| Product Code: ETC5664771 | 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 see significant imports of palm methyl ester derivatives, with top exporting countries including Switzerland, Belgium, Denmark, Ireland, and Germany. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). Despite a strong compound annual growth rate (CAGR) of 15.91% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -30.42%. This suggests a potential shift or temporary slowdown in the market dynamics for palm methyl ester derivatives in Latvia.
| 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 Palm Methyl Ester Derivatives Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Palm Methyl Ester Derivatives Market - Industry Life Cycle | 
| 3.4 Latvia Palm Methyl Ester Derivatives Market - Porter's Five Forces | 
| 3.5 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume Share, By Source, 2021 & 2031F | 
| 3.6 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume Share, By End-Use, 2021 & 2031F | 
| 4 Latvia Palm Methyl Ester Derivatives Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing consumer demand for eco-friendly products | 
| 4.2.2 Growing awareness about the benefits of using palm methyl ester derivatives | 
| 4.2.3 Government regulations promoting the use of sustainable bio-based products | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating prices of raw materials | 
| 4.3.2 Competition from other bio-based derivatives | 
| 4.3.3 Lack of infrastructure for production and distribution | 
| 5 Latvia Palm Methyl Ester Derivatives Market Trends | 
| 6 Latvia Palm Methyl Ester Derivatives Market Segmentations | 
| 6.1 Latvia Palm Methyl Ester Derivatives Market, By Source | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Crude Palm Oil, 2021-2031F | 
| 6.1.3 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Palm Kernel Oil, 2021-2031F | 
| 6.2 Latvia Palm Methyl Ester Derivatives Market, By End-Use | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Soaps & Detergents, 2021-2031F | 
| 6.2.3 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Personal Care & Cosmetic Products, 2021-2031F | 
| 6.2.4 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Food & Beverages, 2021-2031F | 
| 6.2.5 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Lubricants & Additives, 2021-2031F | 
| 6.2.6 Latvia Palm Methyl Ester Derivatives Market Revenues & Volume, By Solvents, 2021-2031F | 
| 7 Latvia Palm Methyl Ester Derivatives Market Import-Export Trade Statistics | 
| 7.1 Latvia Palm Methyl Ester Derivatives Market Export to Major Countries | 
| 7.2 Latvia Palm Methyl Ester Derivatives Market Imports from Major Countries | 
| 8 Latvia Palm Methyl Ester Derivatives Market Key Performance Indicators | 
| 8.1 Sustainability certifications obtained by manufacturers | 
| 8.2 Percentage of market share held by palm methyl ester derivatives compared to other bio-based derivatives | 
| 8.3 Number of research and development initiatives focused on product innovation | 
| 8.4 Adoption rate of palm methyl ester derivatives by key industries in Latvia | 
| 9 Latvia Palm Methyl Ester Derivatives Market - Opportunity Assessment | 
| 9.1 Latvia Palm Methyl Ester Derivatives Market Opportunity Assessment, By Source, 2021 & 2031F | 
| 9.2 Latvia Palm Methyl Ester Derivatives Market Opportunity Assessment, By End-Use, 2021 & 2031F | 
| 10 Latvia Palm Methyl Ester Derivatives Market - Competitive Landscape | 
| 10.1 Latvia Palm Methyl Ester Derivatives Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Palm Methyl Ester Derivatives Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |