| Product Code: ETC5301567 | 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 |
In 2024, Latvia`s phosphates import market saw a shift in top exporting countries, with Germany, Metropolitan France, Lithuania, Estonia, and Belgium leading the way. Despite a decrease in the growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained positive at 0.56%. The Herfindahl-Hirschman Index (HHI) indicated high concentration in both 2023 and 2024, suggesting a competitive market landscape. This data highlights the importance of monitoring trends and key players in the phosphates import market for strategic decision-making.

In the Europe region, the Phosphates market in Latvia is projected to expand at a stable growth rate of 0.50% by 2027. The largest economy is Germany, 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 Phosphates Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Phosphates Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Phosphates Market - Industry Life Cycle |
3.4 Latvia Phosphates Market - Porter's Five Forces |
3.5 Latvia Phosphates Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Phosphates Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Phosphates Market Revenues & Volume Share, By Type of Resource:, 2021 & 2031F |
4 Latvia Phosphates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fertilizers in agriculture sector |
4.2.2 Growing awareness about the benefits of using phosphates in crop production |
4.2.3 Favorable government policies supporting the agriculture industry in Latvia |
4.3 Market Restraints |
4.3.1 Environmental concerns related to phosphate runoff and water pollution |
4.3.2 Fluctuating prices of raw materials impacting production costs |
5 Latvia Phosphates Market Trends |
6 Latvia Phosphates Market Segmentations |
6.1 Latvia Phosphates Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Phosphates Market Revenues & Volume, By Ammonium Phosphate, 2021-2031F |
6.1.3 Latvia Phosphates Market Revenues & Volume, By Calcium Phosphate, 2021-2031F |
6.1.4 Latvia Phosphates Market Revenues & Volume, By Phosphoric Acid, 2021-2031F |
6.1.5 Latvia Phosphates Market Revenues & Volume, By Potassium Phosphate, 2021-2031F |
6.1.6 Latvia Phosphates Market Revenues & Volume, By Sodium Tripolyphosphate, 2021-2031F |
6.1.7 Latvia Phosphates Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Phosphates Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Phosphates Market Revenues & Volume, By Fertilizers, 2021-2031F |
6.2.3 Latvia Phosphates Market Revenues & Volume, By Foods & Beverages, 2021-2031F |
6.2.4 Latvia Phosphates Market Revenues & Volume, By Detergents, 2021-2031F |
6.2.5 Latvia Phosphates Market Revenues & Volume, By Water Treatment Chemicals, 2021-2031F |
6.2.6 Latvia Phosphates Market Revenues & Volume, By Metal Finishing, 2021-2031F |
6.2.7 Latvia Phosphates Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Phosphates Market, By Type of Resource: |
6.3.1 Overview and Analysis |
6.3.2 Latvia Phosphates Market Revenues & Volume, By Sedimentary Marine Deposits, 2021-2031F |
6.3.3 Latvia Phosphates Market Revenues & Volume, By Igneous & Weathered Rock, 2021-2031F |
6.3.4 Latvia Phosphates Market Revenues & Volume, By Biogenic, 2021-2031F |
6.3.5 Latvia Phosphates Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Phosphates Market Import-Export Trade Statistics |
7.1 Latvia Phosphates Market Export to Major Countries |
7.2 Latvia Phosphates Market Imports from Major Countries |
8 Latvia Phosphates Market Key Performance Indicators |
8.1 Soil health improvement rate in farms using phosphates |
8.2 Adoption rate of phosphate-based fertilizers in agriculture |
8.3 Efficiency of phosphate utilization in crop yields |
9 Latvia Phosphates Market - Opportunity Assessment |
9.1 Latvia Phosphates Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Phosphates Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Phosphates Market Opportunity Assessment, By Type of Resource:, 2021 & 2031F |
10 Latvia Phosphates Market - Competitive Landscape |
10.1 Latvia Phosphates Market Revenue Share, By Companies, 2024 |
10.2 Latvia Phosphates 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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