Latvia Ethane Market (2025-2031) | Analysis, Companies, Revenue, Industry, Forecast, Growth, Share, Outlook, Trends, Size, Value & Segmentation

Name: Latvia Ethane Market (2025-2031) | Trends & Companies
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Ethane Market, Latvia Ethane Market, Latvia Ethane Market Revenues, Latvia Ethane Market Share, Latvia Ethane Market Size, Latvia Ethane Market Outlook, Latvia Ethane Market Report, Latvia Ethane Market Competition, Latvia Ethane Market Overview, Latvia Ethane Market Trends, Latvia Ethane Market Forecast

Market Forecast By Application (Ethylene Synthesis, Acetic Acid Synthesis, Refrigerant), By End-Use Industry (Packaging, Automotive & Transportation, Construction, Electricals & Electronics, Healthcare) And Competitive Landscape

Product Code: ETC5043547	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

Latvia Ethane Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Latvia Ethane Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Ethane Market Outlook
Market Size of Latvia Ethane Market, 2024
Forecast of Latvia Ethane Market, 2031
Historical Data and Forecast of Latvia Ethane Revenues & Volume for the Period 2021-2031
Latvia Ethane Market Trend Evolution
Latvia Ethane Market Drivers and Challenges
Latvia Ethane Price Trends
Latvia Ethane Porter`s Five Forces
Latvia Ethane Industry Life Cycle
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Ethylene Synthesis for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Acetic Acid Synthesis for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Refrigerant for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By End-Use Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Packaging for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Automotive & Transportation for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Construction for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Electricals & Electronics for the Period 2021-2031
Historical Data and Forecast of Latvia Ethane Market Revenues & Volume By Healthcare for the Period 2021-2031
Latvia Ethane Import Export Trade Statistics
Market Opportunity Assessment By Application
Market Opportunity Assessment By End-Use Industry
Latvia Ethane Top Companies Market Share
Latvia Ethane Competitive Benchmarking By Technical and Operational Parameters
Latvia Ethane Company Profiles
Latvia Ethane Key Strategic Recommendations

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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

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Export potential assessment - trade Analytics for 2030

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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