| Product Code: ETC4746026 | 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 |
Despite a slight decline in growth rate in 2024, Latvia`s sodium molybdate import market continued to be dominated by top exporters such as Poland, Lithuania, Turkey, Germany, and Denmark. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to pricing power for these key players. With a moderate Compound Annual Growth Rate (CAGR) of 2.67% from 2020 to 2024, the market shows steady growth. While the negative growth rate in 2024 may raise some concerns, overall, the import shipments of sodium molybdate into Latvia remain stable and supported by consistent demand.

By 2027, the Sodium molybdate market in Latvia is anticipated to reach a growth rate of 0.98%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Sodium molybdate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sodium molybdate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sodium molybdate Market - Industry Life Cycle |
3.4 Latvia Sodium molybdate Market - Porter's Five Forces |
3.5 Latvia Sodium molybdate Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Sodium molybdate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Sodium molybdate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sodium molybdate in agriculture sector for soil treatment and crop production |
4.2.2 Increasing use of sodium molybdate in manufacturing industries such as chemicals, pharmaceuticals, and electronics |
4.2.3 Technological advancements leading to new applications and formulations of sodium molybdate |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of sodium molybdate |
4.3.2 Stringent regulations related to environmental concerns and worker safety in the production of sodium molybdate |
4.3.3 Competition from alternative products or substitutes in the market |
5 Latvia Sodium molybdate Market Trends |
6 Latvia Sodium molybdate Market Segmentations |
6.1 Latvia Sodium molybdate Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sodium molybdate Market Revenues & Volume, By Crystal, 2021-2031F |
6.1.3 Latvia Sodium molybdate Market Revenues & Volume, By Solution, 2021-2031F |
6.2 Latvia Sodium molybdate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sodium molybdate Market Revenues & Volume, By Water treatment, 2021-2031F |
6.2.3 Latvia Sodium molybdate Market Revenues & Volume, By Fertilizer, 2021-2031F |
6.2.4 Latvia Sodium molybdate Market Revenues & Volume, By Pigments & dye, 2021-2031F |
6.2.5 Latvia Sodium molybdate Market Revenues & Volume, By Corrosion inhibition, 2021-2031F |
6.2.6 Latvia Sodium molybdate Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Sodium molybdate Market Import-Export Trade Statistics |
7.1 Latvia Sodium molybdate Market Export to Major Countries |
7.2 Latvia Sodium molybdate Market Imports from Major Countries |
8 Latvia Sodium molybdate Market Key Performance Indicators |
8.1 Research and development investment in new sodium molybdate applications |
8.2 Adoption rate of sodium molybdate in emerging industries |
8.3 Sustainability initiatives in sodium molybdate production and supply chain management |
9 Latvia Sodium molybdate Market - Opportunity Assessment |
9.1 Latvia Sodium molybdate Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Sodium molybdate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Sodium molybdate Market - Competitive Landscape |
10.1 Latvia Sodium molybdate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sodium molybdate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |