| Product Code: ETC4765178 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to rely on imports of magnesite, with key suppliers being Lithuania, Germany, Metropolitan France, Poland, and the UK. The market remained highly concentrated, indicating limited diversification among import sources. Despite a strong compound annual growth rate (CAGR) of 9.58% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024, showing a challenging year for magnesite imports. The dynamics of the market suggest a need for strategic planning to navigate fluctuations and maintain a stable supply chain.
In the Europe region, the Magnesite market in Latvia is projected to expand at a stable growth rate of 0.61% 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 Magnesite Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Magnesite Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Magnesite Market - Industry Life Cycle |
3.4 Latvia Magnesite Market - Porter's Five Forces |
3.5 Latvia Magnesite Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Magnesite Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Magnesite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for refractories in industries such as steel, cement, and glass, which are key consumers of magnesite products. |
4.2.2 Increasing focus on sustainable and energy-efficient solutions, with magnesite being used in eco-friendly applications. |
4.2.3 Favorable government initiatives and investments in infrastructure development, driving the demand for magnesite-based products in construction. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the cost of production and profitability in the magnesite market. |
4.3.2 Environmental regulations and concerns regarding mining activities and emissions associated with magnesite production. |
5 Latvia Magnesite Market Trends |
6 Latvia Magnesite Market Segmentations |
6.1 Latvia Magnesite Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Magnesite Market Revenues & Volume, By Dead-Burned Magnesia, 2021-2031F |
6.1.3 Latvia Magnesite Market Revenues & Volume, By Fused Magnesia, 2021-2031F |
6.1.4 Latvia Magnesite Market Revenues & Volume, By Other Types, 2021-2031F |
6.2 Latvia Magnesite Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Magnesite Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 Latvia Magnesite Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.4 Latvia Magnesite Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 Latvia Magnesite Market Revenues & Volume, By Refractory, 2021-2031F |
6.2.6 Latvia Magnesite Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Latvia Magnesite Market Import-Export Trade Statistics |
7.1 Latvia Magnesite Market Export to Major Countries |
7.2 Latvia Magnesite Market Imports from Major Countries |
8 Latvia Magnesite Market Key Performance Indicators |
8.1 Energy efficiency improvements in magnesite processing plants. |
8.2 Adoption rate of magnesite in new construction projects. |
8.3 Research and development investment in new magnesite-based products. |
8.4 Percentage of recycled magnesite materials used in manufacturing processes. |
9 Latvia Magnesite Market - Opportunity Assessment |
9.1 Latvia Magnesite Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Magnesite Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Magnesite Market - Competitive Landscape |
10.1 Latvia Magnesite Market Revenue Share, By Companies, 2024 |
10.2 Latvia Magnesite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |