| 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 |