| Product Code: ETC4768902 | 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 |
In 2024, Latvia continued to heavily rely on fluorspar imports from Czechia and Japan. Despite a high Herfindahl-Hirschman Index reflecting market concentration, the compound annual growth rate for 2020-2024 was negative at -1.78%. Furthermore, the growth rate from 2023 to 2024 experienced a significant decline of -26.1%. These figures highlight potential challenges and fluctuations in the fluorspar import market for Latvia, suggesting a need for strategic planning and diversification of import sources in the future.

In the Europe region, the Fluorspar market in Latvia is projected to expand at a stable growth rate of 0.54% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Fluorspar Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Fluorspar Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Fluorspar Market - Industry Life Cycle |
3.4 Latvia Fluorspar Market - Porter's Five Forces |
3.5 Latvia Fluorspar Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Latvia Fluorspar Market Revenues & Volume Share, By Variety, 2021 & 2031F |
3.7 Latvia Fluorspar Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Fluorspar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for fluorspar in the manufacturing of aluminum and steel industries |
4.2.2 Increasing use of fluorspar in the production of hydrofluoric acid for various industrial applications |
4.2.3 Rising investments in infrastructure development projects in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of fluorspar due to global supply-demand dynamics |
4.3.2 Environmental concerns and regulations related to fluorspar mining and processing |
4.3.3 Competition from alternative materials in certain applications |
5 Latvia Fluorspar Market Trends |
6 Latvia Fluorspar Market Segmentations |
6.1 Latvia Fluorspar Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Latvia Fluorspar Market Revenues & Volume, By Acid Grade, 2021-2031F |
6.1.3 Latvia Fluorspar Market Revenues & Volume, By Ceramic Grade, 2021-2031F |
6.1.4 Latvia Fluorspar Market Revenues & Volume, By Metallurgical Grade, 2021-2031F |
6.1.5 Latvia Fluorspar Market Revenues & Volume, By Optical Grade, 2021-2031F |
6.1.6 Latvia Fluorspar Market Revenues & Volume, By Lapidary Grade, 2021-2031F |
6.2 Latvia Fluorspar Market, By Variety |
6.2.1 Overview and Analysis |
6.2.2 Latvia Fluorspar Market Revenues & Volume, By Antozonite, 2021-2031F |
6.2.3 Latvia Fluorspar Market Revenues & Volume, By Blue John, 2021-2031F |
6.2.4 Latvia Fluorspar Market Revenues & Volume, By Chlorophane, 2021-2031F |
6.2.5 Latvia Fluorspar Market Revenues & Volume, By Yttrocerite, 2021-2031F |
6.2.6 Latvia Fluorspar Market Revenues & Volume, By Yttrofluorite, 2021-2031F |
6.2.7 Latvia Fluorspar Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Fluorspar Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Fluorspar Market Revenues & Volume, By Metallurgical, 2021-2031F |
6.3.3 Latvia Fluorspar Market Revenues & Volume, By Ceramics, 2021-2031F |
6.3.4 Latvia Fluorspar Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.5 Latvia Fluorspar Market Revenues & Volume, By Optical Grade Fluorite, 2021-2031F |
6.3.6 Latvia Fluorspar Market Revenues & Volume, By Lapidary Grade Fluorite, 2021-2031F |
6.3.7 Latvia Fluorspar Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Fluorspar Market Import-Export Trade Statistics |
7.1 Latvia Fluorspar Market Export to Major Countries |
7.2 Latvia Fluorspar Market Imports from Major Countries |
8 Latvia Fluorspar Market Key Performance Indicators |
8.1 Average selling price of fluorspar in the Latvian market |
8.2 Consumption of fluorspar by key industries in Latvia |
8.3 Number of infrastructure projects utilizing fluorspar in their construction or manufacturing processes |
9 Latvia Fluorspar Market - Opportunity Assessment |
9.1 Latvia Fluorspar Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Latvia Fluorspar Market Opportunity Assessment, By Variety, 2021 & 2031F |
9.3 Latvia Fluorspar Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Fluorspar Market - Competitive Landscape |
10.1 Latvia Fluorspar Market Revenue Share, By Companies, 2024 |
10.2 Latvia Fluorspar 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.
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