| Product Code: ETC7914880 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Latvia makeup base import market experienced significant growth in 2024, with top exporting countries being Germany, Poland, China, Lithuania, and Belgium. The market concentration, as measured by HHI, increased from moderate to high in 2024, indicating a more competitive landscape. The impressive CAGR of 20.6% from 2020 to 2024 and a remarkable growth rate of 50.25% from 2023 to 2024 demonstrate a strong demand for makeup bases in Latvia, presenting opportunities for both local and foreign suppliers to capitalize on this expanding market.

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 Makeup Base Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Makeup Base Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Makeup Base Market - Industry Life Cycle |
3.4 Latvia Makeup Base Market - Porter's Five Forces |
3.5 Latvia Makeup Base Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Makeup Base Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Makeup Base Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing beauty consciousness and makeup trends among consumers in Latvia |
4.2.2 Increasing adoption of makeup base products due to influence from social media and beauty influencers |
4.2.3 Rising disposable income levels leading to higher spending on beauty and cosmetics products |
4.3 Market Restraints |
4.3.1 High competition among makeup base brands in the Latvia market |
4.3.2 Fluctuating raw material prices impacting product costs and profitability |
4.3.3 Regulatory challenges related to product safety and compliance in the cosmetics industry |
5 Latvia Makeup Base Market Trends |
6 Latvia Makeup Base Market, By Types |
6.1 Latvia Makeup Base Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Makeup Base Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Makeup Base Market Revenues & Volume, By Foundation, 2021- 2031F |
6.1.4 Latvia Makeup Base Market Revenues & Volume, By Concealer, 2021- 2031F |
6.1.5 Latvia Makeup Base Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.6 Latvia Makeup Base Market Revenues & Volume, By Primer, 2021- 2031F |
6.2 Latvia Makeup Base Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Makeup Base Market Revenues & Volume, By Online, 2021- 2031F |
6.2.3 Latvia Makeup Base Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Makeup Base Market Import-Export Trade Statistics |
7.1 Latvia Makeup Base Market Export to Major Countries |
7.2 Latvia Makeup Base Market Imports from Major Countries |
8 Latvia Makeup Base Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms related to makeup base products |
8.2 Number of new product launches and innovations in the makeup base market in Latvia |
8.3 Growth in online sales of makeup base products in the Latvian market |
9 Latvia Makeup Base Market - Opportunity Assessment |
9.1 Latvia Makeup Base Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Makeup Base Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Makeup Base Market - Competitive Landscape |
10.1 Latvia Makeup Base Market Revenue Share, By Companies, 2024 |
10.2 Latvia Makeup Base 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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