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

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: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch 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.

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

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Ethane Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Ethane Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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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