| Product Code: ETC5024528 | 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 |
In 2024, Latvia continued to rely heavily on antimony ore imports, with Denmark being a key supplier. Despite a high concentration of imports from Denmark, the market experienced a decline with a negative CAGR of -9.06% from 2020 to 2024. The growth rate in 2024 also remained negative at -0.26%, indicating a challenging market environment for antimony ore imports in Latvia. It will be crucial for stakeholders to closely monitor market dynamics and explore strategies to stimulate growth in the coming years.

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 Antimony Ore Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Antimony Ore Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Antimony Ore Market - Industry Life Cycle |
3.4 Latvia Antimony Ore Market - Porter's Five Forces |
3.5 Latvia Antimony Ore Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Antimony Ore Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Antimony Ore Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for antimony in the electronics industry for use in semiconductors and batteries. |
4.2.2 Increasing use of antimony as a flame retardant in various industries such as plastics, textiles, and construction. |
4.2.3 Government initiatives to promote domestic mining and production of antimony ore in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of antimony ore in the global market impacting the profitability of Latvian producers. |
4.3.2 Environmental concerns and regulations related to the mining and processing of antimony ore. |
4.3.3 Competition from other antimony-producing countries affecting the market share of Latvia. |
5 Latvia Antimony Ore Market Trends |
6 Latvia Antimony Ore Market Segmentations |
6.1 Latvia Antimony Ore Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Antimony Ore Market Revenues & Volume, By Stibnite, 2021-2031F |
6.1.3 Latvia Antimony Ore Market Revenues & Volume, By Senarmontite, 2021-2031F |
6.1.4 Latvia Antimony Ore Market Revenues & Volume, By Other, 2021-2031F |
6.2 Latvia Antimony Ore Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Antimony Ore Market Revenues & Volume, By Battery Material, 2021-2031F |
6.2.3 Latvia Antimony Ore Market Revenues & Volume, By Fire Retardant, 2021-2031F |
6.2.4 Latvia Antimony Ore Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.5 Latvia Antimony Ore Market Revenues & Volume, By Ceramics and Glass, 2021-2031F |
6.2.6 Latvia Antimony Ore Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Antimony Ore Market Import-Export Trade Statistics |
7.1 Latvia Antimony Ore Market Export to Major Countries |
7.2 Latvia Antimony Ore Market Imports from Major Countries |
8 Latvia Antimony Ore Market Key Performance Indicators |
8.1 Percentage of domestic antimony ore production compared to total consumption in Latvia. |
8.2 Average selling price of antimony ore in the Latvian market. |
8.3 Number of new antimony ore mining projects initiated in Latvia. |
8.4 Percentage of antimony ore exporters in Latvia complying with environmental regulations. |
8.5 Research and development investment in innovative applications of antimony in Latvian industries. |
9 Latvia Antimony Ore Market - Opportunity Assessment |
9.1 Latvia Antimony Ore Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Antimony Ore Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Antimony Ore Market - Competitive Landscape |
10.1 Latvia Antimony Ore Market Revenue Share, By Companies, 2024 |
10.2 Latvia Antimony Ore 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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