| Product Code: ETC4723682 | 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 syrup import market in 2024 continues to be dominated by key suppliers like Metropolitan France, Poland, Estonia, Lithuania, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. With a remarkable Compound Annual Growth Rate (CAGR) of 22.99% from 2020 to 2024 and a notable growth rate of 38.46% in 2024 alone, the market shows strong expansion potential. Importers and stakeholders can capitalize on this growth trend by exploring opportunities for collaboration and strategic partnerships with these leading exporting countries.

The Syrup market in Latvia is projected to grow at a stable growth rate of 0.85% 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.

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 Syrup Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Syrup Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Syrup Market - Industry Life Cycle |
3.4 Latvia Syrup Market - Porter's Five Forces |
3.5 Latvia Syrup Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Syrup Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for natural and organic ingredients in food products |
4.2.2 Growing demand for flavored syrups in the beverage industry |
4.2.3 Rising popularity of homemade cocktails and mocktails |
4.3 Market Restraints |
4.3.1 Fluctuating prices of key raw materials such as sugar and fruits |
4.3.2 Stringent regulations related to food safety and labeling |
4.3.3 Intense competition from substitute products like artificial sweeteners |
5 Latvia Syrup Market Trends |
6 Latvia Syrup Market Segmentations |
6.1 Latvia Syrup Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Syrup Market Revenues & Volume, By Chocolate syrup, 2021-2031F |
6.1.3 Latvia Syrup Market Revenues & Volume, By Maple syrup, 2021-2031F |
6.1.4 Latvia Syrup Market Revenues & Volume, By High fructose corn syrup, 2021-2031F |
6.1.5 Latvia Syrup Market Revenues & Volume, By Malt syrup, 2021-2031F |
6.1.6 Latvia Syrup Market Revenues & Volume, By Tapioca syrup, 2021-2031F |
6.1.7 Latvia Syrup Market Revenues & Volume, By Honey, 2021-2031F |
6.1.9 Latvia Syrup Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Syrup Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Syrup Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Syrup Market Revenues & Volume, By Supermarket and Hypermarket, 2021-2031F |
6.2.3 Latvia Syrup Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.2.4 Latvia Syrup Market Revenues & Volume, By Online Retail Stores, 2021-2031F |
6.2.5 Latvia Syrup Market Revenues & Volume, By Other Distribution Channels, 2021-2031F |
7 Latvia Syrup Market Import-Export Trade Statistics |
7.1 Latvia Syrup Market Export to Major Countries |
7.2 Latvia Syrup Market Imports from Major Countries |
8 Latvia Syrup Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms for syrup brands |
8.2 Number of new product launches in the syrup market |
8.3 Percentage of repeat customers for syrup brands |
8.4 Average customer ratings and reviews for syrup products |
8.5 Growth in online sales and e-commerce presence for syrup brands |
9 Latvia Syrup Market - Opportunity Assessment |
9.1 Latvia Syrup Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Syrup Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Syrup Market - Competitive Landscape |
10.1 Latvia Syrup Market Revenue Share, By Companies, 2024 |
10.2 Latvia Syrup 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.
To discover high-growth global markets and optimize your business strategy:
Click Here