| Product Code: ETC7924526 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of waxy maize starch (WMS) in 2024 saw significant contributions from top exporting countries like Germany, Lithuania, Italy, Serbia, and Czechia. Despite a slight decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained impressive at 12.67%. The high Herfindahl-Hirschman Index (HHI) signifies a concentrated market, emphasizing the dominant presence of key exporters. This data suggests a stable demand for WMS in Latvia, with key players maintaining their strong foothold in the 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 Waxy Maize Starch (WMS) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Waxy Maize Starch (WMS) Market - Industry Life Cycle |
3.4 Latvia Waxy Maize Starch (WMS) Market - Porter's Five Forces |
3.5 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Waxy Maize Starch (WMS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and clean label ingredients in the food industry. |
4.2.2 Growing awareness about the health benefits of waxy maize starch. |
4.2.3 Rising demand for convenience foods and processed products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices and availability. |
4.3.2 Intense competition from other starch sources like corn and potato starch. |
4.3.3 Regulatory challenges related to food safety and labeling requirements. |
5 Latvia Waxy Maize Starch (WMS) Market Trends |
6 Latvia Waxy Maize Starch (WMS) Market, By Types |
6.1 Latvia Waxy Maize Starch (WMS) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, By Native Starch, 2021- 2031F |
6.1.4 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, By Other Type, 2021- 2031F |
6.2 Latvia Waxy Maize Starch (WMS) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, By Personal Use, 2021- 2031F |
6.2.3 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, By Commercial Use, 2021- 2031F |
6.2.4 Latvia Waxy Maize Starch (WMS) Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Waxy Maize Starch (WMS) Market Import-Export Trade Statistics |
7.1 Latvia Waxy Maize Starch (WMS) Market Export to Major Countries |
7.2 Latvia Waxy Maize Starch (WMS) Market Imports from Major Countries |
8 Latvia Waxy Maize Starch (WMS) Market Key Performance Indicators |
8.1 Research and development investment in novel applications of waxy maize starch. |
8.2 Number of new product launches containing waxy maize starch. |
8.3 Adoption rate of waxy maize starch in different food and non-food applications. |
8.4 Sustainability initiatives in the waxy maize starch supply chain. |
8.5 Consumer perception surveys on the quality and benefits of products containing waxy maize starch. |
9 Latvia Waxy Maize Starch (WMS) Market - Opportunity Assessment |
9.1 Latvia Waxy Maize Starch (WMS) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Waxy Maize Starch (WMS) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Waxy Maize Starch (WMS) Market - Competitive Landscape |
10.1 Latvia Waxy Maize Starch (WMS) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Waxy Maize Starch (WMS) 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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