| Product Code: ETC5671953 | 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 saw a shift in the concentration of propanol import shipments, moving from high concentration in 2023 to a more moderate level. Key exporting countries to Latvia include Lithuania, Belgium, Netherlands, Germany, and the UK. Despite a negative compound annual growth rate (CAGR) of -12.87% from 2020 to 2024, there was a notable growth rate of 11.55% in 2024 compared to the previous year. This suggests a potential rebound in the propanol import market in Latvia, with diverse sources contributing to the supply chain.

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 Propanol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Propanol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Propanol Market - Industry Life Cycle |
3.4 Latvia Propanol Market - Porter's Five Forces |
3.5 Latvia Propanol Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Propanol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Propanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for propanol-based products in industries such as pharmaceuticals, cosmetics, and paints coatings. |
4.2.2 Growing awareness regarding the environmental benefits of using propanol over other solvents. |
4.2.3 Expansion of manufacturing facilities and investments in the chemical sector in Latvia. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in propanol production, such as propylene and acetone. |
4.3.2 Stringent regulations related to the handling, storage, and disposal of propanol, impacting production costs. |
4.3.3 Competition from alternative solvents and chemicals in the market. |
5 Latvia Propanol Market Trends |
6 Latvia Propanol Market Segmentations |
6.1 Latvia Propanol Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Propanol Market Revenues & Volume, By N-Propanol, 2021-2031F |
6.1.3 Latvia Propanol Market Revenues & Volume, By Isopropanol, 2021-2031F |
6.2 Latvia Propanol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Propanol Market Revenues & Volume, By Direct Solvent, 2021-2031F |
6.2.3 Latvia Propanol Market Revenues & Volume, By Chemical Intermediate, 2021-2031F |
6.2.4 Latvia Propanol Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 Latvia Propanol Market Revenues & Volume, By Household & Personal Care, 2021-2031F |
7 Latvia Propanol Market Import-Export Trade Statistics |
7.1 Latvia Propanol Market Export to Major Countries |
7.2 Latvia Propanol Market Imports from Major Countries |
8 Latvia Propanol Market Key Performance Indicators |
8.1 Percentage of propanol usage in key industries in Latvia. |
8.2 Number of new product launches utilizing propanol in different applications. |
8.3 Investment in research and development for propanol-based products in Latvia. |
9 Latvia Propanol Market - Opportunity Assessment |
9.1 Latvia Propanol Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Propanol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Propanol Market - Competitive Landscape |
10.1 Latvia Propanol Market Revenue Share, By Companies, 2024 |
10.2 Latvia Propanol 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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