| Product Code: ETC5674214 | 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 import concentrated nitric acid predominantly from neighboring countries such as Lithuania, Poland, and Estonia, as well as from Germany and Slovenia. Despite a decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained robust at 7.31%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with limited competition, potentially impacting pricing dynamics and supplier power in the industry. Monitoring market trends and competition dynamics will be crucial for stakeholders in the Latvian concentrated nitric acid import sector.

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 Concentrated Nitric Acid Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Concentrated Nitric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Concentrated Nitric Acid Market - Industry Life Cycle |
3.4 Latvia Concentrated Nitric Acid Market - Porter's Five Forces |
3.5 Latvia Concentrated Nitric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Concentrated Nitric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Concentrated Nitric Acid Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Concentrated Nitric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the agriculture industry for fertilizers |
4.2.2 Increasing use of concentrated nitric acid in the chemical industry |
4.2.3 Government initiatives promoting the use of nitric acid in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent environmental regulations affecting production processes |
4.3.3 Competition from other chemical compounds with similar applications |
5 Latvia Concentrated Nitric Acid Market Trends |
6 Latvia Concentrated Nitric Acid Market Segmentations |
6.1 Latvia Concentrated Nitric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Strong, 2021-2031F |
6.1.3 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Fuming, 2021-2031F |
6.2 Latvia Concentrated Nitric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Ammonium Nitrate, 2021-2031F |
6.2.3 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Adipic Acid, 2021-2031F |
6.2.4 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Nitrobenzene, 2021-2031F |
6.2.5 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Toluene Diisocyanate, 2021-2031F |
6.3 Latvia Concentrated Nitric Acid Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Agrochemicals, 2021-2031F |
6.3.3 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Explosives, 2021-2031F |
6.3.4 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 Latvia Concentrated Nitric Acid Market Revenues & Volume, By Electronics, 2021-2031F |
7 Latvia Concentrated Nitric Acid Market Import-Export Trade Statistics |
7.1 Latvia Concentrated Nitric Acid Market Export to Major Countries |
7.2 Latvia Concentrated Nitric Acid Market Imports from Major Countries |
8 Latvia Concentrated Nitric Acid Market Key Performance Indicators |
8.1 Average selling price of concentrated nitric acid |
8.2 Utilization rate of production capacity |
8.3 Number of new product developments or innovations in the market |
8.4 Percentage of market share held by key players |
8.5 Customer satisfaction levels and retention rates |
9 Latvia Concentrated Nitric Acid Market - Opportunity Assessment |
9.1 Latvia Concentrated Nitric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Concentrated Nitric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Concentrated Nitric Acid Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Concentrated Nitric Acid Market - Competitive Landscape |
10.1 Latvia Concentrated Nitric Acid Market Revenue Share, By Companies, 2024 |
10.2 Latvia Concentrated Nitric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |