| Product Code: ETC4845776 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a significant volume of potato flakes imports, with top exporting countries being Belgium, Estonia, Lithuania, Spain, and Poland. The industry maintained a high level of concentration, as indicated by the Herfindahl-Hirschman Index (HHI). Despite a strong compound annual growth rate (CAGR) of 16.53% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -14.03%. This data suggests a dynamic market for potato flakes in Latvia, with key players from various countries contributing to the import landscape.

In the Europe region, the Potato Flakes market in Latvia is projected to expand at a stable growth rate of 0.72% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Potato Flakes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Potato Flakes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Potato Flakes Market - Industry Life Cycle |
3.4 Latvia Potato Flakes Market - Porter's Five Forces |
3.5 Latvia Potato Flakes Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.6 Latvia Potato Flakes Market Revenues & Volume Share, By Nature, 2021 & 2031F |
4 Latvia Potato Flakes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for convenient and easy-to-prepare food products |
4.2.2 Growth in the food processing industry in Latvia |
4.2.3 Rising popularity of instant meals and snacks |
4.3 Market Restraints |
4.3.1 Fluctuations in potato prices and availability |
4.3.2 Competition from other convenience food products |
4.3.3 Concerns about the nutritional value of potato flakes compared to fresh potatoes |
5 Latvia Potato Flakes Market Trends |
6 Latvia Potato Flakes Market Segmentations |
6.1 Latvia Potato Flakes Market, By End Use |
6.1.1 Overview and Analysis |
6.1.2 Latvia Potato Flakes Market Revenues & Volume, By Business to Consumers, 2021-2031F |
6.1.3 Latvia Potato Flakes Market Revenues & Volume, By Hypermarket/Supermarket, 2021-2031F |
6.1.4 Latvia Potato Flakes Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.1.5 Latvia Potato Flakes Market Revenues & Volume, By Specialty Store, 2021-2031F |
6.1.6 Latvia Potato Flakes Market Revenues & Volume, By Traditional Grocery, 2021-2031F |
6.1.7 Latvia Potato Flakes Market Revenues & Volume, By Online Retailers, 2021-2031F |
6.1.9 Latvia Potato Flakes Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.1.10 Latvia Potato Flakes Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2 Latvia Potato Flakes Market, By Nature |
6.2.1 Overview and Analysis |
6.2.2 Latvia Potato Flakes Market Revenues & Volume, By Organic, 2021-2031F |
6.2.3 Latvia Potato Flakes Market Revenues & Volume, By Conventional, 2021-2031F |
7 Latvia Potato Flakes Market Import-Export Trade Statistics |
7.1 Latvia Potato Flakes Market Export to Major Countries |
7.2 Latvia Potato Flakes Market Imports from Major Countries |
8 Latvia Potato Flakes Market Key Performance Indicators |
8.1 Average selling price of potato flakes |
8.2 Number of new product launches in the potato flakes segment |
8.3 Percentage of households using potato flakes in their regular cooking routines |
9 Latvia Potato Flakes Market - Opportunity Assessment |
9.1 Latvia Potato Flakes Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.2 Latvia Potato Flakes Market Opportunity Assessment, By Nature, 2021 & 2031F |
10 Latvia Potato Flakes Market - Competitive Landscape |
10.1 Latvia Potato Flakes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Potato Flakes 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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