| Product Code: ETC5524855 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to heavily rely on liquid nitrogen imports, with top suppliers being Estonia, Lithuania, Austria, Sweden, and Finland. The market remained highly concentrated, indicating limited diversity among suppliers. Despite a notable compound annual growth rate (CAGR) of 21.13% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -7.05%. This suggests a potential shift or stabilization in the market dynamics, emphasizing the need for strategic analysis and adaptation in the liquid nitrogen import sector in Latvia.

The Liquid Nitrogen market in Latvia is projected to grow at a stable growth rate of 3.15% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Liquid Nitrogen Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Liquid Nitrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Liquid Nitrogen Market - Industry Life Cycle |
3.4 Latvia Liquid Nitrogen Market - Porter's Five Forces |
3.5 Latvia Liquid Nitrogen Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Latvia Liquid Nitrogen Market Revenues & Volume Share, By Storage, Distribution and Transportation, 2021 & 2031F |
3.7 Latvia Liquid Nitrogen Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Latvia Liquid Nitrogen Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Latvia Liquid Nitrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the healthcare sector for cryopreservation and cryotherapy applications |
4.2.2 Increasing adoption of liquid nitrogen in the food and beverage industry for freezing and chilling purposes |
4.2.3 Expansion of the electronics industry in Latvia driving the need for liquid nitrogen for cooling electronic components |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up liquid nitrogen production and storage facilities |
4.3.2 Stringent regulations and safety concerns associated with handling and storing liquid nitrogen |
4.3.3 Fluctuating prices of raw materials used in liquid nitrogen production impacting market stability |
5 Latvia Liquid Nitrogen Market Trends |
6 Latvia Liquid Nitrogen Market Segmentations |
6.1 Latvia Liquid Nitrogen Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Liquid Nitrogen Market Revenues & Volume, By Chemicals & pharmaceuticals, 2021-2031F |
6.1.3 Latvia Liquid Nitrogen Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.1.4 Latvia Liquid Nitrogen Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.5 Latvia Liquid Nitrogen Market Revenues & Volume, By Metal manufacturing & construction, 2021-2031F |
6.1.6 Latvia Liquid Nitrogen Market Revenues & Volume, By Rubber & Plastic, 2021-2031F |
6.1.7 Latvia Liquid Nitrogen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Liquid Nitrogen Market, By Storage, Distribution and Transportation |
6.2.1 Overview and Analysis |
6.2.2 Latvia Liquid Nitrogen Market Revenues & Volume, By Cylinder & packaged distribution, 2021-2031F |
6.2.3 Latvia Liquid Nitrogen Market Revenues & Volume, By Merchant liquid distribution, 2021-2031F |
6.2.4 Latvia Liquid Nitrogen Market Revenues & Volume, By Tonnage distribution, 2021-2031F |
6.3 Latvia Liquid Nitrogen Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Latvia Liquid Nitrogen Market Revenues & Volume, By Coolant, 2021-2031F |
6.3.3 Latvia Liquid Nitrogen Market Revenues & Volume, By Refrigerant, 2021-2031F |
6.4 Latvia Liquid Nitrogen Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 Latvia Liquid Nitrogen Market Revenues & Volume, By Cryogenic distillation, 2021-2031F |
6.4.3 Latvia Liquid Nitrogen Market Revenues & Volume, By Pressure swing adsorption, 2021-2031F |
7 Latvia Liquid Nitrogen Market Import-Export Trade Statistics |
7.1 Latvia Liquid Nitrogen Market Export to Major Countries |
7.2 Latvia Liquid Nitrogen Market Imports from Major Countries |
8 Latvia Liquid Nitrogen Market Key Performance Indicators |
8.1 Average selling price of liquid nitrogen in Latvia |
8.2 Number of new applications or industries adopting liquid nitrogen usage |
8.3 Utilization rate of liquid nitrogen production facilities |
9 Latvia Liquid Nitrogen Market - Opportunity Assessment |
9.1 Latvia Liquid Nitrogen Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Latvia Liquid Nitrogen Market Opportunity Assessment, By Storage, Distribution and Transportation, 2021 & 2031F |
9.3 Latvia Liquid Nitrogen Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Latvia Liquid Nitrogen Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Latvia Liquid Nitrogen Market - Competitive Landscape |
10.1 Latvia Liquid Nitrogen Market Revenue Share, By Companies, 2024 |
10.2 Latvia Liquid Nitrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |