| Product Code: ETC5012425 | 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 compound feed import market saw a steady increase in shipments in 2024, with top exporters including Lithuania, Metropolitan France, Germany, Denmark, and Poland. The market remained moderately concentrated with a Herfindahl-Hirschman Index (HHI) indicating stable competition. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 17.18%, reflecting a growing demand for compound feed products in Latvia. The growth rate from 2023 to 2024 was also strong at 12.14%, pointing towards a positive outlook for the industry 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 Compound Feed Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Compound Feed Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Compound Feed Market - Industry Life Cycle |
3.4 Latvia Compound Feed Market - Porter's Five Forces |
3.5 Latvia Compound Feed Market Revenues & Volume Share, By Ingredients, 2021 & 2031F |
3.6 Latvia Compound Feed Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Latvia Compound Feed Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Latvia Compound Feed Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
4 Latvia Compound Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality animal products |
4.2.2 Growth in the livestock industry in Latvia |
4.2.3 Technological advancements in feed production processes |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations on feed ingredients and additives |
4.3.3 Competition from alternative feed sources |
5 Latvia Compound Feed Market Trends |
6 Latvia Compound Feed Market Segmentations |
6.1 Latvia Compound Feed Market, By Ingredients |
6.1.1 Overview and Analysis |
6.1.2 Latvia Compound Feed Market Revenues & Volume, By Cereals, 2021-2031F |
6.1.3 Latvia Compound Feed Market Revenues & Volume, By Cakes & Meals, 2021-2031F |
6.2 Latvia Compound Feed Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Compound Feed Market Revenues & Volume, By Plant-based, 2021-2031F |
6.2.3 Latvia Compound Feed Market Revenues & Volume, By Animal-based, 2021-2031F |
6.3 Latvia Compound Feed Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Compound Feed Market Revenues & Volume, By Mash, 2021-2031F |
6.3.3 Latvia Compound Feed Market Revenues & Volume, By Pellet, 2021-2031F |
6.3.4 Latvia Compound Feed Market Revenues & Volume, By Crumble, 2021-2031F |
6.3.5 Latvia Compound Feed Market Revenues & Volume, By Other Forms, 2021-2031F |
6.4 Latvia Compound Feed Market, By Livestock |
6.4.1 Overview and Analysis |
6.4.2 Latvia Compound Feed Market Revenues & Volume, By Poultry, 2021-2031F |
6.4.3 Latvia Compound Feed Market Revenues & Volume, By Ruminants, 2021-2031F |
6.4.4 Latvia Compound Feed Market Revenues & Volume, By Swine, 2021-2031F |
6.4.5 Latvia Compound Feed Market Revenues & Volume, By Aquaculture, 2021-2031F |
6.4.6 Latvia Compound Feed Market Revenues & Volume, By Other Livestock, 2021-2031F |
7 Latvia Compound Feed Market Import-Export Trade Statistics |
7.1 Latvia Compound Feed Market Export to Major Countries |
7.2 Latvia Compound Feed Market Imports from Major Countries |
8 Latvia Compound Feed Market Key Performance Indicators |
8.1 Average cost of raw materials per unit of compound feed produced |
8.2 Percentage of compound feed meeting regulatory standards |
8.3 Adoption rate of advanced feed production technologies |
9 Latvia Compound Feed Market - Opportunity Assessment |
9.1 Latvia Compound Feed Market Opportunity Assessment, By Ingredients, 2021 & 2031F |
9.2 Latvia Compound Feed Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Latvia Compound Feed Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Latvia Compound Feed Market Opportunity Assessment, By Livestock, 2021 & 2031F |
10 Latvia Compound Feed Market - Competitive Landscape |
10.1 Latvia Compound Feed Market Revenue Share, By Companies, 2024 |
10.2 Latvia Compound Feed 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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