| Product Code: ETC7919370 | 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 |
In 2024, Latvia experienced a significant increase in potassium citrate import shipments, with top exporting countries being Germany, Poland, China, Lithuania, and Estonia. The Herfindahl-Hirschman Index (HHI) indicated a very high concentration of imports in 2024, reflecting a competitive market environment. With a remarkable compound annual growth rate (CAGR) of 22.36% from 2020 to 2024, the industry has shown strong expansion. Although the growth rate slightly decelerated from 2023 to 2024 at 2.4%, the overall trend suggests a robust demand for potassium citrate in Latvia.

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 Potassium Citrate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Potassium Citrate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Potassium Citrate Market - Industry Life Cycle |
3.4 Latvia Potassium Citrate Market - Porter's Five Forces |
3.5 Latvia Potassium Citrate Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.6 Latvia Potassium Citrate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Potassium Citrate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of potassium citrate |
4.2.2 Growing demand for potassium citrate in the food and beverage industry |
4.2.3 Rising prevalence of kidney stones and urinary tract infections driving the demand for potassium citrate |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in potassium citrate production |
4.3.2 Stringent regulations and standards governing the use of potassium citrate in different industries |
4.3.3 Competition from alternative products with similar functionalities |
5 Latvia Potassium Citrate Market Trends |
6 Latvia Potassium Citrate Market, By Types |
6.1 Latvia Potassium Citrate Market, By Grade Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Potassium Citrate Market Revenues & Volume, By Grade Type, 2021- 2031F |
6.1.3 Latvia Potassium Citrate Market Revenues & Volume, By Industrial, 2021- 2031F |
6.1.4 Latvia Potassium Citrate Market Revenues & Volume, By Food, 2021- 2031F |
6.1.5 Latvia Potassium Citrate Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2 Latvia Potassium Citrate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Potassium Citrate Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.2.3 Latvia Potassium Citrate Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.4 Latvia Potassium Citrate Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Latvia Potassium Citrate Market Revenues & Volume, By Cosmetics, 2021- 2031F |
7 Latvia Potassium Citrate Market Import-Export Trade Statistics |
7.1 Latvia Potassium Citrate Market Export to Major Countries |
7.2 Latvia Potassium Citrate Market Imports from Major Countries |
8 Latvia Potassium Citrate Market Key Performance Indicators |
8.1 Number of new product launches containing potassium citrate |
8.2 Growth in the number of applications for potassium citrate in different industries |
8.3 Increase in research and development investments in potassium citrate formulations and applications |
9 Latvia Potassium Citrate Market - Opportunity Assessment |
9.1 Latvia Potassium Citrate Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
9.2 Latvia Potassium Citrate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Potassium Citrate Market - Competitive Landscape |
10.1 Latvia Potassium Citrate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Potassium Citrate 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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