| Product Code: ETC7917953 | 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 continued to rely on imports of pangasius (basa) primarily from Vietnam, Lithuania, Germany, Poland, and the Netherlands. The high concentration of imports observed in 2023 persisted in 2024, indicating a competitive market landscape. However, the overall compound annual growth rate (CAGR) from 2020 to 2024 was slightly negative at -0.1%, with a significant decline in growth rate from 2023 to 2024 at -32.25%. This suggests a challenging environment for the pangasius market in Latvia, potentially impacted by changing consumer preferences or external factors.

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 Pangasius (Basa) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pangasius (Basa) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pangasius (Basa) Market - Industry Life Cycle |
3.4 Latvia Pangasius (Basa) Market - Porter's Five Forces |
3.5 Latvia Pangasius (Basa) Market Revenues & Volume Share, By Culture Type, 2021 & 2031F |
3.6 Latvia Pangasius (Basa) Market Revenues & Volume Share, By Feed Type, 2021 & 2031F |
3.7 Latvia Pangasius (Basa) Market Revenues & Volume Share, By Rearing Method, 2021 & 2031F |
3.8 Latvia Pangasius (Basa) Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Pangasius (Basa) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of consuming pangasius (basa) fish |
4.2.2 Growing demand for affordable and versatile protein sources |
4.2.3 Expansion of retail distribution channels for seafood products in Latvia |
4.3 Market Restraints |
4.3.1 Concerns regarding the environmental impact of pangasius (basa) fish farming practices |
4.3.2 Competition from other seafood products in the Latvian market |
5 Latvia Pangasius (Basa) Market Trends |
6 Latvia Pangasius (Basa) Market, By Types |
6.1 Latvia Pangasius (Basa) Market, By Culture Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pangasius (Basa) Market Revenues & Volume, By Culture Type, 2021- 2031F |
6.1.3 Latvia Pangasius (Basa) Market Revenues & Volume, By Fresh Water, 2021- 2031F |
6.1.4 Latvia Pangasius (Basa) Market Revenues & Volume, By Brackish Water, 2021- 2031F |
6.2 Latvia Pangasius (Basa) Market, By Feed Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pangasius (Basa) Market Revenues & Volume, By Commercial Pellets, 2021- 2031F |
6.2.3 Latvia Pangasius (Basa) Market Revenues & Volume, By Home-Made Pellets, 2021- 2031F |
6.3 Latvia Pangasius (Basa) Market, By Rearing Method |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pangasius (Basa) Market Revenues & Volume, By Ponds, 2021- 2031F |
6.3.3 Latvia Pangasius (Basa) Market Revenues & Volume, By Floating Cage, 2021- 2031F |
6.4 Latvia Pangasius (Basa) Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Pangasius (Basa) Market Revenues & Volume, By Processed, 2021- 2031F |
6.4.3 Latvia Pangasius (Basa) Market Revenues & Volume, By Raw, 2021- 2031F |
6.4.4 Latvia Pangasius (Basa) Market Revenues & Volume, By Value-Added, 2021- 2031F |
7 Latvia Pangasius (Basa) Market Import-Export Trade Statistics |
7.1 Latvia Pangasius (Basa) Market Export to Major Countries |
7.2 Latvia Pangasius (Basa) Market Imports from Major Countries |
8 Latvia Pangasius (Basa) Market Key Performance Indicators |
8.1 Average retail price of pangasius (basa) fish in Latvia |
8.2 Number of new product launches or variations of pangasius (basa) products in the market |
8.3 Consumer sentiment and perception towards pangasius (basa) fish in Latvia |
9 Latvia Pangasius (Basa) Market - Opportunity Assessment |
9.1 Latvia Pangasius (Basa) Market Opportunity Assessment, By Culture Type, 2021 & 2031F |
9.2 Latvia Pangasius (Basa) Market Opportunity Assessment, By Feed Type, 2021 & 2031F |
9.3 Latvia Pangasius (Basa) Market Opportunity Assessment, By Rearing Method, 2021 & 2031F |
9.4 Latvia Pangasius (Basa) Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Pangasius (Basa) Market - Competitive Landscape |
10.1 Latvia Pangasius (Basa) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pangasius (Basa) 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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