| Product Code: ETC7919728 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a shift in processed cashew imports, with Lithuania, Netherlands, Turkey, Spain, and Estonia emerging as the top exporting countries. The market concentration, as measured by the HHI, decreased from high to moderate in 2024, indicating a more diversified import landscape. Despite a challenging CAGR of -6.88% from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024, with a decrease of -0.8%. This suggests a potential stabilization in the market, paving the way for future opportunities and developments in the processed cashew 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 Processed Cashew Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Processed Cashew Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Processed Cashew Market - Industry Life Cycle |
3.4 Latvia Processed Cashew Market - Porter's Five Forces |
3.5 Latvia Processed Cashew Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Processed Cashew Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Processed Cashew Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of cashews |
4.2.2 Growing demand for plant-based snacks and ingredients |
4.2.3 Rising disposable income and changing lifestyle preferences in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition from other nuts and snack options in the market |
4.3.3 Regulatory challenges related to food safety standards and certifications |
5 Latvia Processed Cashew Market Trends |
6 Latvia Processed Cashew Market, By Types |
6.1 Latvia Processed Cashew Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Processed Cashew Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Processed Cashew Market Revenues & Volume, By Plain/Salted Cashews, 2021- 2031F |
6.1.4 Latvia Processed Cashew Market Revenues & Volume, By Flavored Cashews, 2021- 2031F |
6.2 Latvia Processed Cashew Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Processed Cashew Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021- 2031F |
6.2.3 Latvia Processed Cashew Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 Latvia Processed Cashew Market Revenues & Volume, By Specialty Stores, 2021- 2031F |
6.2.5 Latvia Processed Cashew Market Revenues & Volume, By Online Retail Stores, 2021- 2031F |
6.2.6 Latvia Processed Cashew Market Revenues & Volume, By Other Distribution Channels, 2021- 2031F |
7 Latvia Processed Cashew Market Import-Export Trade Statistics |
7.1 Latvia Processed Cashew Market Export to Major Countries |
7.2 Latvia Processed Cashew Market Imports from Major Countries |
8 Latvia Processed Cashew Market Key Performance Indicators |
8.1 Average selling price of processed cashews |
8.2 Percentage of market share held by processed cashew products in the snack industry |
8.3 Number of new product launches and innovations in the processed cashew market |
8.4 Consumer satisfaction and repeat purchase rate for processed cashew products |
9 Latvia Processed Cashew Market - Opportunity Assessment |
9.1 Latvia Processed Cashew Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Processed Cashew Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Processed Cashew Market - Competitive Landscape |
10.1 Latvia Processed Cashew Market Revenue Share, By Companies, 2024 |
10.2 Latvia Processed Cashew 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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