6.4.5 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Cyanobacteria, 2021- 2031F |
6.4.6 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Phosphate-Solubilizing Bacteria, 2021- 2031F |
6.4.7 Latvia Nitrogen-Fixing Biofertilizers Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Nitrogen-Fixing Biofertilizers Market Import-Export Trade Statistics |
7.1 Latvia Nitrogen-Fixing Biofertilizers Market Export to Major Countries |
7.2 Latvia Nitrogen-Fixing Biofertilizers Market Imports from Major Countries |
8 Latvia Nitrogen-Fixing Biofertilizers Market Key Performance Indicators |
8.1 Soil health improvement index |
8.2 Adoption rate of nitrogen-fixing biofertilizers by farmers |
8.3 Yield per hectare increase percentage |
9 Latvia Nitrogen-Fixing Biofertilizers Market - Opportunity Assessment |
9.1 Latvia Nitrogen-Fixing Biofertilizers Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Nitrogen-Fixing Biofertilizers Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
9.3 Latvia Nitrogen-Fixing Biofertilizers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Nitrogen-Fixing Biofertilizers Market Opportunity Assessment, By Microbe Type, 2021 & 2031F |
10 Latvia Nitrogen-Fixing Biofertilizers Market - Competitive Landscape |
10.1 Latvia Nitrogen-Fixing Biofertilizers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Nitrogen-Fixing Biofertilizers 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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