| Product Code: ETC11409013 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia`s aromatics import market continued to thrive in 2024, with significant shipments coming from top exporters such as Germany, Spain, India, Netherlands, and Hungary. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 15.19% from 2020-24 underscores the sector`s steady expansion. Notably, the growth rate surged to 21.79% in 2024, reflecting a dynamic market environment and strong demand for aromatics in Latvia.
| 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 Aromatics Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Aromatics Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Aromatics Market - Industry Life Cycle | 
| 3.4 Latvia Aromatics Market - Porter's Five Forces | 
| 3.5 Latvia Aromatics Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 3.6 Latvia Aromatics Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 3.7 Latvia Aromatics Market Revenues & Volume Share, By End-Use, 2021 & 2031F | 
| 4 Latvia Aromatics Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for natural and organic aromatics in Latvia | 
| 4.2.2 Growth in the cosmetics and personal care industry in the region | 
| 4.2.3 Rising awareness about the benefits of aromatherapy and essential oils | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating prices of raw materials impacting production costs | 
| 4.3.2 Stringent regulations related to the use of certain aromatic compounds | 
| 4.3.3 Competition from synthetic alternatives in the market | 
| 5 Latvia Aromatics Market Trends | 
| 6 Latvia Aromatics Market, By Types | 
| 6.1 Latvia Aromatics Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Aromatics Market Revenues & Volume, By Type, 2021 - 2031F | 
| 6.1.3 Latvia Aromatics Market Revenues & Volume, By Benzene, 2021 - 2031F | 
| 6.1.4 Latvia Aromatics Market Revenues & Volume, By Toluene, 2021 - 2031F | 
| 6.1.5 Latvia Aromatics Market Revenues & Volume, By Xylene, 2021 - 2031F | 
| 6.1.6 Latvia Aromatics Market Revenues & Volume, By Others, 2021 - 2031F | 
| 6.2 Latvia Aromatics Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Aromatics Market Revenues & Volume, By Solvents, 2021 - 2031F | 
| 6.2.3 Latvia Aromatics Market Revenues & Volume, By Additives, 2021 - 2031F | 
| 6.2.4 Latvia Aromatics Market Revenues & Volume, By Organic Chemicals, 2021 - 2031F | 
| 6.2.5 Latvia Aromatics Market Revenues & Volume, By Others, 2021 - 2031F | 
| 6.3 Latvia Aromatics Market, By End-Use | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Aromatics Market Revenues & Volume, By Paints & Coatings, 2021 - 2031F | 
| 6.3.3 Latvia Aromatics Market Revenues & Volume, By Automotive, 2021 - 2031F | 
| 6.3.4 Latvia Aromatics Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F | 
| 6.3.5 Latvia Aromatics Market Revenues & Volume, By Chemicals, 2021 - 2031F | 
| 6.3.6 Latvia Aromatics Market Revenues & Volume, By Others, 2021 - 2031F | 
| 7 Latvia Aromatics Market Import-Export Trade Statistics | 
| 7.1 Latvia Aromatics Market Export to Major Countries | 
| 7.2 Latvia Aromatics Market Imports from Major Countries | 
| 8 Latvia Aromatics Market Key Performance Indicators | 
| 8.1 Number of new product launches incorporating natural aromatics | 
| 8.2 Consumer sentiment towards aromatherapy products | 
| 8.3 Percentage of market share held by natural and organic aromatics in Latvia | 
| 9 Latvia Aromatics Market - Opportunity Assessment | 
| 9.1 Latvia Aromatics Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 9.2 Latvia Aromatics Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 9.3 Latvia Aromatics Market Opportunity Assessment, By End-Use, 2021 & 2031F | 
| 10 Latvia Aromatics Market - Competitive Landscape | 
| 10.1 Latvia Aromatics Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Aromatics Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 
| 13 Disclaimer |