Latvia Prawn Market (2025-2031) | Analysis, Outlook, Growth, Trends, Companies, Forecast, Segmentation, Competitive Landscape, Value, Industry, Size & Revenue, Share

Name: Latvia Prawn Market (2025-2031) | Analysis & Outlook
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Prawn Market, Latvia Prawn Market, Latvia Prawn Market Revenues, Latvia Prawn Market Share, Latvia Prawn Market Size, Latvia Prawn Market Outlook, Latvia Prawn Market Report, Latvia Prawn Market Competition, Latvia Prawn Market Overview, Latvia Prawn Market Trends, Latvia Prawn Market Forecast

Market Forecast By Species (Penaeus Vannamei, Penaeus Monodon, Macrobrachium Rosenbergii, Others), By Prawn Size (<21, 21-25, 26-30, 31-40, 41-50, 51-60, 61-70, >70) And Competitive Landscape

Product Code: ETC7919493	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 Prawn Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia saw a significant decrease in prawn import shipments with a negative CAGR of -47.15% from 2020 to 2024. Despite this, there was a slight growth rate of 2.92% from 2023 to 2024. The top exporting countries to Latvia in 2024 were Lithuania, Germany, Netherlands, Belgium, and Estonia, indicating a strong regional presence. The high Herfindahl-Hirschman Index (HHI) concentration suggests a competitive market with dominant players. Monitoring market dynamics and exploring opportunities for diversification could be crucial for future growth in the Latvian prawn import industry.

Latvia Prawn Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Prawn Market Outlook
Market Size of Latvia Prawn Market, 2024
Forecast of Latvia Prawn Market, 2031
Historical Data and Forecast of Latvia Prawn Revenues & Volume for the Period 2021- 2031
Latvia Prawn Market Trend Evolution
Latvia Prawn Market Drivers and Challenges
Latvia Prawn Price Trends
Latvia Prawn Porter's Five Forces
Latvia Prawn Industry Life Cycle
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By Species for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By Penaeus Vannamei for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By Penaeus Monodon for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By Macrobrachium Rosenbergii for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By Prawn Size for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By <21 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By 21-25 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By 26-30 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By 31-40 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By 41-50 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By 51-60 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By 61-70 for the Period 2021- 2031
Historical Data and Forecast of Latvia Prawn Market Revenues & Volume By >70 for the Period 2021- 2031
Latvia Prawn Import Export Trade Statistics
Market Opportunity Assessment By Species
Market Opportunity Assessment By Prawn Size
Latvia Prawn Top Companies Market Share
Latvia Prawn Competitive Benchmarking By Technical and Operational Parameters
Latvia Prawn Company Profiles
Latvia Prawn Key Strategic Recommendations

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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 Prawn Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Prawn Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Prawn Market - Industry Life Cycle

3.4 Latvia Prawn Market - Porter's Five Forces

3.5 Latvia Prawn Market Revenues & Volume Share, By Species, 2021 & 2031F

3.6 Latvia Prawn Market Revenues & Volume Share, By Prawn Size, 2021 & 2031F

4 Latvia Prawn Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer demand for seafood products in Latvia

4.2.2 Growth in the tourism industry leading to higher demand for prawn dishes

4.2.3 Increasing awareness about the health benefits of consuming prawns

4.3 Market Restraints

4.3.1 Seasonal availability and fluctuations in prawn supply

4.3.2 Competition from other seafood products in the market

4.3.3 Environmental concerns related to prawn farming practices

5 Latvia Prawn Market Trends

6 Latvia Prawn Market, By Types

6.1 Latvia Prawn Market, By Species

6.1.1 Overview and Analysis

6.1.2 Latvia Prawn Market Revenues & Volume, By Species, 2021- 2031F

6.1.3 Latvia Prawn Market Revenues & Volume, By Penaeus Vannamei, 2021- 2031F

6.1.4 Latvia Prawn Market Revenues & Volume, By Penaeus Monodon, 2021- 2031F

6.1.5 Latvia Prawn Market Revenues & Volume, By Macrobrachium Rosenbergii, 2021- 2031F

6.1.6 Latvia Prawn Market Revenues & Volume, By Others, 2021- 2031F

6.2 Latvia Prawn Market, By Prawn Size

6.2.1 Overview and Analysis

6.2.2 Latvia Prawn Market Revenues & Volume, By <21, 2021- 2031F

6.2.3 Latvia Prawn Market Revenues & Volume, By 21-25, 2021- 2031F

6.2.4 Latvia Prawn Market Revenues & Volume, By 26-30, 2021- 2031F

6.2.5 Latvia Prawn Market Revenues & Volume, By 31-40, 2021- 2031F

6.2.6 Latvia Prawn Market Revenues & Volume, By 41-50, 2021- 2031F

6.2.7 Latvia Prawn Market Revenues & Volume, By 51-60, 2021- 2031F

6.2.8 Latvia Prawn Market Revenues & Volume, By >70, 2021- 2031F

6.2.9 Latvia Prawn Market Revenues & Volume, By >70, 2021- 2031F

7 Latvia Prawn Market Import-Export Trade Statistics

7.1 Latvia Prawn Market Export to Major Countries

7.2 Latvia Prawn Market Imports from Major Countries

8 Latvia Prawn Market Key Performance Indicators

8.1 Average selling price of prawns in Latvia

8.2 Number of new prawn dishes introduced in restaurants and food outlets

8.3 Percentage of households in Latvia consuming prawns at least once a month

9 Latvia Prawn Market - Opportunity Assessment

9.1 Latvia Prawn Market Opportunity Assessment, By Species, 2021 & 2031F

9.2 Latvia Prawn Market Opportunity Assessment, By Prawn Size, 2021 & 2031F

10 Latvia Prawn Market - Competitive Landscape

10.1 Latvia Prawn Market Revenue Share, By Companies, 2024

10.2 Latvia Prawn Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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