| Product Code: ETC7906807 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
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 Cannabis Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cannabis Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cannabis Extract Market - Industry Life Cycle |
3.4 Latvia Cannabis Extract Market - Porter's Five Forces |
3.5 Latvia Cannabis Extract Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Cannabis Extract Market Revenues & Volume Share, By Extract Type, 2021 & 2031F |
3.7 Latvia Cannabis Extract Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.8 Latvia Cannabis Extract Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Cannabis Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing acceptance of medical cannabis for various health conditions in Latvia |
4.2.2 Growing awareness about the potential benefits of cannabis extracts in treating chronic pain and other ailments |
4.2.3 Rising demand for natural and alternative remedies in the healthcare sector |
4.3 Market Restraints |
4.3.1 Stringent regulations and legal restrictions on the production, distribution, and use of cannabis extracts in Latvia |
4.3.2 Limited availability of research and clinical data supporting the efficacy and safety of cannabis extracts |
4.3.3 Cultural stigma and societal perceptions surrounding the use of cannabis products in Latvia |
5 Latvia Cannabis Extract Market Trends |
6 Latvia Cannabis Extract Market, By Types |
6.1 Latvia Cannabis Extract Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cannabis Extract Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Cannabis Extract Market Revenues & Volume, By Oils, 2021- 2031F |
6.1.4 Latvia Cannabis Extract Market Revenues & Volume, By Tinctures, 2021- 2031F |
6.2 Latvia Cannabis Extract Market, By Extract Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cannabis Extract Market Revenues & Volume, By Full Spectrum Extracts, 2021- 2031F |
6.2.3 Latvia Cannabis Extract Market Revenues & Volume, By Cannabis Isolates, 2021- 2031F |
6.3 Latvia Cannabis Extract Market, By Sources |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cannabis Extract Market Revenues & Volume, By Hemp, 2021- 2031F |
6.3.3 Latvia Cannabis Extract Market Revenues & Volume, By Marijuana, 2021- 2031F |
6.4 Latvia Cannabis Extract Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Cannabis Extract Market Revenues & Volume, By Medical Use, 2021- 2031F |
6.4.3 Latvia Cannabis Extract Market Revenues & Volume, By Recreational Use, 2021- 2031F |
7 Latvia Cannabis Extract Market Import-Export Trade Statistics |
7.1 Latvia Cannabis Extract Market Export to Major Countries |
7.2 Latvia Cannabis Extract Market Imports from Major Countries |
8 Latvia Cannabis Extract Market Key Performance Indicators |
8.1 Number of licensed cannabis extract producers and distributors in Latvia |
8.2 Patient enrollment in medical cannabis programs |
8.3 Investment trends in the cannabis extract market in Latvia |
8.4 Growth in the number of healthcare professionals prescribing cannabis extracts |
8.5 Adoption rates of cannabis extract therapies in different medical specialties |
9 Latvia Cannabis Extract Market - Opportunity Assessment |
9.1 Latvia Cannabis Extract Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Cannabis Extract Market Opportunity Assessment, By Extract Type, 2021 & 2031F |
9.3 Latvia Cannabis Extract Market Opportunity Assessment, By Sources, 2021 & 2031F |
9.4 Latvia Cannabis Extract Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Cannabis Extract Market - Competitive Landscape |
10.1 Latvia Cannabis Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cannabis Extract 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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