| Product Code: ETC13070773 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s paraffin oil import market continued to show high concentration levels in 2024, with top exporting countries being Lithuania, Estonia, Germany, Italy, and Poland. Despite a negative Compound Annual Growth Rate (CAGR) of -2.19% from 2020 to 2024, there was a significant growth spurt in 2024 with a growth rate of 45.48% compared to the previous year. The consistent presence of key exporting countries and the notable growth rate in 2024 suggests potential opportunities for market expansion and diversification in the coming years.

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 Paraffin Oil Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Paraffin Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Paraffin Oil Market - Industry Life Cycle |
3.4 Latvia Paraffin Oil Market - Porter's Five Forces |
3.5 Latvia Paraffin Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Paraffin Oil Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Latvia Paraffin Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Paraffin Oil Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Paraffin Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for paraffin oil in various industries such as cosmetics, pharmaceuticals, and food packaging. |
4.2.2 Growing awareness about the benefits of using paraffin oil in skincare products and pharmaceutical formulations. |
4.2.3 Favorable government regulations supporting the production and use of paraffin oil in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil, which can impact the cost of producing paraffin oil. |
4.3.2 Competition from alternative products such as vegetable oils and synthetic substitutes. |
4.3.3 Environmental concerns related to the use of paraffin oil, leading to potential regulatory challenges. |
5 Latvia Paraffin Oil Market Trends |
6 Latvia Paraffin Oil Market, By Types |
6.1 Latvia Paraffin Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Paraffin Oil Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Paraffin Oil Market Revenues & Volume, By Light Paraffin Oil, 2021 - 2031F |
6.1.4 Latvia Paraffin Oil Market Revenues & Volume, By Heavy Paraffin Oil, 2021 - 2031F |
6.1.5 Latvia Paraffin Oil Market Revenues & Volume, By Food-Grade Paraffin Oil, 2021 - 2031F |
6.1.6 Latvia Paraffin Oil Market Revenues & Volume, By Technical Paraffin Oil, 2021 - 2031F |
6.2 Latvia Paraffin Oil Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Latvia Paraffin Oil Market Revenues & Volume, By Pharmaceutical, 2021 - 2031F |
6.2.3 Latvia Paraffin Oil Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.4 Latvia Paraffin Oil Market Revenues & Volume, By High-Purity, 2021 - 2031F |
6.2.5 Latvia Paraffin Oil Market Revenues & Volume, By Chemical, 2021 - 2031F |
6.3 Latvia Paraffin Oil Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Paraffin Oil Market Revenues & Volume, By Skin Care Products, 2021 - 2031F |
6.3.3 Latvia Paraffin Oil Market Revenues & Volume, By Machinery Lubrication, 2021 - 2031F |
6.3.4 Latvia Paraffin Oil Market Revenues & Volume, By Food Processing, 2021 - 2031F |
6.3.5 Latvia Paraffin Oil Market Revenues & Volume, By Rubber & Plastics, 2021 - 2031F |
6.4 Latvia Paraffin Oil Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Paraffin Oil Market Revenues & Volume, By Personal Care, 2021 - 2031F |
6.4.3 Latvia Paraffin Oil Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4.4 Latvia Paraffin Oil Market Revenues & Volume, By Food Industry, 2021 - 2031F |
6.4.5 Latvia Paraffin Oil Market Revenues & Volume, By Chemical Industry, 2021 - 2031F |
7 Latvia Paraffin Oil Market Import-Export Trade Statistics |
7.1 Latvia Paraffin Oil Market Export to Major Countries |
7.2 Latvia Paraffin Oil Market Imports from Major Countries |
8 Latvia Paraffin Oil Market Key Performance Indicators |
8.1 Average selling price of paraffin oil in the Latvian market. |
8.2 Number of new product launches containing paraffin oil. |
8.3 Percentage of market share held by paraffin oil compared to alternative products. |
8.4 Volume of paraffin oil imports/exports in Latvia. |
8.5 Consumer sentiment and perception towards paraffin oil products in the market. |
9 Latvia Paraffin Oil Market - Opportunity Assessment |
9.1 Latvia Paraffin Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Paraffin Oil Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Latvia Paraffin Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Paraffin Oil Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Paraffin Oil Market - Competitive Landscape |
10.1 Latvia Paraffin Oil Market Revenue Share, By Companies, 2024 |
10.2 Latvia Paraffin Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |