| Product Code: ETC7909714 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia witnessed a notable increase in drilling lubricants import shipments, with top exporters being Canada, Sweden, Poland, Lithuania, and Serbia. The market concentration, as measured by the HHI, shifted from moderate to high concentration, indicating a more consolidated market landscape. The cumulative annual growth rate (CAGR) from 2020 to 2024 stood at 1.47%, with a significant growth spurt of 6.29% from 2023 to 2024. This suggests a growing demand for drilling lubricants in Latvia, potentially driven by increasing industrial activities and infrastructure development projects.

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 Drilling Lubricants Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Drilling Lubricants Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Drilling Lubricants Market - Industry Life Cycle |
3.4 Latvia Drilling Lubricants Market - Porter's Five Forces |
3.5 Latvia Drilling Lubricants Market Revenues & Volume Share, By Technique, 2021 & 2031F |
3.6 Latvia Drilling Lubricants Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Drilling Lubricants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing exploration and drilling activities in the oil and gas sector in Latvia |
4.2.2 Technological advancements leading to the development of high-performance drilling lubricants |
4.2.3 Growing demand for energy, driving the need for efficient drilling operations |
4.3 Market Restraints |
4.3.1 Stringent environmental regulations impacting the use of certain types of drilling lubricants |
4.3.2 Fluctuating prices of crude oil affecting drilling activities and investments |
5 Latvia Drilling Lubricants Market Trends |
6 Latvia Drilling Lubricants Market, By Types |
6.1 Latvia Drilling Lubricants Market, By Technique |
6.1.1 Overview and Analysis |
6.1.2 Latvia Drilling Lubricants Market Revenues & Volume, By Technique, 2021- 2031F |
6.1.3 Latvia Drilling Lubricants Market Revenues & Volume, By Down The Hole Drills / Rotary Air Blast Drilling, 2021- 2031F |
6.1.4 Latvia Drilling Lubricants Market Revenues & Volume, By Diamond Drilling, 2021- 2031F |
6.1.5 Latvia Drilling Lubricants Market Revenues & Volume, By Top Hammer Drilling, 2021- 2031F |
6.1.6 Latvia Drilling Lubricants Market Revenues & Volume, By Reverse Circulation Drilling, 2021- 2031F |
6.1.7 Latvia Drilling Lubricants Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Latvia Drilling Lubricants Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Drilling Lubricants Market Revenues & Volume, By Mining, 2021- 2031F |
6.2.3 Latvia Drilling Lubricants Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.4 Latvia Drilling Lubricants Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.5 Latvia Drilling Lubricants Market Revenues & Volume, By Other End-uses, 2021- 2031F |
7 Latvia Drilling Lubricants Market Import-Export Trade Statistics |
7.1 Latvia Drilling Lubricants Market Export to Major Countries |
7.2 Latvia Drilling Lubricants Market Imports from Major Countries |
8 Latvia Drilling Lubricants Market Key Performance Indicators |
8.1 Rate of adoption of eco-friendly drilling lubricants in the market |
8.2 Number of new drilling projects initiated in Latvia |
8.3 Research and development investment in innovative drilling lubricant solutions |
9 Latvia Drilling Lubricants Market - Opportunity Assessment |
9.1 Latvia Drilling Lubricants Market Opportunity Assessment, By Technique, 2021 & 2031F |
9.2 Latvia Drilling Lubricants Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Drilling Lubricants Market - Competitive Landscape |
10.1 Latvia Drilling Lubricants Market Revenue Share, By Companies, 2024 |
10.2 Latvia Drilling Lubricants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |