| Product Code: ETC4698279 | 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 |
Latvia`s butane import market saw significant growth in 2024, with top exporting countries being Netherlands, Lithuania, Germany, Finland, and Estonia. The market remained highly concentrated, indicating strong competition among key players. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 27.81%, with a remarkable growth rate of 438.94% from 2023 to 2024. These figures suggest a robust demand for butane in Latvia and highlight the country`s reliance on imports to meet its energy needs.

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 Butane Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Butane Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Butane Market - Industry Life Cycle |
3.4 Latvia Butane Market - Porter's Five Forces |
3.5 Latvia Butane Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Butane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Butane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Butane Market Trends |
6 Latvia Butane Market Segmentations |
6.1 Latvia Butane Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Butane Market Revenues & Volume, By Gasoline Crude Oil, 2021-2031F |
6.1.3 Latvia Butane Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.4 Latvia Butane Market Revenues & Volume, By Isobutane, 2021-2031F |
6.1.5 Latvia Butane Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Butane Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Butane Market Revenues & Volume, By LPG, 2021-2031F |
6.2.3 Latvia Butane Market Revenues & Volume, By Petrochemicals, 2021-2031F |
6.2.4 Latvia Butane Market Revenues & Volume, By Refineries, 2021-2031F |
6.2.5 Latvia Butane Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Butane Market Import-Export Trade Statistics |
7.1 Latvia Butane Market Export to Major Countries |
7.2 Latvia Butane Market Imports from Major Countries |
8 Latvia Butane Market Key Performance Indicators |
9 Latvia Butane Market - Opportunity Assessment |
9.1 Latvia Butane Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Butane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Butane Market - Competitive Landscape |
10.1 Latvia Butane Market Revenue Share, By Companies, 2024 |
10.2 Latvia Butane 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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