| Product Code: ETC4731529 | 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 corn starch import market saw significant growth with a 12.67% CAGR from 2020 to 2024, although a slight decline of -9.73% was observed in 2024. The top exporting countries to Latvia in 2024 were Germany, Lithuania, Italy, Serbia, and Czechia, indicating a diverse mix of suppliers. Despite the presence of multiple exporting countries, the market remained highly concentrated, as indicated by the high HHI value. This suggests a competitive landscape with dominant players maintaining a stronghold in the Latvian corn starch import market.

In the Europe region, the Corn Starch market in Latvia is projected to expand at a stable growth rate of 0.48% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Starch Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Corn Starch Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Corn Starch Market - Industry Life Cycle |
3.4 Latvia Corn Starch Market - Porter's Five Forces |
3.5 Latvia Corn Starch Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Corn Starch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Corn Starch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for gluten-free products |
4.2.2 Increasing usage of corn starch in various industries such as food, pharmaceuticals, and textiles |
4.2.3 Rising awareness about the benefits of corn starch as a thickening agent in food products |
4.3 Market Restraints |
4.3.1 Fluctuations in corn prices affecting production costs |
4.3.2 Competition from alternative starch sources like tapioca and potato starch |
4.3.3 Regulatory challenges related to food safety standards and labeling requirements |
5 Latvia Corn Starch Market Trends |
6 Latvia Corn Starch Market Segmentations |
6.1 Latvia Corn Starch Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Corn Starch Market Revenues & Volume, By Native Starch, 2021-2031F |
6.1.3 Latvia Corn Starch Market Revenues & Volume, By Modified Starch, 2021-2031F |
6.1.4 Latvia Corn Starch Market Revenues & Volume, By Sweeteners, 2021-2031F |
6.2 Latvia Corn Starch Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Corn Starch Market Revenues & Volume, By Food and Beverages, 2021-2031F |
6.2.3 Latvia Corn Starch Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.4 Latvia Corn Starch Market Revenues & Volume, By Pharmaceuticals and Chemicals, 2021-2031F |
6.2.5 Latvia Corn Starch Market Revenues & Volume, By Textiles, 2021-2031F |
6.2.6 Latvia Corn Starch Market Revenues & Volume, By Paper and Corrugates, 2021-2031F |
6.2.7 Latvia Corn Starch Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Corn Starch Market Import-Export Trade Statistics |
7.1 Latvia Corn Starch Market Export to Major Countries |
7.2 Latvia Corn Starch Market Imports from Major Countries |
8 Latvia Corn Starch Market Key Performance Indicators |
8.1 Average selling price of corn starch |
8.2 Volume of corn starch exports from Latvia |
8.3 Number of new product launches containing corn starch in the Latvian market |
9 Latvia Corn Starch Market - Opportunity Assessment |
9.1 Latvia Corn Starch Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Corn Starch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Corn Starch Market - Competitive Landscape |
10.1 Latvia Corn Starch Market Revenue Share, By Companies, 2024 |
10.2 Latvia Corn Starch 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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