| Product Code: ETC4858278 | 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 |
In 2024, Latvia continued to rely heavily on copper sulphate imports, with top exporters being Poland, Lithuania, Turkey, Denmark, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few key players. Despite a modest compound annual growth rate (CAGR) of 2.63% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024, dropping by -10.4%. This suggests a potential shift or stagnation in the market, highlighting the need for further analysis and strategic planning for stakeholders involved in the copper sulphate import industry in Latvia.

By 2027, the Copper Sulphate market in Latvia is anticipated to reach a growth rate of 0.50%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Copper Sulphate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Copper Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Copper Sulphate Market - Industry Life Cycle |
3.4 Latvia Copper Sulphate Market - Porter's Five Forces |
3.5 Latvia Copper Sulphate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Copper Sulphate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Copper Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for copper sulphate in agriculture for use as a fungicide and herbicide. |
4.2.2 Growth in the construction industry leading to higher demand for copper sulphate in wood preservation. |
4.2.3 Rising adoption of copper sulphate in the mining industry for ore flotation processes. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials affecting the production cost of copper sulphate. |
4.3.2 Stringent environmental regulations regarding the disposal of copper sulphate waste. |
4.3.3 Competition from alternative chemicals impacting the market share of copper sulphate. |
5 Latvia Copper Sulphate Market Trends |
6 Latvia Copper Sulphate Market Segmentations |
6.1 Latvia Copper Sulphate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Copper Sulphate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.1.3 Latvia Copper Sulphate Market Revenues & Volume, By Pentahydrate, 2021-2031F |
6.1.4 Latvia Copper Sulphate Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Copper Sulphate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Copper Sulphate Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.3 Latvia Copper Sulphate Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.4 Latvia Copper Sulphate Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 Latvia Copper Sulphate Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.6 Latvia Copper Sulphate Market Revenues & Volume, By Mining and Metallurgy, 2021-2031F |
6.2.7 Latvia Copper Sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Copper Sulphate Market Import-Export Trade Statistics |
7.1 Latvia Copper Sulphate Market Export to Major Countries |
7.2 Latvia Copper Sulphate Market Imports from Major Countries |
8 Latvia Copper Sulphate Market Key Performance Indicators |
8.1 Average selling price of copper sulphate in Latvia. |
8.2 Adoption rate of copper sulphate in various industries. |
8.3 Environmental compliance metrics related to the usage and disposal of copper sulphate. |
9 Latvia Copper Sulphate Market - Opportunity Assessment |
9.1 Latvia Copper Sulphate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Copper Sulphate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Copper Sulphate Market - Competitive Landscape |
10.1 Latvia Copper Sulphate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Copper Sulphate 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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