Latvia Whiskey Market (2025-2031) | Share, Size, Trends, Companies, Revenue, Forecast, Industry, Value, Growth, Analysis, Segmentation & Outlook

Name: Latvia Whiskey Market (2025-2031) | Outlook Growth & Value
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Whiskey Market, Latvia Whiskey Market, Latvia Whiskey Market Revenues, Latvia Whiskey Market Share, Latvia Whiskey Market Size, Latvia Whiskey Market Outlook, Latvia Whiskey Market Report, Latvia Whiskey Market Competition, Latvia Whiskey Market Overview, Latvia Whiskey Market Trends, Latvia Whiskey Market Forecast

Market Forecast By Product Type (American Whisky, Irish Whisky, Scotch Whisky, Canadian Whisky, Others), By Distribution Channel (On-trade, Off-trade) And Competitive Landscape

Product Code: ETC4853224	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 Whiskey Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to see a steady flow of whiskey imports, with top exporters being Netherlands, Ireland, UK, Germany, and Poland. Despite a slight decline in the CAGR from 2020-2024, the market showed resilience with a positive growth rate of 5.63% in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting strong competition among key players. This data reflects the ongoing popularity of whiskey in Latvia and the enduring demand for quality imports from various European countries.

Latvia Whiskey Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Whiskey Market Outlook
Market Size of Latvia Whiskey Market, 2024
Forecast of Latvia Whiskey Market, 2031
Historical Data and Forecast of Latvia Whiskey Revenues & Volume for the Period 2021-2031
Latvia Whiskey Market Trend Evolution
Latvia Whiskey Market Drivers and Challenges
Latvia Whiskey Price Trends
Latvia Whiskey Porter`s Five Forces
Latvia Whiskey Industry Life Cycle
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By American Whisky for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Irish Whisky for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Scotch Whisky for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Canadian Whisky for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Distribution Channel for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By On-trade for the Period 2021-2031
Historical Data and Forecast of Latvia Whiskey Market Revenues & Volume By Off-trade for the Period 2021-2031
Latvia Whiskey Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Distribution Channel
Latvia Whiskey Top Companies Market Share
Latvia Whiskey Competitive Benchmarking By Technical and Operational Parameters
Latvia Whiskey Company Profiles
Latvia Whiskey Key Strategic Recommendations

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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 Whiskey Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Whiskey Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Whiskey Market - Industry Life Cycle

3.4 Latvia Whiskey Market - Porter's Five Forces

3.5 Latvia Whiskey Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Latvia Whiskey Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Latvia Whiskey Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing disposable income of consumers in Latvia

4.2.2 Growing popularity of whiskey as a premium alcoholic beverage choice

4.2.3 Influence of Western drinking culture and trends in Latvia

4.3 Market Restraints

4.3.1 High import taxes and duties on whiskey products in Latvia

4.3.2 Limited awareness and knowledge about whiskey among the general population

4.3.3 Cultural preferences for other alcoholic beverages over whiskey

5 Latvia Whiskey Market Trends

6 Latvia Whiskey Market Segmentations

6.1 Latvia Whiskey Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Latvia Whiskey Market Revenues & Volume, By American Whisky, 2021-2031F

6.1.3 Latvia Whiskey Market Revenues & Volume, By Irish Whisky, 2021-2031F

6.1.4 Latvia Whiskey Market Revenues & Volume, By Scotch Whisky, 2021-2031F

6.1.5 Latvia Whiskey Market Revenues & Volume, By Canadian Whisky, 2021-2031F

6.1.6 Latvia Whiskey Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Whiskey Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Latvia Whiskey Market Revenues & Volume, By On-trade, 2021-2031F

6.2.3 Latvia Whiskey Market Revenues & Volume, By Off-trade, 2021-2031F

7 Latvia Whiskey Market Import-Export Trade Statistics

7.1 Latvia Whiskey Market Export to Major Countries

7.2 Latvia Whiskey Market Imports from Major Countries

8 Latvia Whiskey Market Key Performance Indicators

8.1 Number of whiskey tasting events or festivals in Latvia

8.2 Growth in the number of whiskey bars or specialized stores in the country

8.3 Increase in the number of whiskey brands available in the Latvian market

9 Latvia Whiskey Market - Opportunity Assessment

9.1 Latvia Whiskey Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Latvia Whiskey Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Latvia Whiskey Market - Competitive Landscape

10.1 Latvia Whiskey Market Revenue Share, By Companies, 2024

10.2 Latvia Whiskey Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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