| Product Code: ETC7921992 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Sorbic acid import shipments to Latvia saw a notable increase in concentration levels in 2024, with Lithuania, Spain, China, Poland, and Germany emerging as the top exporting countries. Despite a negative compound annual growth rate (CAGR) from 2020-2024, there was a significant growth rate of 9.32% from 2023-2024. The high concentration in the Herfindahl-Hirschman Index (HHI) in 2023 further intensified in 2024, indicating a competitive market landscape with dominant suppliers. This trend suggests a dynamic and evolving market for sorbic acid imports 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 Sorbic Acid Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sorbic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sorbic Acid Market - Industry Life Cycle |
3.4 Latvia Sorbic Acid Market - Porter's Five Forces |
3.5 Latvia Sorbic Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Sorbic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Sorbic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Sorbic Acid Market Trends |
6 Latvia Sorbic Acid Market, By Types |
6.1 Latvia Sorbic Acid Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sorbic Acid Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Sorbic Acid Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Latvia Sorbic Acid Market Revenues & Volume, By Encapsulated, 2021- 2031F |
6.2 Latvia Sorbic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sorbic Acid Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.3 Latvia Sorbic Acid Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.2.4 Latvia Sorbic Acid Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Latvia Sorbic Acid Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.2.6 Latvia Sorbic Acid Market Revenues & Volume, By Chemical Production, 2021- 2031F |
6.2.7 Latvia Sorbic Acid Market Revenues & Volume, By Others (including Detergents), 2021- 2031F |
7 Latvia Sorbic Acid Market Import-Export Trade Statistics |
7.1 Latvia Sorbic Acid Market Export to Major Countries |
7.2 Latvia Sorbic Acid Market Imports from Major Countries |
8 Latvia Sorbic Acid Market Key Performance Indicators |
9 Latvia Sorbic Acid Market - Opportunity Assessment |
9.1 Latvia Sorbic Acid Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Sorbic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Sorbic Acid Market - Competitive Landscape |
10.1 Latvia Sorbic Acid Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sorbic Acid 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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