| Product Code: ETC7911604 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on neighboring countries such as Lithuania, Poland, and Estonia as key sources of forage seed imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the negative compound annual growth rate (CAGR) from 2020 to 2024 suggests challenges in the industry. However, the significant growth rate of 111.21% from 2023 to 2024 demonstrates a potential resurgence in demand for forage seeds in Latvia, signaling opportunities for both domestic and international suppliers to capitalize on this market momentum.

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 Forage Seed Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Forage Seed Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Forage Seed Market - Industry Life Cycle |
3.4 Latvia Forage Seed Market - Porter's Five Forces |
3.5 Latvia Forage Seed Market Revenues & Volume Share, By Breeding Technology, 2021 & 2031F |
3.6 Latvia Forage Seed Market Revenues & Volume Share, By Crop, 2021 & 2031F |
4 Latvia Forage Seed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Forage Seed Market Trends |
6 Latvia Forage Seed Market, By Types |
6.1 Latvia Forage Seed Market, By Breeding Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Forage Seed Market Revenues & Volume, By Breeding Technology, 2021- 2031F |
6.1.3 Latvia Forage Seed Market Revenues & Volume, By Hybrids, 2021- 2031F |
6.1.4 Latvia Forage Seed Market Revenues & Volume, By Open Pollinated Varieties & Hybrid Derivatives, 2021- 2031F |
6.2 Latvia Forage Seed Market, By Crop |
6.2.1 Overview and Analysis |
6.2.2 Latvia Forage Seed Market Revenues & Volume, By Alfalfa, 2021- 2031F |
6.2.3 Latvia Forage Seed Market Revenues & Volume, By Forage Corn, 2021- 2031F |
6.2.4 Latvia Forage Seed Market Revenues & Volume, By Forage Sorghum, 2021- 2031F |
7 Latvia Forage Seed Market Import-Export Trade Statistics |
7.1 Latvia Forage Seed Market Export to Major Countries |
7.2 Latvia Forage Seed Market Imports from Major Countries |
8 Latvia Forage Seed Market Key Performance Indicators |
9 Latvia Forage Seed Market - Opportunity Assessment |
9.1 Latvia Forage Seed Market Opportunity Assessment, By Breeding Technology, 2021 & 2031F |
9.2 Latvia Forage Seed Market Opportunity Assessment, By Crop, 2021 & 2031F |
10 Latvia Forage Seed Market - Competitive Landscape |
10.1 Latvia Forage Seed Market Revenue Share, By Companies, 2024 |
10.2 Latvia Forage Seed 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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