| Product Code: ETC12157237 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to source fatty esters primarily from Poland, Austria, Metropolitan France, Lithuania, and Germany. Despite a negative Compound Annual Growth Rate (CAGR) of -15.3% from 2020 to 2024, the high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The growth rate in 2024 also saw a decline of -13.3%, reflecting challenging conditions in the import market for fatty esters. Monitoring these trends can provide valuable insights for stakeholders in the industry to adapt strategies accordingly.

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 Fatty Esters Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Fatty Esters Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Fatty Esters Market - Industry Life Cycle |
3.4 Latvia Fatty Esters Market - Porter's Five Forces |
3.5 Latvia Fatty Esters Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Fatty Esters Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Latvia Fatty Esters Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Fatty Esters Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Fatty Esters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Fatty Esters Market Trends |
6 Latvia Fatty Esters Market, By Types |
6.1 Latvia Fatty Esters Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Fatty Esters Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Fatty Esters Market Revenues & Volume, By Methyl Esters, 2021 - 2031F |
6.1.4 Latvia Fatty Esters Market Revenues & Volume, By Glycerol Esters, 2021 - 2031F |
6.1.5 Latvia Fatty Esters Market Revenues & Volume, By Fatty Acid Esters, 2021 - 2031F |
6.1.6 Latvia Fatty Esters Market Revenues & Volume, By Fatty Alcohol Esters, 2021 - 2031F |
6.2 Latvia Fatty Esters Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Fatty Esters Market Revenues & Volume, By Esterification Process, 2021 - 2031F |
6.2.3 Latvia Fatty Esters Market Revenues & Volume, By Transesterification, 2021 - 2031F |
6.2.4 Latvia Fatty Esters Market Revenues & Volume, By Catalytic Hydrogenation, 2021 - 2031F |
6.2.5 Latvia Fatty Esters Market Revenues & Volume, By Chemical Synthesis, 2021 - 2031F |
6.3 Latvia Fatty Esters Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Fatty Esters Market Revenues & Volume, By Biofuels Industry, 2021 - 2031F |
6.3.3 Latvia Fatty Esters Market Revenues & Volume, By Personal Care Industry, 2021 - 2031F |
6.3.4 Latvia Fatty Esters Market Revenues & Volume, By Food Industry, 2021 - 2031F |
6.3.5 Latvia Fatty Esters Market Revenues & Volume, By Pharmaceuticals and Nutraceuticals, 2021 - 2031F |
6.4 Latvia Fatty Esters Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Fatty Esters Market Revenues & Volume, By Biodiesel Production, 2021 - 2031F |
6.4.3 Latvia Fatty Esters Market Revenues & Volume, By Cosmetics and Personal Care Products, 2021 - 2031F |
6.4.4 Latvia Fatty Esters Market Revenues & Volume, By Food Additives and Flavorings, 2021 - 2031F |
6.4.5 Latvia Fatty Esters Market Revenues & Volume, By Medicinal and Supplement Products, 2021 - 2031F |
7 Latvia Fatty Esters Market Import-Export Trade Statistics |
7.1 Latvia Fatty Esters Market Export to Major Countries |
7.2 Latvia Fatty Esters Market Imports from Major Countries |
8 Latvia Fatty Esters Market Key Performance Indicators |
9 Latvia Fatty Esters Market - Opportunity Assessment |
9.1 Latvia Fatty Esters Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Fatty Esters Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Latvia Fatty Esters Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Fatty Esters Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Fatty Esters Market - Competitive Landscape |
10.1 Latvia Fatty Esters Market Revenue Share, By Companies, 2024 |
10.2 Latvia Fatty Esters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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.
To discover high-growth global markets and optimize your business strategy:
Click Here