| Product Code: ETC4719958 | 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 nickel sulfate import market in 2024 continued to be dominated by top exporting countries such as Poland, Lithuania, Turkey, Denmark, and Germany. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 2.63%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. This data suggests that Latvia`s nickel sulfate import market is stable with established trade relationships with key exporting countries, while also facing some fluctuations in growth in recent years.

Latvia's Nickel sulfate market is anticipated to experience a stable growth rate of 0.58% by 2027, reflecting trends observed in the largest economy 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 Nickel sulfate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Nickel sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Nickel sulfate Market - Industry Life Cycle |
3.4 Latvia Nickel sulfate Market - Porter's Five Forces |
3.5 Latvia Nickel sulfate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Latvia Nickel sulfate Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Nickel sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increased demand for lithium-ion batteries, in which nickel sulfate is a key component. |
4.2.2 Growing focus on electric vehicles and renewable energy sources, boosting the demand for nickel sulfate. |
4.2.3 Technological advancements leading to enhanced production processes and product quality. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like nickel and sulfur impacting the production cost of nickel sulfate. |
4.3.2 Environmental regulations and sustainability concerns affecting the mining and production of nickel sulfate. |
4.3.3 Competition from alternative materials or substitutes in the battery industry. |
5 Latvia Nickel sulfate Market Trends |
6 Latvia Nickel sulfate Market Segmentations |
6.1 Latvia Nickel sulfate Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Latvia Nickel sulfate Market Revenues & Volume, By EN Grade, 2021-2031F |
6.1.3 Latvia Nickel sulfate Market Revenues & Volume, By Plating Grade, 2021-2031F |
6.1.4 Latvia Nickel sulfate Market Revenues & Volume, By High-purity Grade, 2021-2031F |
6.2 Latvia Nickel sulfate Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Nickel sulfate Market Revenues & Volume, By Metal Surface Treatment, 2021-2031F |
6.2.3 Latvia Nickel sulfate Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.2.4 Latvia Nickel sulfate Market Revenues & Volume, By Battery, 2021-2031F |
6.2.5 Latvia Nickel sulfate Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Nickel sulfate Market Import-Export Trade Statistics |
7.1 Latvia Nickel sulfate Market Export to Major Countries |
7.2 Latvia Nickel sulfate Market Imports from Major Countries |
8 Latvia Nickel sulfate Market Key Performance Indicators |
8.1 Average selling price of nickel sulfate. |
8.2 Percentage of nickel sulfate produced using sustainable practices. |
8.3 Research and development investment in improving nickel sulfate production efficiency. |
8.4 Percentage of nickel sulfate production meeting quality standards. |
8.5 Adoption rate of nickel sulfate in new battery technologies. |
9 Latvia Nickel sulfate Market - Opportunity Assessment |
9.1 Latvia Nickel sulfate Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Latvia Nickel sulfate Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Nickel sulfate Market - Competitive Landscape |
10.1 Latvia Nickel sulfate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Nickel sulfate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |