| Product Code: ETC11432437 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s import shipments of 2 phenylethanol saw a significant increase in concentration levels in 2024, with China, Germany, Netherlands, Spain, and Italy emerging as the top exporting countries. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at an impressive 9.96%, while the growth rate from 2023 to 2024 spiked at a remarkable 70.15%. This data indicates a growing demand for 2 phenylethanol in Latvia, with key players in the market intensifying their export activities to cater to this surge in demand.

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 2 Phenylethanol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia 2 Phenylethanol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia 2 Phenylethanol Market - Industry Life Cycle |
3.4 Latvia 2 Phenylethanol Market - Porter's Five Forces |
3.5 Latvia 2 Phenylethanol Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia 2 Phenylethanol Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 Latvia 2 Phenylethanol Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Latvia 2 Phenylethanol Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia 2 Phenylethanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and organic ingredients in various industries such as cosmetics, perfumes, and food products. |
4.2.2 Growing awareness among consumers regarding the benefits of using eco-friendly and sustainable products. |
4.2.3 Rising trend of clean label products and preference for products with minimal chemical additives. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices, such as rose oil, which is a key ingredient in the production of 2-phenylethanol. |
4.3.2 Stringent regulations and compliance requirements related to the manufacturing and usage of 2-phenylethanol in different applications. |
4.3.3 Competition from synthetic alternatives and other fragrance ingredients in the market. |
5 Latvia 2 Phenylethanol Market Trends |
6 Latvia 2 Phenylethanol Market, By Types |
6.1 Latvia 2 Phenylethanol Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia 2 Phenylethanol Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Latvia 2 Phenylethanol Market Revenues & Volume, By Fragrances, 2021 - 2031F |
6.1.4 Latvia 2 Phenylethanol Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.1.5 Latvia 2 Phenylethanol Market Revenues & Volume, By Solvents, 2021 - 2031F |
6.2 Latvia 2 Phenylethanol Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia 2 Phenylethanol Market Revenues & Volume, By Cosmetics, 2021 - 2031F |
6.2.3 Latvia 2 Phenylethanol Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.2.4 Latvia 2 Phenylethanol Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.3 Latvia 2 Phenylethanol Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia 2 Phenylethanol Market Revenues & Volume, By Natural, 2021 - 2031F |
6.3.3 Latvia 2 Phenylethanol Market Revenues & Volume, By Synthetic, 2021 - 2031F |
6.4 Latvia 2 Phenylethanol Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia 2 Phenylethanol Market Revenues & Volume, By Online, 2021 - 2031F |
6.4.3 Latvia 2 Phenylethanol Market Revenues & Volume, By Offline, 2021 - 2031F |
7 Latvia 2 Phenylethanol Market Import-Export Trade Statistics |
7.1 Latvia 2 Phenylethanol Market Export to Major Countries |
7.2 Latvia 2 Phenylethanol Market Imports from Major Countries |
8 Latvia 2 Phenylethanol Market Key Performance Indicators |
8.1 Percentage of 2-phenylethanol derived from natural sources in the market. |
8.2 Adoption rate of eco-friendly packaging materials by companies using 2-phenylethanol in their products. |
8.3 Number of new product launches featuring 2-phenylethanol as a key ingredient with sustainable sourcing practices. |
9 Latvia 2 Phenylethanol Market - Opportunity Assessment |
9.1 Latvia 2 Phenylethanol Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia 2 Phenylethanol Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 Latvia 2 Phenylethanol Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Latvia 2 Phenylethanol Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia 2 Phenylethanol Market - Competitive Landscape |
10.1 Latvia 2 Phenylethanol Market Revenue Share, By Companies, 2024 |
10.2 Latvia 2 Phenylethanol 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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