| Product Code: ETC7908590 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant import shipments of corn and corn starch derivatives, with top exporting countries being Russia, Lithuania, Poland, Germany, and Ukraine. Despite the high concentration of the Herfindahl-Hirschman Index (HHI), indicating a dominant market presence of these exporters, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a positive 2.93%. However, there was a notable decline in growth rate from 2023 to 2024 at -71.94%, suggesting potential market challenges or shifts in demand dynamics during that period.

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 Corn & Corn Starch Derivatives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Corn & Corn Starch Derivatives Market - Industry Life Cycle |
3.4 Latvia Corn & Corn Starch Derivatives Market - Porter's Five Forces |
3.5 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Corn & Corn Starch Derivatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Corn & Corn Starch Derivatives Market Trends |
6 Latvia Corn & Corn Starch Derivatives Market, By Types |
6.1 Latvia Corn & Corn Starch Derivatives Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Corn starch, 2021- 2031F |
6.1.4 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Corn starch derivatives, 2021- 2031F |
6.1.5 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Corn oil, 2021- 2031F |
6.1.6 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Corn flour, 2021- 2031F |
6.1.7 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Corn meal/flakes/grits, 2021- 2031F |
6.1.8 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Corn protein, 2021- 2031F |
6.2 Latvia Corn & Corn Starch Derivatives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.2.3 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Animal feed, 2021- 2031F |
6.2.4 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Paper and Board, 2021- 2031F |
6.2.5 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.2.6 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Biodiesel, 2021- 2031F |
6.2.7 Latvia Corn & Corn Starch Derivatives Market Revenues & Volume, By Textiles, 2021- 2031F |
7 Latvia Corn & Corn Starch Derivatives Market Import-Export Trade Statistics |
7.1 Latvia Corn & Corn Starch Derivatives Market Export to Major Countries |
7.2 Latvia Corn & Corn Starch Derivatives Market Imports from Major Countries |
8 Latvia Corn & Corn Starch Derivatives Market Key Performance Indicators |
9 Latvia Corn & Corn Starch Derivatives Market - Opportunity Assessment |
9.1 Latvia Corn & Corn Starch Derivatives Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Corn & Corn Starch Derivatives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Corn & Corn Starch Derivatives Market - Competitive Landscape |
10.1 Latvia Corn & Corn Starch Derivatives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Corn & Corn Starch Derivatives 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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