| Product Code: ETC5043547 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s ethane import market continues to be dominated by key suppliers like Russia, Poland, Belgium, Germany, and Lithuania in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to pricing power for these suppliers. The impressive compound annual growth rate (CAGR) of 25.3% from 2020 to 2024 underscores the growing demand for ethane in Latvia. Moreover, the robust growth rate of 11.69% from 2023 to 2024 suggests a sustained momentum in ethane imports, signaling opportunities and challenges for market players in the coming years.
| 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 Ethane Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Ethane Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Ethane Market - Industry Life Cycle | 
| 3.4 Latvia Ethane Market - Porter's Five Forces | 
| 3.5 Latvia Ethane Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 3.6 Latvia Ethane Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F | 
| 4 Latvia Ethane Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for ethane as a feedstock in the petrochemical industry | 
| 4.2.2 Growth in the oil and gas sector in Latvia | 
| 4.2.3 Favorable government policies promoting the use of ethane as a cleaner fuel alternative | 
| 4.3 Market Restraints | 
| 4.3.1 Volatility in ethane prices in the global market | 
| 4.3.2 Competition from other feedstocks such as propane and butane | 
| 4.3.3 Uncertainties in global trade agreements impacting ethane imports | 
| 5 Latvia Ethane Market Trends | 
| 6 Latvia Ethane Market Segmentations | 
| 6.1 Latvia Ethane Market, By Application | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Ethane Market Revenues & Volume, By Ethylene Synthesis, 2021-2031F | 
| 6.1.3 Latvia Ethane Market Revenues & Volume, By Acetic Acid Synthesis, 2021-2031F | 
| 6.1.4 Latvia Ethane Market Revenues & Volume, By Refrigerant, 2021-2031F | 
| 6.2 Latvia Ethane Market, By End-Use Industry | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Ethane Market Revenues & Volume, By Packaging, 2021-2031F | 
| 6.2.3 Latvia Ethane Market Revenues & Volume, By Automotive & Transportation, 2021-2031F | 
| 6.2.4 Latvia Ethane Market Revenues & Volume, By Construction, 2021-2031F | 
| 6.2.5 Latvia Ethane Market Revenues & Volume, By Electricals & Electronics, 2021-2031F | 
| 6.2.6 Latvia Ethane Market Revenues & Volume, By Healthcare, 2021-2031F | 
| 7 Latvia Ethane Market Import-Export Trade Statistics | 
| 7.1 Latvia Ethane Market Export to Major Countries | 
| 7.2 Latvia Ethane Market Imports from Major Countries | 
| 8 Latvia Ethane Market Key Performance Indicators | 
| 8.1 Ethane production capacity utilization rate | 
| 8.2 Number of new ethane-based petrochemical projects in Latvia | 
| 8.3 Ethane consumption in key industries in Latvia | 
| 9 Latvia Ethane Market - Opportunity Assessment | 
| 9.1 Latvia Ethane Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 9.2 Latvia Ethane Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F | 
| 10 Latvia Ethane Market - Competitive Landscape | 
| 10.1 Latvia Ethane Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Ethane Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |