| Product Code: ETC5296380 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of orris root extract to Latvia in 2024 saw a shift in concentration from high to moderate levels, with top exporting countries being Ukraine, Russia, Poland, Egypt, and Albania. The compound annual growth rate (CAGR) from 2020 to 2024 was -7.86%, and the growth rate from 2023 to 2024 was -16.71%. This indicates a decline in the import volume of orris root extract to Latvia during this period, highlighting potential challenges or shifts in market dynamics within the industry.

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 Orris Root Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Orris Root Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Orris Root Extract Market - Industry Life Cycle |
3.4 Latvia Orris Root Extract Market - Porter's Five Forces |
3.5 Latvia Orris Root Extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Orris Root Extract Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Orris Root Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness regarding natural and organic ingredients in personal care and cosmetics products |
4.2.2 Increasing demand for plant-based ingredients in the fragrance industry |
4.2.3 Rising interest in traditional herbal remedies and aromatherapy practices |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material availability and pricing |
4.3.2 Lack of standardized quality control measures in the orris root extract market |
4.3.3 Stringent regulations and certifications required for organic and natural products |
5 Latvia Orris Root Extract Market Trends |
6 Latvia Orris Root Extract Market Segmentations |
6.1 Latvia Orris Root Extract Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Orris Root Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.1.3 Latvia Orris Root Extract Market Revenues & Volume, By Oil, 2021-2031F |
6.2 Latvia Orris Root Extract Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Orris Root Extract Market Revenues & Volume, By Perfume, 2021-2031F |
6.2.3 Latvia Orris Root Extract Market Revenues & Volume, By Cuisine, 2021-2031F |
7 Latvia Orris Root Extract Market Import-Export Trade Statistics |
7.1 Latvia Orris Root Extract Market Export to Major Countries |
7.2 Latvia Orris Root Extract Market Imports from Major Countries |
8 Latvia Orris Root Extract Market Key Performance Indicators |
8.1 Percentage of orris root extract used in new product formulations by major cosmetics brands |
8.2 Number of research studies validating the efficacy and benefits of orris root extract in skincare and fragrance applications |
8.3 Growth in the number of companies offering orris root extract-based products in the market |
9 Latvia Orris Root Extract Market - Opportunity Assessment |
9.1 Latvia Orris Root Extract Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Orris Root Extract Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Orris Root Extract Market - Competitive Landscape |
10.1 Latvia Orris Root Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Orris Root Extract 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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