| Product Code: ETC4748819 | 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 |
Latvia`s surimi import market in 2024 saw significant growth, with top exporters being India, Vietnam, Metropolitan France, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 23.06%, with a remarkable growth rate of 134.97% from 2023 to 2024. These statistics suggest a thriving surimi import market in Latvia, driven by strong demand and competitive offerings from key exporting countries.

Latvia's Surimi market is anticipated to experience a stable growth rate of 2.40% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Surimi Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Surimi Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Surimi Market - Industry Life Cycle |
3.4 Latvia Surimi Market - Porter's Five Forces |
3.5 Latvia Surimi Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Latvia Surimi Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
3.7 Latvia Surimi Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Latvia Surimi Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Surimi Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for healthy and convenient food options |
4.2.2 Rising demand for seafood products due to health benefits |
4.2.3 Growing popularity of Asian cuisine in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from alternative protein sources |
4.3.3 Regulatory challenges related to food safety and labeling |
5 Latvia Surimi Market Trends |
6 Latvia Surimi Market Segmentations |
6.1 Latvia Surimi Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Latvia Surimi Market Revenues & Volume, By Alaska Pollock, 2021-2031F |
6.1.3 Latvia Surimi Market Revenues & Volume, By Itoyori, 2021-2031F |
6.1.4 Latvia Surimi Market Revenues & Volume, By Pacific Whiting, 2021-2031F |
6.1.5 Latvia Surimi Market Revenues & Volume, By Silver Carp, 2021-2031F |
6.1.6 Latvia Surimi Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Surimi Market, By Packaging |
6.2.1 Overview and Analysis |
6.2.2 Latvia Surimi Market Revenues & Volume, By Chilled or Fresh, 2021-2031F |
6.2.3 Latvia Surimi Market Revenues & Volume, By Frozen, 2021-2031F |
6.3 Latvia Surimi Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Surimi Market Revenues & Volume, By Households, 2021-2031F |
6.3.3 Latvia Surimi Market Revenues & Volume, By Hotels, Restaurants and Catering (HoReCa), 2021-2031F |
6.3.4 Latvia Surimi Market Revenues & Volume, By Food Processing, 2021-2031F |
6.3.5 Latvia Surimi Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Surimi Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Surimi Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.4.3 Latvia Surimi Market Revenues & Volume, By Retail Sales, 2021-2031F |
6.4.4 Latvia Surimi Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.4.5 Latvia Surimi Market Revenues & Volume, By Online Retail, 2021-2031F |
6.4.6 Latvia Surimi Market Revenues & Volume, By Wet Markets and others, 2021-2031F |
7 Latvia Surimi Market Import-Export Trade Statistics |
7.1 Latvia Surimi Market Export to Major Countries |
7.2 Latvia Surimi Market Imports from Major Countries |
8 Latvia Surimi Market Key Performance Indicators |
8.1 Consumer awareness and perception of surimi as a healthy food choice |
8.2 Rate of new product development and innovation in the surimi market |
8.3 Sustainability practices adopted by surimi manufacturers |
8.4 Import/export trends of surimi products in Latvia |
9 Latvia Surimi Market - Opportunity Assessment |
9.1 Latvia Surimi Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Latvia Surimi Market Opportunity Assessment, By Packaging, 2021 & 2031F |
9.3 Latvia Surimi Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Latvia Surimi Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Surimi Market - Competitive Landscape |
10.1 Latvia Surimi Market Revenue Share, By Companies, 2024 |
10.2 Latvia Surimi 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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