| Product Code: ETC4999125 | 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 see a significant influx of salmon import shipments, with top exporters including Sweden, Finland, Lithuania, Germany, and Italy. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The impressive compound annual growth rate (CAGR) of 43.93% from 2020 to 2024 demonstrates a robust expansion in the salmon import market. Additionally, the growth rate of 1.81% from 2023 to 2024 suggests a steady upward trajectory in import volumes, highlighting the sustained demand for salmon in Latvia.

By 2027, the Salmon market in Latvia is anticipated to reach a growth rate of 0.56%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Salmon Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Salmon Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Salmon Market - Industry Life Cycle |
3.4 Latvia Salmon Market - Porter's Five Forces |
3.5 Latvia Salmon Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Salmon Market Revenues & Volume Share, By End Product Type, 2021 & 2031F |
3.7 Latvia Salmon Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Salmon Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the health benefits of salmon consumption |
4.2.2 Increase in demand for high-quality protein sources in the diet |
4.2.3 Expansion of online retail platforms making salmon more accessible to consumers |
4.3 Market Restraints |
4.3.1 Fluctuations in salmon prices due to global market conditions |
4.3.2 Environmental concerns related to salmon farming practices |
4.3.3 Competition from other protein sources in the market |
5 Latvia Salmon Market Trends |
6 Latvia Salmon Market Segmentations |
6.1 Latvia Salmon Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Salmon Market Revenues & Volume, By Chinook Salmon, 2021-2031F |
6.1.3 Latvia Salmon Market Revenues & Volume, By Coho Salmon, 2021-2031F |
6.1.4 Latvia Salmon Market Revenues & Volume, By Pink Salmon, 2021-2031F |
6.1.5 Latvia Salmon Market Revenues & Volume, By Red Salmon, 2021-2031F |
6.1.6 Latvia Salmon Market Revenues & Volume, By Salmo Salar, 2021-2031F |
6.1.7 Latvia Salmon Market Revenues & Volume, By Silverbrite Salmon, 2021-2031F |
6.2 Latvia Salmon Market, By End Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Salmon Market Revenues & Volume, By Fresh, 2021-2031F |
6.2.3 Latvia Salmon Market Revenues & Volume, By Frozen, 2021-2031F |
6.2.4 Latvia Salmon Market Revenues & Volume, By Canned, 2021-2031F |
6.2.5 Latvia Salmon Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Salmon Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Salmon Market Revenues & Volume, By Retail Stores, 2021-2031F |
6.3.3 Latvia Salmon Market Revenues & Volume, By Hypermarket/supermarket, 2021-2031F |
6.3.4 Latvia Salmon Market Revenues & Volume, By Online Sales Channels, 2021-2031F |
7 Latvia Salmon Market Import-Export Trade Statistics |
7.1 Latvia Salmon Market Export to Major Countries |
7.2 Latvia Salmon Market Imports from Major Countries |
8 Latvia Salmon Market Key Performance Indicators |
8.1 Percentage increase in per capita salmon consumption in Latvia |
8.2 Growth in the number of salmon farms or production facilities in Latvia |
8.3 Percentage of salmon products certified as sustainable by recognized organizations |
9 Latvia Salmon Market - Opportunity Assessment |
9.1 Latvia Salmon Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Salmon Market Opportunity Assessment, By End Product Type, 2021 & 2031F |
9.3 Latvia Salmon Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Salmon Market - Competitive Landscape |
10.1 Latvia Salmon Market Revenue Share, By Companies, 2024 |
10.2 Latvia Salmon 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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