| Product Code: ETC4861736 | 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`s magnesium sulphate import market in 2024 showed a high concentration of supply from top exporters including Germany, Denmark, Finland, Lithuania, and the Netherlands. Despite a significant decline in the compound annual growth rate (CAGR) from 2020 to 2024 at -14.12%, the market experienced a sharp drop in growth rate from 2023 to 2024 at -48.42%. This indicates a challenging environment for the magnesium sulphate import industry in Latvia, with potential implications for future market dynamics and strategies.

By 2027, Latvia's Magnesium Sulphate market is forecasted to achieve a stable growth rate of 4.82%, with Germany leading the Europe region, 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 Magnesium Sulphate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Magnesium Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Magnesium Sulphate Market - Industry Life Cycle |
3.4 Latvia Magnesium Sulphate Market - Porter's Five Forces |
3.5 Latvia Magnesium Sulphate Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Magnesium Sulphate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Magnesium Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for magnesium sulphate in agriculture for soil amendment and crop nutrition |
4.2.2 Growing applications in healthcare industry for treating conditions like pre-eclampsia and eclampsia |
4.2.3 Rise in use of magnesium sulphate in industrial applications such as in the production of fertilizers and cosmetics |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of magnesium sulphate |
4.3.2 Stringent regulations related to the use and disposal of magnesium sulphate |
4.3.3 Competition from alternative products or substitutes in various industries |
5 Latvia Magnesium Sulphate Market Trends |
6 Latvia Magnesium Sulphate Market Segmentations |
6.1 Latvia Magnesium Sulphate Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Magnesium Sulphate Market Revenues & Volume, By Heptahydrate, 2021-2031F |
6.1.3 Latvia Magnesium Sulphate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.1.4 Latvia Magnesium Sulphate Market Revenues & Volume, By Monohydrate, 2021-2031F |
6.2 Latvia Magnesium Sulphate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Magnesium Sulphate Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 Latvia Magnesium Sulphate Market Revenues & Volume, By Food & Feed additives, 2021-2031F |
6.2.4 Latvia Magnesium Sulphate Market Revenues & Volume, By Pharmaceuticals & Personal Care, 2021-2031F |
6.2.5 Latvia Magnesium Sulphate Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.6 Latvia Magnesium Sulphate Market Revenues & Volume, By Pulp & Paper, 2021-2031F |
6.2.7 Latvia Magnesium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Magnesium Sulphate Market Import-Export Trade Statistics |
7.1 Latvia Magnesium Sulphate Market Export to Major Countries |
7.2 Latvia Magnesium Sulphate Market Imports from Major Countries |
8 Latvia Magnesium Sulphate Market Key Performance Indicators |
8.1 Number of new product developments or innovations in the magnesium sulphate market |
8.2 Growth in the number of partnerships or collaborations within the industry |
8.3 Percentage increase in the adoption of magnesium sulphate in new applications or industries |
9 Latvia Magnesium Sulphate Market - Opportunity Assessment |
9.1 Latvia Magnesium Sulphate Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Magnesium Sulphate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Magnesium Sulphate Market - Competitive Landscape |
10.1 Latvia Magnesium Sulphate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Magnesium Sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |