| Product Code: ETC4890597 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely on imports of potassium phosphite, with top exporters being Germany, Lithuania, Austria, China, and Canada. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) for 2020-24 was -12.99%, reflecting a declining trend. Furthermore, the growth rate from 2023 to 2024 also decreased by -2.27%. These figures suggest a challenging market environment, signaling the need for strategic adjustments and market diversification to maintain a competitive edge in 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 Potassium Phosphite Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Potassium Phosphite Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Potassium Phosphite Market - Industry Life Cycle |
3.4 Latvia Potassium Phosphite Market - Porter's Five Forces |
3.5 Latvia Potassium Phosphite Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Potassium Phosphite Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Potassium Phosphite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increase in demand for organic farming practices |
4.2.2 Growing awareness about the benefits of using potassium phosphite in agriculture |
4.2.3 Rising focus on sustainable agriculture practices in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up potassium phosphite production facilities |
4.3.2 Dependency on imported raw materials for manufacturing potassium phosphite in Latvia |
5 Latvia Potassium Phosphite Market Trends |
6 Latvia Potassium Phosphite Market Segmentations |
6.1 Latvia Potassium Phosphite Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Potassium Phosphite Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.3 Latvia Potassium Phosphite Market Revenues & Volume, By Solid, 2021-2031F |
6.2 Latvia Potassium Phosphite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Potassium Phosphite Market Revenues & Volume, By Fungicide, 2021-2031F |
6.2.3 Latvia Potassium Phosphite Market Revenues & Volume, By Fertilize, 2021-2031F |
6.2.4 Latvia Potassium Phosphite Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Potassium Phosphite Market Import-Export Trade Statistics |
7.1 Latvia Potassium Phosphite Market Export to Major Countries |
7.2 Latvia Potassium Phosphite Market Imports from Major Countries |
8 Latvia Potassium Phosphite Market Key Performance Indicators |
8.1 Percentage increase in the adoption of organic farming methods in Latvia |
8.2 Number of research studies highlighting the efficacy of potassium phosphite in crop yield improvement |
8.3 Growth in the number of sustainable agriculture initiatives in Latvia |
8.4 Average price trend of potassium phosphite in the Latvian market |
9 Latvia Potassium Phosphite Market - Opportunity Assessment |
9.1 Latvia Potassium Phosphite Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Potassium Phosphite Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Potassium Phosphite Market - Competitive Landscape |
10.1 Latvia Potassium Phosphite Market Revenue Share, By Companies, 2024 |
10.2 Latvia Potassium Phosphite 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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