| Product Code: ETC7907363 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady flow of chamomile herbal tea imports, with key suppliers being Poland, Sri Lanka, Lithuania, UAE, and Russia. Despite a slight decline in the compound annual growth rate (CAGR) from 2020-2024 at -4.85%, there was a notable uptick in the growth rate from 2023-2024 at 7.91%. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level in 2024. This data suggests a stable and diverse supply chain for chamomile herbal tea in Latvia, with potential opportunities for further growth and market expansion.

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 Chamomile Herbal Tea Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Chamomile Herbal Tea Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Chamomile Herbal Tea Market - Industry Life Cycle |
3.4 Latvia Chamomile Herbal Tea Market - Porter's Five Forces |
3.5 Latvia Chamomile Herbal Tea Market Revenues & Volume Share, By Flower Type, 2021 & 2031F |
3.6 Latvia Chamomile Herbal Tea Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Chamomile Herbal Tea Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Latvia Chamomile Herbal Tea Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Chamomile Herbal Tea Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of chamomile herbal tea |
4.2.2 Growing trend towards natural and organic products |
4.2.3 Rising demand for relaxation and stress-relief products |
4.3 Market Restraints |
4.3.1 Seasonal availability of chamomile flowers affecting supply chain |
4.3.2 Price volatility of raw materials impacting production costs |
4.3.3 Competition from other herbal tea varieties |
5 Latvia Chamomile Herbal Tea Market Trends |
6 Latvia Chamomile Herbal Tea Market, By Types |
6.1 Latvia Chamomile Herbal Tea Market, By Flower Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Flower Type, 2021- 2031F |
6.1.3 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Roman Chamomile, 2021- 2031F |
6.1.4 Latvia Chamomile Herbal Tea Market Revenues & Volume, By German Chamomile, 2021- 2031F |
6.1.5 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Egyptian Chamomile, 2021- 2031F |
6.2 Latvia Chamomile Herbal Tea Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Syups, 2021- 2031F |
6.2.3 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Premixes, 2021- 2031F |
6.2.4 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Powdered Ready To Drink, 2021- 2031F |
6.2.5 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Liquid Ready To Drink, 2021- 2031F |
6.3 Latvia Chamomile Herbal Tea Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Loose Tea, 2021- 2031F |
6.3.3 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Paper Pouches, 2021- 2031F |
6.3.4 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Tea Bags, 2021- 2031F |
6.3.5 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Carton Packs, 2021- 2031F |
6.3.6 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Can Packaging, 2021- 2031F |
6.4 Latvia Chamomile Herbal Tea Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Store-Based, 2021- 2031F |
6.4.3 Latvia Chamomile Herbal Tea Market Revenues & Volume, By Non-Store-Based, 2021- 2031F |
7 Latvia Chamomile Herbal Tea Market Import-Export Trade Statistics |
7.1 Latvia Chamomile Herbal Tea Market Export to Major Countries |
7.2 Latvia Chamomile Herbal Tea Market Imports from Major Countries |
8 Latvia Chamomile Herbal Tea Market Key Performance Indicators |
8.1 Number of new product launches in the chamomile herbal tea segment |
8.2 Consumer satisfaction levels with the quality and taste of chamomile herbal tea products |
8.3 Growth in the number of retail outlets stocking chamomile herbal tea |
8.4 Percentage of repeat purchases by consumers |
8.5 Social media engagement and buzz around chamomile herbal tea |
9 Latvia Chamomile Herbal Tea Market - Opportunity Assessment |
9.1 Latvia Chamomile Herbal Tea Market Opportunity Assessment, By Flower Type, 2021 & 2031F |
9.2 Latvia Chamomile Herbal Tea Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Chamomile Herbal Tea Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Latvia Chamomile Herbal Tea Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Chamomile Herbal Tea Market - Competitive Landscape |
10.1 Latvia Chamomile Herbal Tea Market Revenue Share, By Companies, 2024 |
10.2 Latvia Chamomile Herbal Tea 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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