| Product Code: ETC4817713 | 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 oxygen import shipments in 2024 continued to be dominated by neighboring countries such as Estonia and Lithuania, as well as Austria, Sweden, and Finland. Despite the high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the industry saw a healthy compound annual growth rate (CAGR) of 12.48% from 2020 to 2024. However, there was a notable decrease in growth rate from 2023 to 2024, with a -21.78% change. These trends suggest a dynamic market influenced by both regional dynamics and global factors impacting the import of oxygen in Latvia.

By 2027, Latvia's Oxygen market is forecasted to achieve a stable growth rate of 0.48%, with Germany leading the Europe region, 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 Oxygen Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Oxygen Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Oxygen Market - Industry Life Cycle |
3.4 Latvia Oxygen Market - Porter's Five Forces |
3.5 Latvia Oxygen Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Oxygen Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Oxygen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing healthcare infrastructure and increasing healthcare expenditure in Latvia |
4.2.2 Rising awareness about the benefits of oxygen therapy for various medical conditions |
4.2.3 Increasing prevalence of respiratory diseases and disorders in the population |
4.3 Market Restraints |
4.3.1 Stringent regulatory requirements and standards for oxygen production and distribution |
4.3.2 Volatility in raw material prices affecting the production costs |
4.3.3 Competition from alternative therapies and technologies in the healthcare sector |
5 Latvia Oxygen Market Trends |
6 Latvia Oxygen Market Segmentations |
6.1 Latvia Oxygen Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Oxygen Market Revenues & Volume, By Medical Oxygen, 2021-2031F |
6.1.3 Latvia Oxygen Market Revenues & Volume, By Industrial Oxygen, 2021-2031F |
6.1.4 Latvia Oxygen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Oxygen Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Oxygen Market Revenues & Volume, By Mineral Processing, 2021-2031F |
6.2.3 Latvia Oxygen Market Revenues & Volume, By Automobiles, 2021-2031F |
6.2.4 Latvia Oxygen Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 Latvia Oxygen Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.6 Latvia Oxygen Market Revenues & Volume, By Mining, 2021-2031F |
6.2.7 Latvia Oxygen Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
7 Latvia Oxygen Market Import-Export Trade Statistics |
7.1 Latvia Oxygen Market Export to Major Countries |
7.2 Latvia Oxygen Market Imports from Major Countries |
8 Latvia Oxygen Market Key Performance Indicators |
8.1 Utilization rate of oxygen therapy equipment in healthcare facilities |
8.2 Number of patients opting for oxygen therapy treatments |
8.3 Rate of adoption of innovative oxygen delivery systems in the market |
9 Latvia Oxygen Market - Opportunity Assessment |
9.1 Latvia Oxygen Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Oxygen Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Oxygen Market - Competitive Landscape |
10.1 Latvia Oxygen Market Revenue Share, By Companies, 2024 |
10.2 Latvia Oxygen 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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