Latvia Ethyl Alcohol Market (2025-2031) | Segmentation, Industry, Growth, Value, Trends, Outlook, Revenue, Companies, Analysis, Share, Forecast & Size
Market Forecast By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade, Lab Grade), By End-user Industry (Automotive and Transportation, Food and Beverage, Pharmaceutical, Cosmetics and Personal Care (Includes hand-Sanitizer), Other End-user Industries) And Competitive Landscape
| Product Code: ETC4854022 | 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 Ethyl Alcohol Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia continued to rely heavily on imports of ethyl alcohol, with Lithuania, USA, Estonia, Germany, and Netherlands being the top exporting countries. Despite a significant decrease in the compound annual growth rate (CAGR) from 2020 to 2024 at -11.11%, the growth rate between 2023 and 2024 surged impressively by 105.97%. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market with dominant players. This data suggests a dynamic and evolving landscape for ethyl alcohol imports in Latvia, with potential opportunities for market players to explore.
Ethyl Alcohol Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
Latvia's Ethyl Alcohol market is anticipated to experience a stable growth rate of 3.96% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.
Key Highlights of the Report:
- Latvia Ethyl Alcohol Market Outlook
- Market Size of Latvia Ethyl Alcohol Market, 2024
- Forecast of Latvia Ethyl Alcohol Market, 2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Revenues & Volume for the Period 2021-2031
- Latvia Ethyl Alcohol Market Trend Evolution
- Latvia Ethyl Alcohol Market Drivers and Challenges
- Latvia Ethyl Alcohol Price Trends
- Latvia Ethyl Alcohol Porter`s Five Forces
- Latvia Ethyl Alcohol Industry Life Cycle
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Grade for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Food Grade for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Industrial Grade for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Pharmaceutical Grade for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Lab Grade for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By End-user Industry for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Automotive and Transportation for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Food and Beverage for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Cosmetics and Personal Care (Includes hand-Sanitizer) for the Period 2021-2031
- Historical Data and Forecast of Latvia Ethyl Alcohol Market Revenues & Volume By Other End-user Industries for the Period 2021-2031
- Latvia Ethyl Alcohol Import Export Trade Statistics
- Market Opportunity Assessment By Grade
- Market Opportunity Assessment By End-user Industry
- Latvia Ethyl Alcohol Top Companies Market Share
- Latvia Ethyl Alcohol Competitive Benchmarking By Technical and Operational Parameters
- Latvia Ethyl Alcohol Company Profiles
- Latvia Ethyl Alcohol Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Ethyl Alcohol 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 Ethyl Alcohol Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Ethyl Alcohol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ethyl Alcohol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ethyl Alcohol Market - Industry Life Cycle |
3.4 Latvia Ethyl Alcohol Market - Porter's Five Forces |
3.5 Latvia Ethyl Alcohol Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Latvia Ethyl Alcohol Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Ethyl Alcohol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for alcoholic beverages in Latvia |
4.2.2 Growing popularity of craft and premium spirits |
4.2.3 Favorable government regulations supporting the alcohol industry |
4.3 Market Restraints |
4.3.1 Health concerns and changing consumer preferences towards healthier alternatives |
4.3.2 Competition from imported alcoholic beverages |
4.3.3 Fluctuating raw material prices for ethyl alcohol production |
5 Latvia Ethyl Alcohol Market Trends |
6 Latvia Ethyl Alcohol Market Segmentations |
6.1 Latvia Ethyl Alcohol Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ethyl Alcohol Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Latvia Ethyl Alcohol Market Revenues & Volume, By Industrial Grade, 2021-2031F |
6.1.4 Latvia Ethyl Alcohol Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.1.5 Latvia Ethyl Alcohol Market Revenues & Volume, By Lab Grade, 2021-2031F |
6.2 Latvia Ethyl Alcohol Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ethyl Alcohol Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.2.3 Latvia Ethyl Alcohol Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.4 Latvia Ethyl Alcohol Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 Latvia Ethyl Alcohol Market Revenues & Volume, By Cosmetics and Personal Care (Includes hand-Sanitizer), 2021-2031F |
6.2.6 Latvia Ethyl Alcohol Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Latvia Ethyl Alcohol Market Import-Export Trade Statistics |
7.1 Latvia Ethyl Alcohol Market Export to Major Countries |
7.2 Latvia Ethyl Alcohol Market Imports from Major Countries |
8 Latvia Ethyl Alcohol Market Key Performance Indicators |
8.1 Average selling price of ethyl alcohol in Latvia |
8.2 Number of craft distilleries in operation |
8.3 Consumer sentiment towards locally-produced ethyl alcohol |
9 Latvia Ethyl Alcohol Market - Opportunity Assessment |
9.1 Latvia Ethyl Alcohol Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Latvia Ethyl Alcohol Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Ethyl Alcohol Market - Competitive Landscape |
10.1 Latvia Ethyl Alcohol Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ethyl Alcohol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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