| Product Code: ETC5688711 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s phosphate import market in 2024 continued to be dominated by neighboring countries like Lithuania, Poland, and Estonia, along with key players like Germany and Metropolitan France. Despite a high Herfindahl-Hirschman Index (HHI) indicating concentration, the market saw a significant decline in the Compound Annual Growth Rate (CAGR) from 2020 to 2024 at -6.47%. The growth rate from 2023 to 2024 was particularly steep at -34.75%, reflecting a challenging year for the phosphate import sector in Latvia.

The Phosphate market in Latvia is projected to grow at a stable growth rate of 0.68% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Phosphate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Phosphate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Phosphate Market - Industry Life Cycle |
3.4 Latvia Phosphate Market - Porter's Five Forces |
3.5 Latvia Phosphate Market Revenues & Volume Share, By Type/Derivative, 2021 & 2031F |
3.6 Latvia Phosphate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Phosphate Market Revenues & Volume Share, By Type of Resource, 2021 & 2031F |
4 Latvia Phosphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fertilizers in the agriculture sector |
4.2.2 Growing awareness about the benefits of using phosphate-based products |
4.2.3 Government initiatives promoting sustainable agriculture practices |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Environmental concerns related to phosphate mining and usage |
4.3.3 Competition from alternative products or substitutes |
5 Latvia Phosphate Market Trends |
6 Latvia Phosphate Market Segmentations |
6.1 Latvia Phosphate Market, By Type/Derivative |
6.1.1 Overview and Analysis |
6.1.2 Latvia Phosphate Market Revenues & Volume, By Ammonium Phosphate, 2021-2031F |
6.1.3 Latvia Phosphate Market Revenues & Volume, By Calcium Phosphate, 2021-2031F |
6.1.4 Latvia Phosphate Market Revenues & Volume, By Phosphoric Acid, 2021-2031F |
6.2 Latvia Phosphate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Phosphate Market Revenues & Volume, By Fertilizers, 2021-2031F |
6.2.3 Latvia Phosphate Market Revenues & Volume, By Foods & Beverages, 2021-2031F |
6.2.4 Latvia Phosphate Market Revenues & Volume, By Detergents, 2021-2031F |
6.3 Latvia Phosphate Market, By Type of Resource |
6.3.1 Overview and Analysis |
6.3.2 Latvia Phosphate Market Revenues & Volume, By Sedimentary Marine Deposits, 2021-2031F |
6.3.3 Latvia Phosphate Market Revenues & Volume, By Igneous & Weathered, 2021-2031F |
6.3.4 Latvia Phosphate Market Revenues & Volume, By Biogenic, 2021-2031F |
7 Latvia Phosphate Market Import-Export Trade Statistics |
7.1 Latvia Phosphate Market Export to Major Countries |
7.2 Latvia Phosphate Market Imports from Major Countries |
8 Latvia Phosphate Market Key Performance Indicators |
8.1 Percentage of agricultural land using phosphate-based fertilizers |
8.2 Adoption rate of sustainable phosphate mining practices |
8.3 Number of government policies supporting phosphate market growth |
9 Latvia Phosphate Market - Opportunity Assessment |
9.1 Latvia Phosphate Market Opportunity Assessment, By Type/Derivative, 2021 & 2031F |
9.2 Latvia Phosphate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Phosphate Market Opportunity Assessment, By Type of Resource, 2021 & 2031F |
10 Latvia Phosphate Market - Competitive Landscape |
10.1 Latvia Phosphate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Phosphate 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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