| Product Code: ETC5024794 | 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 coal mining import shipments in 2024 were mainly sourced from Kazakhstan, Norway (excluding Svalbard and Jan Mayen), Poland, Spain, and Germany. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry showed rapid growth with a 20.23% compound annual growth rate from 2020 to 2024. However, there was a notable decline in the growth rate from 2023 to 2024 at -37.32%, suggesting potential shifts in the market dynamics. This data highlights the evolving landscape of coal imports in Latvia and the influence of key exporting countries.

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 Coal Mining Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Coal Mining Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Coal Mining Market - Industry Life Cycle |
3.4 Latvia Coal Mining Market - Porter's Five Forces |
3.5 Latvia Coal Mining Market Revenues & Volume Share, By Mining Technology, 2021 & 2031F |
3.6 Latvia Coal Mining Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Coal Mining Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for coal in the energy sector |
4.2.2 Government initiatives supporting coal mining industry |
4.2.3 Technological advancements in coal mining operations |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations impacting coal mining activities |
4.3.2 Volatility in coal prices affecting profitability |
5 Latvia Coal Mining Market Trends |
6 Latvia Coal Mining Market Segmentations |
6.1 Latvia Coal Mining Market, By Mining Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Coal Mining Market Revenues & Volume, By Surface Mining, 2021-2031F |
6.1.3 Latvia Coal Mining Market Revenues & Volume, By Strip Mining, 2021-2031F |
6.1.4 Latvia Coal Mining Market Revenues & Volume, By Auger Mining, 2021-2031F |
6.1.5 Latvia Coal Mining Market Revenues & Volume, By Open-pit Mining, 2021-2031F |
6.1.6 Latvia Coal Mining Market Revenues & Volume, By Mountain Removal Mining, 2021-2031F |
6.1.7 Latvia Coal Mining Market Revenues & Volume, By Underground Mining, 2021-2031F |
6.1.9 Latvia Coal Mining Market Revenues & Volume, By Longwall Mining, 2021-2031F |
6.1.10 Latvia Coal Mining Market Revenues & Volume, By Longwall Mining, 2021-2031F |
6.2 Latvia Coal Mining Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Coal Mining Market Revenues & Volume, By Thermal Power Generation, 2021-2031F |
6.2.3 Latvia Coal Mining Market Revenues & Volume, By Steel Manufacturing, 2021-2031F |
6.2.4 Latvia Coal Mining Market Revenues & Volume, By Cement Manufacturing, 2021-2031F |
6.2.5 Latvia Coal Mining Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Coal Mining Market Import-Export Trade Statistics |
7.1 Latvia Coal Mining Market Export to Major Countries |
7.2 Latvia Coal Mining Market Imports from Major Countries |
8 Latvia Coal Mining Market Key Performance Indicators |
8.1 Average coal extraction cost per ton |
8.2 Percentage of coal reserves utilized annually |
8.3 Investment in research and development for coal mining technologies |
9 Latvia Coal Mining Market - Opportunity Assessment |
9.1 Latvia Coal Mining Market Opportunity Assessment, By Mining Technology, 2021 & 2031F |
9.2 Latvia Coal Mining Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Coal Mining Market - Competitive Landscape |
10.1 Latvia Coal Mining Market Revenue Share, By Companies, 2024 |
10.2 Latvia Coal Mining 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.
To discover high-growth global markets and optimize your business strategy:
Click Here