| Product Code: ETC4679925 | 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 |
Latvia`s methanol import market continued to showcase reliance on key suppliers such as Venezuela, Estonia, Lithuania, Netherlands, and Azerbaijan in 2024. The high Herfindahl-Hirschman Index (HHI) reflects a concentrated market structure. With a notable compound annual growth rate (CAGR) of 30.94% from 2020 to 2024, the sector remains dynamic. A modest growth rate of 2.08% from 2023 to 2024 suggests stable expansion. Monitoring these trends closely will be crucial for stakeholders navigating the evolving landscape of methanol imports in Latvia.

In the Europe region, the Methanol market in Latvia is projected to expand at a stable growth rate of 1.00% 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 Methanol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Methanol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Methanol Market - Industry Life Cycle |
3.4 Latvia Methanol Market - Porter's Five Forces |
3.5 Latvia Methanol Market Revenues & Volume Share, By Feedstock, 2021 & 2031F |
3.6 Latvia Methanol Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.7 Latvia Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2021 & 2031F |
3.8 Latvia Methanol Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Latvia Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for methanol as a feedstock in various industries such as chemicals, automotive, and construction. |
4.2.2 Government initiatives promoting the use of methanol as a cleaner alternative to traditional fuels. |
4.2.3 Growing investments in infrastructure and industrial development in Latvia. |
4.3 Market Restraints |
4.3.1 Volatility in methanol prices due to fluctuations in raw material costs and global market conditions. |
4.3.2 Environmental concerns related to the production and use of methanol, leading to stricter regulations. |
4.3.3 Competition from alternative fuels and chemicals impacting the market growth. |
5 Latvia Methanol Market Trends |
6 Latvia Methanol Market Segmentations |
6.1 Latvia Methanol Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 Latvia Methanol Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.3 Latvia Methanol Market Revenues & Volume, By Coal, 2021-2031F |
6.1.4 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Methanol Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Latvia Methanol Market Revenues & Volume, By Gasoline, 2021-2031F |
6.2.3 Latvia Methanol Market Revenues & Volume, By MTO/MTP, 2021-2031F |
6.2.4 Latvia Methanol Market Revenues & Volume, By Formaldehyde, 2021-2031F |
6.2.5 Latvia Methanol Market Revenues & Volume, By Methyl Tertiary Butyl Ether (MTBE), 2021-2031F |
6.2.6 Latvia Methanol Market Revenues & Volume, By Acetic Acid, 2021-2031F |
6.2.7 Latvia Methanol Market Revenues & Volume, By Dimethyl Ether (DME), 2021-2031F |
6.2.8 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Methanol Market, By Sub-Derivatives |
6.3.1 Overview and Analysis |
6.3.2 Latvia Methanol Market Revenues & Volume, By Gasoline additives, 2021-2031F |
6.3.3 Latvia Methanol Market Revenues & Volume, By Olefins, 2021-2031F |
6.3.4 Latvia Methanol Market Revenues & Volume, By UF/PF resins, 2021-2031F |
6.3.5 Latvia Methanol Market Revenues & Volume, By VAM, 2021-2031F |
6.3.6 Latvia Methanol Market Revenues & Volume, By Polyacetals, 2021-2031F |
6.3.7 Latvia Methanol Market Revenues & Volume, By MDI, 2021-2031F |
6.3.8 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Methanol Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Methanol Market Revenues & Volume, By Construction, 2021-2031F |
6.4.3 Latvia Methanol Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Latvia Methanol Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.5 Latvia Methanol Market Revenues & Volume, By Appliances, 2021-2031F |
6.4.6 Latvia Methanol Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.4.7 Latvia Methanol Market Revenues & Volume, By Insulation, 2021-2031F |
6.4.8 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Latvia Methanol Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Methanol Market Import-Export Trade Statistics |
7.1 Latvia Methanol Market Export to Major Countries |
7.2 Latvia Methanol Market Imports from Major Countries |
8 Latvia Methanol Market Key Performance Indicators |
8.1 Methanol production capacity expansion rate in Latvia. |
8.2 Adoption rate of methanol-based technologies in key industries. |
8.3 Number of new methanol production facilities established in the country. |
8.4 Research and development investments in methanol technologies and applications. |
8.5 Carbon footprint reduction attributed to the use of methanol in Latvia. |
9 Latvia Methanol Market - Opportunity Assessment |
9.1 Latvia Methanol Market Opportunity Assessment, By Feedstock, 2021 & 2031F |
9.2 Latvia Methanol Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.3 Latvia Methanol Market Opportunity Assessment, By Sub-Derivatives, 2021 & 2031F |
9.4 Latvia Methanol Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Latvia Methanol Market - Competitive Landscape |
10.1 Latvia Methanol Market Revenue Share, By Companies, 2024 |
10.2 Latvia Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |