| Product Code: ETC7917118 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of olibanum gum saw significant growth in 2024, with top exporting countries including Germany, Metropolitan France, Lithuania, Italy, and Spain. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 86.1% from 2020 to 2024 highlights the increasing demand for this product. Moreover, the remarkable growth rate of 123.29% from 2023 to 2024 suggests a surge in import shipments, signaling potential opportunities for market expansion and development in the olibanum gum industry in Latvia.

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 Olibanum Gum Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Olibanum Gum Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Olibanum Gum Market - Industry Life Cycle |
3.4 Latvia Olibanum Gum Market - Porter's Five Forces |
3.5 Latvia Olibanum Gum Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Olibanum Gum Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Olibanum Gum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for natural and organic products in the cosmetics and personal care industry |
4.2.2 Increasing awareness about the health benefits of olibanum gum in traditional medicine and aromatherapy |
4.2.3 Rise in disposable income leading to higher spending on luxury and premium skincare products |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality olibanum gum due to fluctuations in supply and production challenges |
4.3.2 Price volatility of olibanum gum impacting the affordability for manufacturers and consumers |
5 Latvia Olibanum Gum Market Trends |
6 Latvia Olibanum Gum Market, By Types |
6.1 Latvia Olibanum Gum Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Olibanum Gum Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Olibanum Gum Market Revenues & Volume, By Tigraye, 2021- 2031F |
6.1.4 Latvia Olibanum Gum Market Revenues & Volume, By Ogaden, 2021- 2031F |
6.1.5 Latvia Olibanum Gum Market Revenues & Volume, By Borena, 2021- 2031F |
6.2 Latvia Olibanum Gum Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Olibanum Gum Market Revenues & Volume, By Perfume, 2021- 2031F |
6.2.3 Latvia Olibanum Gum Market Revenues & Volume, By Incense, 2021- 2031F |
6.2.4 Latvia Olibanum Gum Market Revenues & Volume, By Soap, 2021- 2031F |
6.2.5 Latvia Olibanum Gum Market Revenues & Volume, By Insecticide, 2021- 2031F |
6.2.6 Latvia Olibanum Gum Market Revenues & Volume, By Confectionary, 2021- 2031F |
6.2.7 Latvia Olibanum Gum Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Olibanum Gum Market Import-Export Trade Statistics |
7.1 Latvia Olibanum Gum Market Export to Major Countries |
7.2 Latvia Olibanum Gum Market Imports from Major Countries |
8 Latvia Olibanum Gum Market Key Performance Indicators |
8.1 Number of new product launches containing olibanum gum in the cosmetics and personal care sector |
8.2 Consumer sentiment and perception towards olibanum gum-based products through surveys and reviews |
8.3 Research and development investment in exploring new applications and formulations using olibanum gum |
9 Latvia Olibanum Gum Market - Opportunity Assessment |
9.1 Latvia Olibanum Gum Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Olibanum Gum Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Olibanum Gum Market - Competitive Landscape |
10.1 Latvia Olibanum Gum Market Revenue Share, By Companies, 2024 |
10.2 Latvia Olibanum Gum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |