| Product Code: ETC5353437 | 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 heavily rely on compressed natural gas imports, with top suppliers being Russia, Lithuania, Sweden, Finland, and Germany. The market remained highly concentrated, indicating limited competition among suppliers. The impressive compound annual growth rate (CAGR) of 137.81% from 2020 to 2024 highlights the increasing demand for compressed natural gas in Latvia. Furthermore, the remarkable growth rate of 841.39% from 2023 to 2024 suggests a surge in import shipments, reflecting a dynamic market landscape and potential opportunities for both suppliers and stakeholders in the industry.

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 Compressed Natural Gas Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Compressed Natural Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Compressed Natural Gas Market - Industry Life Cycle |
3.4 Latvia Compressed Natural Gas Market - Porter's Five Forces |
3.5 Latvia Compressed Natural Gas Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Latvia Compressed Natural Gas Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Compressed Natural Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on reducing greenhouse gas emissions in Latvia |
4.2.2 Government initiatives to promote the use of cleaner fuels |
4.2.3 Volatility in oil prices leading to a shift towards alternative fuels |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up compressed natural gas infrastructure |
4.3.2 Limited availability of compressed natural gas refueling stations in Latvia |
4.3.3 Lack of awareness and understanding among consumers about the benefits of compressed natural gas |
5 Latvia Compressed Natural Gas Market Trends |
6 Latvia Compressed Natural Gas Market Segmentations |
6.1 Latvia Compressed Natural Gas Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Latvia Compressed Natural Gas Market Revenues & Volume, By Associated Gas, 2021-2031F |
6.1.3 Latvia Compressed Natural Gas Market Revenues & Volume, By Non Associated Gas, 2021-2031F |
6.1.4 Latvia Compressed Natural Gas Market Revenues & Volume, By Unconventional Sources, 2021-2031F |
6.1.9 Latvia Compressed Natural Gas Market Revenues & Volume, By Distribution Channel, 2021-2031F |
6.1.10 Latvia Compressed Natural Gas Market Revenues & Volume, By Distribution Channel, 2021-2031F |
6.2 Latvia Compressed Natural Gas Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Compressed Natural Gas Market Revenues & Volume, By Light Duty Vehicles, 2021-2031F |
6.2.3 Latvia Compressed Natural Gas Market Revenues & Volume, By Medium Or Heavy Duty Buses, 2021-2031F |
6.2.4 Latvia Compressed Natural Gas Market Revenues & Volume, By Medium Or Heavy Duty Trucks, 2021-2031F |
7 Latvia Compressed Natural Gas Market Import-Export Trade Statistics |
7.1 Latvia Compressed Natural Gas Market Export to Major Countries |
7.2 Latvia Compressed Natural Gas Market Imports from Major Countries |
8 Latvia Compressed Natural Gas Market Key Performance Indicators |
8.1 Number of new compressed natural gas refueling stations opened in Latvia |
8.2 Percentage increase in the number of vehicles converted to run on compressed natural gas |
8.3 Investment in research and development of compressed natural gas technology |
9 Latvia Compressed Natural Gas Market - Opportunity Assessment |
9.1 Latvia Compressed Natural Gas Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Latvia Compressed Natural Gas Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Compressed Natural Gas Market - Competitive Landscape |
10.1 Latvia Compressed Natural Gas Market Revenue Share, By Companies, 2024 |
10.2 Latvia Compressed Natural Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |