| Product Code: ETC11563957 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to rely on imports of ceric ammonium nitrate, with major suppliers being the USA, Germany, China, Austria, and Czechia. Despite a significant drop in growth rate from 2023, the compound annual growth rate (CAGR) remained strong at 8.76%. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, indicating potential challenges for competition and pricing dynamics. It will be crucial for market players to closely monitor these trends and adapt their strategies accordingly in the coming years.

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 Ceric Ammonium Nitrate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ceric Ammonium Nitrate Market - Industry Life Cycle |
3.4 Latvia Ceric Ammonium Nitrate Market - Porter's Five Forces |
3.5 Latvia Ceric Ammonium Nitrate Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Ceric Ammonium Nitrate Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Latvia Ceric Ammonium Nitrate Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Ceric Ammonium Nitrate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Ceric Ammonium Nitrate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for agricultural fertilizers in the Latvian market |
4.2.2 Increasing adoption of ceric ammonium nitrate due to its effectiveness in enhancing crop yields |
4.2.3 Favorable government policies supporting agricultural sector growth in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of ceric ammonium nitrate |
4.3.2 Stringent regulations on the use of fertilizers in Latvia |
4.3.3 Competition from alternative fertilizers impacting the market growth |
5 Latvia Ceric Ammonium Nitrate Market Trends |
6 Latvia Ceric Ammonium Nitrate Market, By Types |
6.1 Latvia Ceric Ammonium Nitrate Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Ceric Ammonium Nitrate Solution, 2021 - 2031F |
6.1.4 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Ceric Ammonium Nitrate Powder, 2021 - 2031F |
6.1.5 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Ceric Ammonium Nitrate Granules, 2021 - 2031F |
6.1.6 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Ceric Ammonium Nitrate Tablets, 2021 - 2031F |
6.2 Latvia Ceric Ammonium Nitrate Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Chemical Processing, 2021 - 2031F |
6.2.3 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Powder Technology, 2021 - 2031F |
6.2.4 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Granulation Process, 2021 - 2031F |
6.2.5 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Tablet Technology, 2021 - 2031F |
6.3 Latvia Ceric Ammonium Nitrate Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Manufacturing Plants, 2021 - 2031F |
6.3.3 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Laboratories, 2021 - 2031F |
6.3.4 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Industrial Users, 2021 - 2031F |
6.3.5 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Pharmaceutical Industry, 2021 - 2031F |
6.4 Latvia Ceric Ammonium Nitrate Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Chemical Synthesis, 2021 - 2031F |
6.4.3 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Analytical Applications, 2021 - 2031F |
6.4.4 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Polymer Manufacturing, 2021 - 2031F |
6.4.5 Latvia Ceric Ammonium Nitrate Market Revenues & Volume, By Drug Formulations, 2021 - 2031F |
7 Latvia Ceric Ammonium Nitrate Market Import-Export Trade Statistics |
7.1 Latvia Ceric Ammonium Nitrate Market Export to Major Countries |
7.2 Latvia Ceric Ammonium Nitrate Market Imports from Major Countries |
8 Latvia Ceric Ammonium Nitrate Market Key Performance Indicators |
8.1 Average selling price of ceric ammonium nitrate in the Latvian market |
8.2 Adoption rate of ceric ammonium nitrate by farmers in Latvia |
8.3 Number of new product innovations in the ceric ammonium nitrate market in Latvia |
9 Latvia Ceric Ammonium Nitrate Market - Opportunity Assessment |
9.1 Latvia Ceric Ammonium Nitrate Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Ceric Ammonium Nitrate Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Latvia Ceric Ammonium Nitrate Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Ceric Ammonium Nitrate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Ceric Ammonium Nitrate Market - Competitive Landscape |
10.1 Latvia Ceric Ammonium Nitrate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ceric Ammonium Nitrate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |