| Product Code: ETC4995002 | 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 cod import market in 2024 continued to be dominated by key suppliers such as Iceland, Denmark, Norway, Sweden, and Lithuania. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a significant uptick in growth from 2023 to 2024 at 44.9%. The high concentration of market share, as indicated by the Herfindahl-Hirschman Index (HHI), suggests a competitive landscape with a few major players controlling a significant portion of the market. This trend underscores the importance of strategic partnerships and market positioning for stakeholders in the Latvian cod import industry.

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 COD Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia COD Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia COD Market - Industry Life Cycle |
3.4 Latvia COD Market - Porter's Five Forces |
3.5 Latvia COD Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Latvia COD Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Latvia COD Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Latvia COD Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia COD Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of consuming cod fish. |
4.2.2 Growth in demand for seafood products due to changing dietary preferences towards healthier options. |
4.2.3 Rise in disposable income leading to higher spending on premium seafood products. |
4.3 Market Restraints |
4.3.1 Fluctuations in cod fish availability due to environmental factors or overfishing. |
4.3.2 Rising competition from other seafood products in the market. |
5 Latvia COD Market Trends |
6 Latvia COD Market Segmentations |
6.1 Latvia COD Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Latvia COD Market Revenues & Volume, By Atlantic Cod Fish, 2021-2031F |
6.1.3 Latvia COD Market Revenues & Volume, By Pacific Cod Fish, 2021-2031F |
6.1.4 Latvia COD Market Revenues & Volume, By Greenland Cod Fish, 2021-2031F |
6.1.5 Latvia COD Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia COD Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia COD Market Revenues & Volume, By Farmed, 2021-2031F |
6.2.3 Latvia COD Market Revenues & Volume, By Wild Capture, 2021-2031F |
6.3 Latvia COD Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia COD Market Revenues & Volume, By Fresh, 2021-2031F |
6.3.3 Latvia COD Market Revenues & Volume, By Canned, 2021-2031F |
6.3.4 Latvia COD Market Revenues & Volume, By Frozen, 2021-2031F |
6.3.5 Latvia COD Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia COD Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia COD Market Revenues & Volume, By Institutional, 2021-2031F |
6.4.3 Latvia COD Market Revenues & Volume, By Retail, 2021-2031F |
7 Latvia COD Market Import-Export Trade Statistics |
7.1 Latvia COD Market Export to Major Countries |
7.2 Latvia COD Market Imports from Major Countries |
8 Latvia COD Market Key Performance Indicators |
8.1 Average selling price of cod fish in Latvia. |
8.2 Percentage of market penetration of cod fish products in the seafood market. |
8.3 Consumer sentiment towards cod fish consumption based on surveys or feedback. |
9 Latvia COD Market - Opportunity Assessment |
9.1 Latvia COD Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Latvia COD Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Latvia COD Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Latvia COD Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia COD Market - Competitive Landscape |
10.1 Latvia COD Market Revenue Share, By Companies, 2024 |
10.2 Latvia COD 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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