| Product Code: ETC7904790 | 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 |
In 2024, Latvia continued to rely on imports of aspartic acid, with Denmark, Poland, Netherlands, Lithuania, and China being the top exporting countries. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 was a strong 10.03%. However, there was a slight decline in growth rate from 2023 to 2024 at -11.07%, suggesting a potential shift in market dynamics. It will be interesting to monitor how these trends evolve and impact the aspartic acid import market in Latvia in the coming years.

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 Aspartic Acid Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aspartic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aspartic Acid Market - Industry Life Cycle |
3.4 Latvia Aspartic Acid Market - Porter's Five Forces |
3.5 Latvia Aspartic Acid Market Revenues & Volume Share, By Availability, 2021 & 2031F |
3.6 Latvia Aspartic Acid Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Latvia Aspartic Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Latvia Aspartic Acid Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.9 Latvia Aspartic Acid Market Revenues & Volume Share, By Synthesis Method, 2021 & 2031F |
4 Latvia Aspartic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Aspartic Acid Market Trends |
6 Latvia Aspartic Acid Market, By Types |
6.1 Latvia Aspartic Acid Market, By Availability |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aspartic Acid Market Revenues & Volume, By Availability, 2021- 2031F |
6.1.3 Latvia Aspartic Acid Market Revenues & Volume, By DL-Aspartic Acid, 2021- 2031F |
6.1.4 Latvia Aspartic Acid Market Revenues & Volume, By L-Aspartic, 2021- 2031F |
6.1.5 Latvia Aspartic Acid Market Revenues & Volume, By D-Aspartic, 2021- 2031F |
6.2 Latvia Aspartic Acid Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aspartic Acid Market Revenues & Volume, By Online Portals, 2021- 2031F |
6.2.3 Latvia Aspartic Acid Market Revenues & Volume, By Large Retailers, 2021- 2031F |
6.2.4 Latvia Aspartic Acid Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Aspartic Acid Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aspartic Acid Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.3.3 Latvia Aspartic Acid Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.3.4 Latvia Aspartic Acid Market Revenues & Volume, By edical & Healthcare, 2021- 2031F |
6.3.5 Latvia Aspartic Acid Market Revenues & Volume, By Food, 2021- 2031F |
6.3.6 Latvia Aspartic Acid Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Aspartic Acid Market, By Source |
6.4.1 Overview and Analysis |
6.4.2 Latvia Aspartic Acid Market Revenues & Volume, By Plant, 2021- 2031F |
6.4.3 Latvia Aspartic Acid Market Revenues & Volume, By Animal Sources, 2021- 2031F |
6.5 Latvia Aspartic Acid Market, By Synthesis Method |
6.5.1 Overview and Analysis |
6.5.2 Latvia Aspartic Acid Market Revenues & Volume, By Fermentation, 2021- 2031F |
6.5.3 Latvia Aspartic Acid Market Revenues & Volume, By Organism, 2021- 2031F |
6.5.4 Latvia Aspartic Acid Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Aspartic Acid Market Import-Export Trade Statistics |
7.1 Latvia Aspartic Acid Market Export to Major Countries |
7.2 Latvia Aspartic Acid Market Imports from Major Countries |
8 Latvia Aspartic Acid Market Key Performance Indicators |
9 Latvia Aspartic Acid Market - Opportunity Assessment |
9.1 Latvia Aspartic Acid Market Opportunity Assessment, By Availability, 2021 & 2031F |
9.2 Latvia Aspartic Acid Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Latvia Aspartic Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Latvia Aspartic Acid Market Opportunity Assessment, By Source, 2021 & 2031F |
9.5 Latvia Aspartic Acid Market Opportunity Assessment, By Synthesis Method, 2021 & 2031F |
10 Latvia Aspartic Acid Market - Competitive Landscape |
10.1 Latvia Aspartic Acid Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aspartic 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.
To discover high-growth global markets and optimize your business strategy:
Click Here