Latvia Rum Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s rum import market in 2024 saw a diverse range of top exporting countries including Netherlands, Metropolitan France, Spain, Dominican Republic, and Germany. Despite the variety of sources, the market maintained low concentration with a Herfindahl-Hirschman Index (HHI) remaining low. The compound annual growth rate (CAGR) from 2020 to 2024 was a promising 15.69%, indicating a strong overall growth trend. However, there was a slight dip in the growth rate from 2023 to 2024 at -4.12%, suggesting some fluctuations in the market dynamics during that period.

Rum Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Rum market in Latvia is projected to grow at a stable growth rate of 0.43% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

Key Highlights of the Report:
- Latvia Rum Market Outlook
- Market Size of Latvia Rum Market, 2024
- Forecast of Latvia Rum Market, 2031
- Historical Data and Forecast of Latvia Rum Revenues & Volume for the Period 2021-2031
- Latvia Rum Market Trend Evolution
- Latvia Rum Market Drivers and Challenges
- Latvia Rum Price Trends
- Latvia Rum Porter`s Five Forces
- Latvia Rum Industry Life Cycle
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Light for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Golden for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Dark for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Black for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Spiced for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Proof Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Standard for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Over-proof for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Online for the Period 2021-2031
- Historical Data and Forecast of Latvia Rum Market Revenues & Volume By Offline for the Period 2021-2031
- Latvia Rum Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Proof Type
- Market Opportunity Assessment By Distribution Channel
- Latvia Rum Top Companies Market Share
- Latvia Rum Competitive Benchmarking By Technical and Operational Parameters
- Latvia Rum Company Profiles
- Latvia Rum Key Strategic Recommendations