| Product Code: ETC5665702 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely on bioethanol imports from key suppliers such as Slovakia, Russia, Lithuania, Belgium, and Poland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -17.11% from 2020 to 2024. The negative growth rate of -31.49% from 2023 to 2024 highlights the challenges faced by the bioethanol import market in Latvia. Continued monitoring and strategic adaptation may be necessary to navigate these turbulent market conditions.

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 Bioethanol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bioethanol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bioethanol Market - Industry Life Cycle |
3.4 Latvia Bioethanol Market - Porter's Five Forces |
3.5 Latvia Bioethanol Market Revenues & Volume Share, By Feedstock, 2021 & 2031F |
3.6 Latvia Bioethanol Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.7 Latvia Bioethanol Market Revenues & Volume Share, By Fuel blend, 2021 & 2031F |
4 Latvia Bioethanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government regulations promoting the use of bioethanol as a renewable energy source. |
4.2.2 Growing consumer awareness and demand for environmentally friendly fuel alternatives. |
4.2.3 Rising focus on reducing greenhouse gas emissions and achieving sustainability goals. |
4.3 Market Restraints |
4.3.1 Fluctuations in feedstock prices impacting the production cost of bioethanol. |
4.3.2 Technological limitations in the production process hindering scalability and efficiency. |
5 Latvia Bioethanol Market Trends |
6 Latvia Bioethanol Market Segmentations |
6.1 Latvia Bioethanol Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bioethanol Market Revenues & Volume, By Starch based, 2021-2031F |
6.1.3 Latvia Bioethanol Market Revenues & Volume, By sugar based, 2021-2031F |
6.1.4 Latvia Bioethanol Market Revenues & Volume, By cellulose based, 2021-2031F |
6.2 Latvia Bioethanol Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bioethanol Market Revenues & Volume, By transportation, 2021-2031F |
6.2.3 Latvia Bioethanol Market Revenues & Volume, By pharmaceuticals, 2021-2031F |
6.2.4 Latvia Bioethanol Market Revenues & Volume, By cosmetics, 2021-2031F |
6.2.5 Latvia Bioethanol Market Revenues & Volume, By alcoholic beverages, 2021-2031F |
6.3 Latvia Bioethanol Market, By Fuel blend |
6.3.1 Overview and Analysis |
6.3.2 Latvia Bioethanol Market Revenues & Volume, By E5, 2021-2031F |
6.3.3 Latvia Bioethanol Market Revenues & Volume, By E10, 2021-2031F |
6.3.4 Latvia Bioethanol Market Revenues & Volume, By E15 to E70, 2021-2031F |
6.3.5 Latvia Bioethanol Market Revenues & Volume, By E75 & E85, 2021-2031F |
7 Latvia Bioethanol Market Import-Export Trade Statistics |
7.1 Latvia Bioethanol Market Export to Major Countries |
7.2 Latvia Bioethanol Market Imports from Major Countries |
8 Latvia Bioethanol Market Key Performance Indicators |
8.1 Carbon intensity reduction rate of bioethanol production process. |
8.2 Number of bioethanol production facilities implementing sustainable practices. |
8.3 Investment in research and development for bioethanol technology improvements. |
9 Latvia Bioethanol Market - Opportunity Assessment |
9.1 Latvia Bioethanol Market Opportunity Assessment, By Feedstock, 2021 & 2031F |
9.2 Latvia Bioethanol Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.3 Latvia Bioethanol Market Opportunity Assessment, By Fuel blend, 2021 & 2031F |
10 Latvia Bioethanol Market - Competitive Landscape |
10.1 Latvia Bioethanol Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bioethanol 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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