| Product Code: ETC10815349 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The small molecule CDMO import market in Latvia experienced significant growth in 2024, with a high Herfindahl-Hirschman Index (HHI) indicating increased concentration among top exporting countries. Ukraine, Lithuania, China, Hong Kong, and the USA were the key players driving this growth, with a remarkable growth rate of 83.43% in 2024. The impressive compound annual growth rate (CAGR) of 37.67% from 2020 to 2024 highlights the expanding demand for small molecule CDMO services 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 Small Molecule CDMO Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Small Molecule CDMO Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Small Molecule CDMO Market - Industry Life Cycle |
3.4 Latvia Small Molecule CDMO Market - Porter's Five Forces |
3.5 Latvia Small Molecule CDMO Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.6 Latvia Small Molecule CDMO Market Revenues & Volume Share, By API Type, 2021 & 2031F |
3.7 Latvia Small Molecule CDMO Market Revenues & Volume Share, By Drug Development Stage, 2021 & 2031F |
3.8 Latvia Small Molecule CDMO Market Revenues & Volume Share, By Facility Type, 2021 & 2031F |
3.9 Latvia Small Molecule CDMO Market Revenues & Volume Share, By Regulatory Compliance, 2021 & 2031F |
4 Latvia Small Molecule CDMO Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for contract development and manufacturing services in the pharmaceutical industry |
4.2.2 Growing trend of outsourcing drug development and manufacturing activities to specialized service providers |
4.2.3 Favorable government regulations promoting the growth of the pharmaceutical sector in Latvia |
4.3 Market Restraints |
4.3.1 Intense competition from established global CDMOs offering competitive pricing and advanced capabilities |
4.3.2 Regulatory challenges and compliance requirements impacting the speed of project approvals and timelines |
5 Latvia Small Molecule CDMO Market Trends |
6 Latvia Small Molecule CDMO Market, By Types |
6.1 Latvia Small Molecule CDMO Market, By Service Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Small Molecule CDMO Market Revenues & Volume, By Service Type, 2021 - 2031F |
6.1.3 Latvia Small Molecule CDMO Market Revenues & Volume, By Drug Substance Development, 2021 - 2031F |
6.1.4 Latvia Small Molecule CDMO Market Revenues & Volume, By Drug Product Manufacturing, 2021 - 2031F |
6.1.5 Latvia Small Molecule CDMO Market Revenues & Volume, By Formulation Services, 2021 - 2031F |
6.1.6 Latvia Small Molecule CDMO Market Revenues & Volume, By Analytical Testing, 2021 - 2031F |
6.1.7 Latvia Small Molecule CDMO Market Revenues & Volume, By Packaging & Logistics, 2021 - 2031F |
6.2 Latvia Small Molecule CDMO Market, By API Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Small Molecule CDMO Market Revenues & Volume, By Generic APIs, 2021 - 2031F |
6.2.3 Latvia Small Molecule CDMO Market Revenues & Volume, By Specialty APIs, 2021 - 2031F |
6.2.4 Latvia Small Molecule CDMO Market Revenues & Volume, By Biotech APIs, 2021 - 2031F |
6.2.5 Latvia Small Molecule CDMO Market Revenues & Volume, By Oncology Drug APIs, 2021 - 2031F |
6.2.6 Latvia Small Molecule CDMO Market Revenues & Volume, By High-Potency APIs, 2021 - 2031F |
6.3 Latvia Small Molecule CDMO Market, By Drug Development Stage |
6.3.1 Overview and Analysis |
6.3.2 Latvia Small Molecule CDMO Market Revenues & Volume, By Early-Stage Discovery, 2021 - 2031F |
6.3.3 Latvia Small Molecule CDMO Market Revenues & Volume, By Preclinical Trials, 2021 - 2031F |
6.3.4 Latvia Small Molecule CDMO Market Revenues & Volume, By Clinical Trials Phase 1, 2021 - 2031F |
6.3.5 Latvia Small Molecule CDMO Market Revenues & Volume, By Commercial Manufacturing, 2021 - 2031F |
6.3.6 Latvia Small Molecule CDMO Market Revenues & Volume, By Post- Surveillance, 2021 - 2031F |
6.4 Latvia Small Molecule CDMO Market, By Facility Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Small Molecule CDMO Market Revenues & Volume, By Pilot Scale, 2021 - 2031F |
6.4.3 Latvia Small Molecule CDMO Market Revenues & Volume, By Large-Scale Production, 2021 - 2031F |
6.4.4 Latvia Small Molecule CDMO Market Revenues & Volume, By R&D Facilities, 2021 - 2031F |
6.4.5 Latvia Small Molecule CDMO Market Revenues & Volume, By Sterile Manufacturing Units, 2021 - 2031F |
6.4.6 Latvia Small Molecule CDMO Market Revenues & Volume, By Integrated Supply Chain Management, 2021 - 2031F |
6.5 Latvia Small Molecule CDMO Market, By Regulatory Compliance |
6.5.1 Overview and Analysis |
6.5.2 Latvia Small Molecule CDMO Market Revenues & Volume, By US FDA & EMA Approved, 2021 - 2031F |
6.5.3 Latvia Small Molecule CDMO Market Revenues & Volume, By GMP & ISO 13485 Certified, 2021 - 2031F |
6.5.4 Latvia Small Molecule CDMO Market Revenues & Volume, By WHO GMP Standards, 2021 - 2031F |
6.5.5 Latvia Small Molecule CDMO Market Revenues & Volume, By Good Laboratory Practices, 2021 - 2031F |
6.5.6 Latvia Small Molecule CDMO Market Revenues & Volume, By Hazardous Material Handling, 2021 - 2031F |
7 Latvia Small Molecule CDMO Market Import-Export Trade Statistics |
7.1 Latvia Small Molecule CDMO Market Export to Major Countries |
7.2 Latvia Small Molecule CDMO Market Imports from Major Countries |
8 Latvia Small Molecule CDMO Market Key Performance Indicators |
8.1 Capacity utilization rate of small molecule CDMOs in Latvia |
8.2 Number of new partnerships and collaborations formed with pharmaceutical companies |
8.3 Percentage of projects completed within agreed timelines |
8.4 Average turnaround time for project completion |
8.5 Rate of successful technology transfers and scale-up projects |
9 Latvia Small Molecule CDMO Market - Opportunity Assessment |
9.1 Latvia Small Molecule CDMO Market Opportunity Assessment, By Service Type, 2021 & 2031F |
9.2 Latvia Small Molecule CDMO Market Opportunity Assessment, By API Type, 2021 & 2031F |
9.3 Latvia Small Molecule CDMO Market Opportunity Assessment, By Drug Development Stage, 2021 & 2031F |
9.4 Latvia Small Molecule CDMO Market Opportunity Assessment, By Facility Type, 2021 & 2031F |
9.5 Latvia Small Molecule CDMO Market Opportunity Assessment, By Regulatory Compliance, 2021 & 2031F |
10 Latvia Small Molecule CDMO Market - Competitive Landscape |
10.1 Latvia Small Molecule CDMO Market Revenue Share, By Companies, 2024 |
10.2 Latvia Small Molecule CDMO 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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