| Product Code: ETC7916206 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s n-hexane import market continued to show robust growth in 2024, with top exporters including Russia, Poland, Belgium, Germany, and Lithuania. The high concentration of the market, as indicated by the high Herfindahl-Hirschman Index (HHI), suggests a competitive landscape dominated by a few key players. The impressive compound annual growth rate (CAGR) of 25.3% from 2020 to 2024 highlights the increasing demand for n-hexane in Latvia. Moreover, the growth rate of 11.69% from 2023 to 2024 indicates sustained momentum in the market, making it an attractive sector for further analysis and investment considerations.

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 N-Hexane Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia N-Hexane Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia N-Hexane Market - Industry Life Cycle |
3.4 Latvia N-Hexane Market - Porter's Five Forces |
3.5 Latvia N-Hexane Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia N-Hexane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the pharmaceutical industry for the production of solvents and reagents |
4.2.2 Increasing usage of n-hexane in the food processing industry for extracting vegetable oils |
4.2.3 Favorable government regulations supporting the use of n-hexane in various industrial applications |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of n-hexane |
4.3.2 Environmental concerns related to the use of n-hexane leading to stricter regulations |
4.3.3 Competition from alternative solvents and extraction methods affecting the market growth |
5 Latvia N-Hexane Market Trends |
6 Latvia N-Hexane Market, By Types |
6.1 Latvia N-Hexane Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia N-Hexane Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia N-Hexane Market Revenues & Volume, By Edible Oil Extraction, 2021- 2031F |
6.1.4 Latvia N-Hexane Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.1.5 Latvia N-Hexane Market Revenues & Volume, By Industrial Solvent, 2021- 2031F |
6.1.6 Latvia N-Hexane Market Revenues & Volume, By Adhesive Formulation, 2021- 2031F |
6.1.7 Latvia N-Hexane Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia N-Hexane Market Import-Export Trade Statistics |
7.1 Latvia N-Hexane Market Export to Major Countries |
7.2 Latvia N-Hexane Market Imports from Major Countries |
8 Latvia N-Hexane Market Key Performance Indicators |
8.1 Average selling price of n-hexane in the Latvia market |
8.2 Number of new applications or industries adopting n-hexane as a solvent |
8.3 Amount of n-hexane imported/exported in Latvia |
8.4 Research and development investment in n-hexane extraction and purification technologies |
8.5 Environmental compliance metrics related to n-hexane usage in industrial processes |
9 Latvia N-Hexane Market - Opportunity Assessment |
9.1 Latvia N-Hexane Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia N-Hexane Market - Competitive Landscape |
10.1 Latvia N-Hexane Market Revenue Share, By Companies, 2024 |
10.2 Latvia N-Hexane 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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