| Product Code: ETC7913864 | 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 |
Latvia`s import of kava root extract in 2024 continued to be dominated by key suppliers such as Poland, Lithuania, China, Metropolitan France, and Sweden. The market remained competitive with a low concentration level indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for the period 2020-2024 stood at a robust 11.26%, with a notable growth spurt of 11.64% from 2023 to 2024. This indicates a thriving market for kava root extract in Latvia, driven by consistent demand and diverse sources of import.

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 Kava Root Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Kava Root Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Kava Root Extract Market - Industry Life Cycle |
3.4 Latvia Kava Root Extract Market - Porter's Five Forces |
3.5 Latvia Kava Root Extract Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Latvia Kava Root Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Latvia Kava Root Extract Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.8 Latvia Kava Root Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Kava Root Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Kava Root Extract Market Trends |
6 Latvia Kava Root Extract Market, By Types |
6.1 Latvia Kava Root Extract Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Latvia Kava Root Extract Market Revenues & Volume, By Nature, 2021- 2031F |
6.1.3 Latvia Kava Root Extract Market Revenues & Volume, By Organic, 2021- 2031F |
6.1.4 Latvia Kava Root Extract Market Revenues & Volume, By Conventional, 2021- 2031F |
6.2 Latvia Kava Root Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Kava Root Extract Market Revenues & Volume, By Powder Extract, 2021- 2031F |
6.2.3 Latvia Kava Root Extract Market Revenues & Volume, By Liquid Extract, 2021- 2031F |
6.3 Latvia Kava Root Extract Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Kava Root Extract Market Revenues & Volume, By Hypermarkets and Supermarkets, 2021- 2031F |
6.3.3 Latvia Kava Root Extract Market Revenues & Volume, By Drug and Specialty Stores, 2021- 2031F |
6.3.4 Latvia Kava Root Extract Market Revenues & Volume, By Online Retail, 2021- 2031F |
6.3.5 Latvia Kava Root Extract Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Kava Root Extract Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Kava Root Extract Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.4.3 Latvia Kava Root Extract Market Revenues & Volume, By Cosmetics and Personal Care, 2021- 2031F |
6.4.4 Latvia Kava Root Extract Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.4.5 Latvia Kava Root Extract Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Kava Root Extract Market Import-Export Trade Statistics |
7.1 Latvia Kava Root Extract Market Export to Major Countries |
7.2 Latvia Kava Root Extract Market Imports from Major Countries |
8 Latvia Kava Root Extract Market Key Performance Indicators |
9 Latvia Kava Root Extract Market - Opportunity Assessment |
9.1 Latvia Kava Root Extract Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Latvia Kava Root Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Latvia Kava Root Extract Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.4 Latvia Kava Root Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Kava Root Extract Market - Competitive Landscape |
10.1 Latvia Kava Root Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Kava Root Extract 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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