| Product Code: ETC4746159 | 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 imports of cyclohexanone, with Lithuania, Poland, India, Italy, and Germany emerging as top exporters to the country. The market concentration, as indicated by the Herfindahl-Hirschman Index (HHI), remained high in 2024, reflecting a competitive landscape dominated by a few major players. Despite a significant negative compound annual growth rate (CAGR) of -22.81% from 2020 to 2024, there was a slight uptick in growth with a 3.6% increase from 2023 to 2024, suggesting potential opportunities for the cyclohexanone market in Latvia.

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 Cyclohexanone Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cyclohexanone Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cyclohexanone Market - Industry Life Cycle |
3.4 Latvia Cyclohexanone Market - Porter's Five Forces |
3.5 Latvia Cyclohexanone Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Cyclohexanone Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.7 Latvia Cyclohexanone Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cyclohexanone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from end-use industries such as pharmaceuticals, agrochemicals, and paints coatings |
4.2.2 Increasing industrial activities and production in Latvia |
4.2.3 Favorable government regulations supporting the chemical industry |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Environmental concerns leading to stricter regulations on chemical manufacturing |
4.3.3 Competition from alternative chemical products affecting market demand |
5 Latvia Cyclohexanone Market Trends |
6 Latvia Cyclohexanone Market Segmentations |
6.1 Latvia Cyclohexanone Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cyclohexanone Market Revenues & Volume, By Nylon 6, 2021-2031F |
6.1.3 Latvia Cyclohexanone Market Revenues & Volume, By Nylon 66, 2021-2031F |
6.1.4 Latvia Cyclohexanone Market Revenues & Volume, By Polyester Polyol, 2021-2031F |
6.1.5 Latvia Cyclohexanone Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Cyclohexanone Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cyclohexanone Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Latvia Cyclohexanone Market Revenues & Volume, By Aerospace and Defence, 2021-2031F |
6.2.4 Latvia Cyclohexanone Market Revenues & Volume, By Textiles, 2021-2031F |
6.2.5 Latvia Cyclohexanone Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 Latvia Cyclohexanone Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.2.7 Latvia Cyclohexanone Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Cyclohexanone Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cyclohexanone Market Revenues & Volume, By Paint and Dyes, 2021-2031F |
6.3.3 Latvia Cyclohexanone Market Revenues & Volume, By Soaps, 2021-2031F |
6.3.4 Latvia Cyclohexanone Market Revenues & Volume, By Fertilizers, 2021-2031F |
6.3.5 Latvia Cyclohexanone Market Revenues & Volume, By Films, 2021-2031F |
6.3.6 Latvia Cyclohexanone Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.7 Latvia Cyclohexanone Market Revenues & Volume, By Caprolactam, 2021-2031F |
6.3.8 Latvia Cyclohexanone Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Cyclohexanone Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Cyclohexanone Market Import-Export Trade Statistics |
7.1 Latvia Cyclohexanone Market Export to Major Countries |
7.2 Latvia Cyclohexanone Market Imports from Major Countries |
8 Latvia Cyclohexanone Market Key Performance Indicators |
8.1 Average selling price of cyclohexanone in Latvia |
8.2 Capacity utilization rate of cyclohexanone production facilities |
8.3 Number of new product innovations and developments in the cyclohexanone market |
8.4 Percentage of market share held by domestic cyclohexanone manufacturers |
8.5 Export volume of cyclohexanone from Latvia |
9 Latvia Cyclohexanone Market - Opportunity Assessment |
9.1 Latvia Cyclohexanone Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Cyclohexanone Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.3 Latvia Cyclohexanone Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cyclohexanone Market - Competitive Landscape |
10.1 Latvia Cyclohexanone Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cyclohexanone 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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