Latvia Sardine Market (2025-2031) | Analysis, Share, Forecast, Industry, Growth, Trends, Segmentation, Value, Companies, Outlook, Revenue & Size
Market Forecast By Type (Fresh Sardine, Frozen Sardine, Canned Sardine, Sardine Meals), By Species (Sardinops Caeruleus, Sardinella Longiceps, Sardinella Gibbosa, Sardinella Aurita, Sardina Pilchardus, Others), By End-Use (Food Processing, Animal Feed, Dietary Supplements, Others), By Distribution Channel (Direct Sales, Indirect Sales) And Competitive Landscape
| Product Code: ETC4675802 | 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 |
Latvia Sardine Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s sardine import market saw significant growth in 2024, with top exporters being Germany, Iceland, Italy, Estonia, and Spain. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), increased from high to very high in 2024. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 was a steady 2.05%, while the growth rate from 2023 to 2024 surged to an impressive 71.08%. These trends indicate a strong demand for sardine imports in Latvia and suggest a lucrative market for exporters.
Sardine Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
In the Europe region, the Sardine market in Latvia is projected to expand at a stable growth rate of 2.77% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.
Key Highlights of the Report:
- Latvia Sardine Market Outlook
- Market Size of Latvia Sardine Market, 2024
- Forecast of Latvia Sardine Market, 2031
- Historical Data and Forecast of Latvia Sardine Revenues & Volume for the Period 2021-2031
- Latvia Sardine Market Trend Evolution
- Latvia Sardine Market Drivers and Challenges
- Latvia Sardine Price Trends
- Latvia Sardine Porter`s Five Forces
- Latvia Sardine Industry Life Cycle
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Fresh Sardine for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Frozen Sardine for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Canned Sardine for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Sardine Meals for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Species for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Sardinops Caeruleus for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Sardinella Longiceps for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Sardinella Gibbosa for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Sardinella Aurita for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Sardina Pilchardus for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By End-Use for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Food Processing for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Animal Feed for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Dietary Supplements for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Direct Sales for the Period 2021-2031
- Historical Data and Forecast of Latvia Sardine Market Revenues & Volume By Indirect Sales for the Period 2021-2031
- Latvia Sardine Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Species
- Market Opportunity Assessment By End-Use
- Market Opportunity Assessment By Distribution Channel
- Latvia Sardine Top Companies Market Share
- Latvia Sardine Competitive Benchmarking By Technical and Operational Parameters
- Latvia Sardine Company Profiles
- Latvia Sardine Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Sardine Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Sardine Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Sardine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sardine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sardine Market - Industry Life Cycle |
3.4 Latvia Sardine Market - Porter's Five Forces |
3.5 Latvia Sardine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Sardine Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Latvia Sardine Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.8 Latvia Sardine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Sardine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Sardine Market Trends |
6 Latvia Sardine Market Segmentations |
6.1 Latvia Sardine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sardine Market Revenues & Volume, By Fresh Sardine, 2021-2031F |
6.1.3 Latvia Sardine Market Revenues & Volume, By Frozen Sardine, 2021-2031F |
6.1.4 Latvia Sardine Market Revenues & Volume, By Canned Sardine, 2021-2031F |
6.1.5 Latvia Sardine Market Revenues & Volume, By Sardine Meals, 2021-2031F |
6.2 Latvia Sardine Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sardine Market Revenues & Volume, By Sardinops Caeruleus, 2021-2031F |
6.2.3 Latvia Sardine Market Revenues & Volume, By Sardinella Longiceps, 2021-2031F |
6.2.4 Latvia Sardine Market Revenues & Volume, By Sardinella Gibbosa, 2021-2031F |
6.2.5 Latvia Sardine Market Revenues & Volume, By Sardinella Aurita, 2021-2031F |
6.2.6 Latvia Sardine Market Revenues & Volume, By Sardina Pilchardus, 2021-2031F |
6.2.7 Latvia Sardine Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Sardine Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Sardine Market Revenues & Volume, By Food Processing, 2021-2031F |
6.3.3 Latvia Sardine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.4 Latvia Sardine Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.5 Latvia Sardine Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Sardine Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Sardine Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.4.3 Latvia Sardine Market Revenues & Volume, By Indirect Sales, 2021-2031F |
7 Latvia Sardine Market Import-Export Trade Statistics |
7.1 Latvia Sardine Market Export to Major Countries |
7.2 Latvia Sardine Market Imports from Major Countries |
8 Latvia Sardine Market Key Performance Indicators |
9 Latvia Sardine Market - Opportunity Assessment |
9.1 Latvia Sardine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Sardine Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Latvia Sardine Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.4 Latvia Sardine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Sardine Market - Competitive Landscape |
10.1 Latvia Sardine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sardine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential assessment - trade Analytics for 2030
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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