| Product Code: ETC7912270 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of grain storage silos to Latvia in 2024 show a notable increase in concentration compared to the previous year, with top exporting countries being Estonia, Spain, Turkey, Sweden, and Lithuania. The industry experienced a significant growth rate of 88.08% from 2023 to 2024, indicating a surge in demand. Despite a negative CAGR of -9.2% from 2020 to 2024, the recent growth trend suggests a promising outlook for the grain storage silos market in Latvia. This shift towards moderate concentration reflects evolving market dynamics and potential opportunities for market players.

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 Grain Storage Silos Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Grain Storage Silos Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Grain Storage Silos Market - Industry Life Cycle |
3.4 Latvia Grain Storage Silos Market - Porter's Five Forces |
3.5 Latvia Grain Storage Silos Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Grain Storage Silos Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Latvia Grain Storage Silos Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for grain storage due to growing agricultural production in Latvia |
4.2.2 Government initiatives to support modernization and expansion of grain storage infrastructure |
4.2.3 Technological advancements in grain storage systems improving efficiency and reducing losses |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs of grain storage silos |
4.3.2 Fluctuating prices of grains impacting investment decisions in storage infrastructure |
4.3.3 Limited availability of suitable land for constructing new grain storage facilities |
5 Latvia Grain Storage Silos Market Trends |
6 Latvia Grain Storage Silos Market, By Types |
6.1 Latvia Grain Storage Silos Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Grain Storage Silos Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Grain Storage Silos Market Revenues & Volume, By Steel Silos, 2021- 2031F |
6.1.4 Latvia Grain Storage Silos Market Revenues & Volume, By Metal Silos, 2021- 2031F |
6.1.5 Latvia Grain Storage Silos Market Revenues & Volume, By Other Types, 2021- 2031F |
6.2 Latvia Grain Storage Silos Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Grain Storage Silos Market Revenues & Volume, By Flat Bottom Silos, 2021- 2031F |
6.2.3 Latvia Grain Storage Silos Market Revenues & Volume, By Hopper Bottom Silos, 2021- 2031F |
6.2.4 Latvia Grain Storage Silos Market Revenues & Volume, By Feed Hoppers, 2021- 2031F |
6.2.5 Latvia Grain Storage Silos Market Revenues & Volume, By Farm Silos, 2021- 2031F |
7 Latvia Grain Storage Silos Market Import-Export Trade Statistics |
7.1 Latvia Grain Storage Silos Market Export to Major Countries |
7.2 Latvia Grain Storage Silos Market Imports from Major Countries |
8 Latvia Grain Storage Silos Market Key Performance Indicators |
8.1 Average utilization rate of existing grain storage silos |
8.2 Adoption rate of advanced technology in grain storage systems |
8.3 Percentage increase in grain production in Latvia |
8.4 Average storage capacity per farm |
8.5 Percentage of government grants allocated for grain storage infrastructure improvements |
9 Latvia Grain Storage Silos Market - Opportunity Assessment |
9.1 Latvia Grain Storage Silos Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Grain Storage Silos Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Latvia Grain Storage Silos Market - Competitive Landscape |
10.1 Latvia Grain Storage Silos Market Revenue Share, By Companies, 2024 |
10.2 Latvia Grain Storage Silos 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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