Latvia Patchouli oil Market (2025-2031) | Segmentation, Analysis, Growth, Trends, Value, Industry, Share, Companies, Revenue, Forecast, Outlook & Size
Market Forecast By Type (Dark Patchouli Oil, Light Patchouli Oil), By Application (Perfumery, Medicine, Flavorings, Others) And Competitive Landscape
| Product Code: ETC4706126 | 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 | |
Latvia Patchouli Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of patchouli oil in Latvia experienced a significant increase in concentration in 2024, with top exporting countries including Belarus, Lithuania, India, Poland, and Germany. This shift in concentration indicates a changing landscape in the market dynamics. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a remarkable growth rate of 55.39% from 2023 to 2024. This suggests a recent surge in demand or supply chain improvements. The evolving trends in import patterns for patchouli oil in Latvia present opportunities for market players to capitalize on the growing market potential.
Patchouli oil Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Patchouli oil market in Latvia is projected to grow at a stable growth rate of 4.62% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.
Key Highlights of the Report:
- Latvia Patchouli oil Market Outlook
- Market Size of Latvia Patchouli oil Market, 2024
- Forecast of Latvia Patchouli oil Market, 2031
- Historical Data and Forecast of Latvia Patchouli oil Revenues & Volume for the Period 2021-2031
- Latvia Patchouli oil Market Trend Evolution
- Latvia Patchouli oil Market Drivers and Challenges
- Latvia Patchouli oil Price Trends
- Latvia Patchouli oil Porter`s Five Forces
- Latvia Patchouli oil Industry Life Cycle
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Dark Patchouli Oil for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Light Patchouli Oil for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Perfumery for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Medicine for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Flavorings for the Period 2021-2031
- Historical Data and Forecast of Latvia Patchouli oil Market Revenues & Volume By Others for the Period 2021-2031
- Latvia Patchouli oil Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Latvia Patchouli oil Top Companies Market Share
- Latvia Patchouli oil Competitive Benchmarking By Technical and Operational Parameters
- Latvia Patchouli oil Company Profiles
- Latvia Patchouli oil Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Patchouli oil Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Patchouli oil Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Patchouli oil Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Patchouli oil Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Patchouli oil Market - Industry Life Cycle |
3.4 Latvia Patchouli oil Market - Porter's Five Forces |
3.5 Latvia Patchouli oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Patchouli oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Patchouli oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of patchouli oil in skincare and aromatherapy |
4.2.2 Growing demand for natural and organic ingredients in beauty and personal care products |
4.2.3 Rising popularity of aromatherapy and natural remedies for stress relief and relaxation |
4.3 Market Restraints |
4.3.1 Limited availability of patchouli oil due to specific growing conditions and geographical constraints |
4.3.2 Fluctuations in raw material prices affecting the overall production cost |
4.3.3 Regulatory challenges related to quality standards and certifications for patchouli oil |
5 Latvia Patchouli oil Market Trends |
6 Latvia Patchouli oil Market Segmentations |
6.1 Latvia Patchouli oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Patchouli oil Market Revenues & Volume, By Dark Patchouli Oil, 2021-2031F |
6.1.3 Latvia Patchouli oil Market Revenues & Volume, By Light Patchouli Oil, 2021-2031F |
6.2 Latvia Patchouli oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Patchouli oil Market Revenues & Volume, By Perfumery, 2021-2031F |
6.2.3 Latvia Patchouli oil Market Revenues & Volume, By Medicine, 2021-2031F |
6.2.4 Latvia Patchouli oil Market Revenues & Volume, By Flavorings, 2021-2031F |
6.2.5 Latvia Patchouli oil Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Patchouli oil Market Import-Export Trade Statistics |
7.1 Latvia Patchouli oil Market Export to Major Countries |
7.2 Latvia Patchouli oil Market Imports from Major Countries |
8 Latvia Patchouli oil Market Key Performance Indicators |
8.1 Average selling price of patchouli oil in the market |
8.2 Number of new products launched containing patchouli oil |
8.3 Percentage increase in the cultivation area of patchouli plants in Latvia |
9 Latvia Patchouli oil Market - Opportunity Assessment |
9.1 Latvia Patchouli oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Patchouli oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Patchouli oil Market - Competitive Landscape |
10.1 Latvia Patchouli oil Market Revenue Share, By Companies, 2024 |
10.2 Latvia Patchouli oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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