| Product Code: ETC5707597 | 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 |
Despite a decline in the CAGR and growth rate for LNG storage tank import shipments to Latvia, the market continued to be dominated by a concentrated group of top exporting countries in 2024. Lithuania, Poland, Germany, USA, and Sweden maintained their positions as key suppliers. The high Herfindahl-Hirschman Index (HHI) suggests limited competition in the market. The significant decrease in growth rate from 2023 to 2024 indicates a challenging year for the industry, possibly impacted by various factors such as market dynamics and global trends.

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 LNG Storage Tank Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia LNG Storage Tank Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia LNG Storage Tank Market - Industry Life Cycle |
3.4 Latvia LNG Storage Tank Market - Porter's Five Forces |
3.5 Latvia LNG Storage Tank Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia LNG Storage Tank Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Latvia LNG Storage Tank Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cleaner energy sources |
4.2.2 Government initiatives promoting the use of LNG as a fuel |
4.2.3 Growing investments in LNG infrastructure development |
4.3 Market Restraints |
4.3.1 High initial investment costs for LNG storage tank facilities |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Limited availability of skilled workforce in the LNG industry |
5 Latvia LNG Storage Tank Market Trends |
6 Latvia LNG Storage Tank Market Segmentations |
6.1 Latvia LNG Storage Tank Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia LNG Storage Tank Market Revenues & Volume, By Self-Supporting, 2021-2031F |
6.1.3 Latvia LNG Storage Tank Market Revenues & Volume, By Non-Self-Supporting, 2021-2031F |
6.2 Latvia LNG Storage Tank Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia LNG Storage Tank Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Latvia LNG Storage Tank Market Revenues & Volume, By 9% Nickel Steel, 2021-2031F |
6.2.4 Latvia LNG Storage Tank Market Revenues & Volume, By Aluminum Alloy, 2021-2031F |
7 Latvia LNG Storage Tank Market Import-Export Trade Statistics |
7.1 Latvia LNG Storage Tank Market Export to Major Countries |
7.2 Latvia LNG Storage Tank Market Imports from Major Countries |
8 Latvia LNG Storage Tank Market Key Performance Indicators |
8.1 Utilization rate of existing LNG storage tank facilities |
8.2 Number of new LNG storage tank construction projects initiated |
8.3 Average fill rate of LNG storage tanks |
8.4 Energy efficiency of LNG storage and vaporization processes |
8.5 Rate of adoption of LNG as a fuel in various industries and applications |
9 Latvia LNG Storage Tank Market - Opportunity Assessment |
9.1 Latvia LNG Storage Tank Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia LNG Storage Tank Market Opportunity Assessment, By Material, 2021 & 2031F |
10 Latvia LNG Storage Tank Market - Competitive Landscape |
10.1 Latvia LNG Storage Tank Market Revenue Share, By Companies, 2024 |
10.2 Latvia LNG Storage Tank Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |