| Product Code: ETC7906931 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant increase in imports of carboxylic acids based esters from top exporting countries including Belgium, Lithuania, China, India, and Netherlands. Despite a challenging CAGR of -10.98% from 2020 to 2024, the industry experienced a notable growth rate of 19.54% from 2023 to 2024. The market concentration, as measured by the HHI, remained high in 2024 after a very high concentration in the previous year. This data suggests a dynamic and evolving market landscape for carboxylic acids based esters imports 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 Carboxylic Acids Based Esters Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Carboxylic Acids Based Esters Market - Industry Life Cycle |
3.4 Latvia Carboxylic Acids Based Esters Market - Porter's Five Forces |
3.5 Latvia Carboxylic Acids Based Esters Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Carboxylic Acids Based Esters Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Carboxylic Acids Based Esters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for environmentally friendly and sustainable products |
4.2.2 Growing applications in industries such as pharmaceuticals, food and beverages, and cosmetics |
4.2.3 Technological advancements leading to improved production processes and product quality |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations and compliance requirements in the chemicals industry |
5 Latvia Carboxylic Acids Based Esters Market Trends |
6 Latvia Carboxylic Acids Based Esters Market, By Types |
6.1 Latvia Carboxylic Acids Based Esters Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Isovaleric, 2021- 2031F |
6.1.4 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Isobutyric, 2021- 2031F |
6.1.5 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Propionic, 2021- 2031F |
6.1.6 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Stearic, 2021- 2031F |
6.1.7 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Butyric, 2021- 2031F |
6.1.8 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Acetic, 2021- 2031F |
6.1.9 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Valeric, 2021- 2031F |
6.1.10 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Valeric, 2021- 2031F |
6.2 Latvia Carboxylic Acids Based Esters Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Personal Care and Cosmetics, 2021- 2031F |
6.2.3 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.4 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.2.6 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Animal Feed, 2021- 2031F |
6.2.7 Latvia Carboxylic Acids Based Esters Market Revenues & Volume, By Lubricants, 2021- 2031F |
7 Latvia Carboxylic Acids Based Esters Market Import-Export Trade Statistics |
7.1 Latvia Carboxylic Acids Based Esters Market Export to Major Countries |
7.2 Latvia Carboxylic Acids Based Esters Market Imports from Major Countries |
8 Latvia Carboxylic Acids Based Esters Market Key Performance Indicators |
8.1 Research and development investment in new product formulations and applications |
8.2 Percentage increase in market penetration in key industries |
8.3 Number of partnerships and collaborations for product development and distribution |
8.4 Adoption rate of eco-friendly practices in the production of carboxylic acids based esters |
9 Latvia Carboxylic Acids Based Esters Market - Opportunity Assessment |
9.1 Latvia Carboxylic Acids Based Esters Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Carboxylic Acids Based Esters Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Carboxylic Acids Based Esters Market - Competitive Landscape |
10.1 Latvia Carboxylic Acids Based Esters Market Revenue Share, By Companies, 2024 |
10.2 Latvia Carboxylic Acids Based Esters 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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