| Product Code: ETC4724214 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s propylene import market in 2024 saw consistent dominance from top exporting countries such as Finland, Lithuania, Germany, Spain, and the UK. Despite a slight improvement in the growth rate from 2023 to 2024, the market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained significantly high. The compound annual growth rate (CAGR) for the period 2020-2024 was negative at -0.39%, indicating challenges in the market. It will be crucial for industry players to closely monitor these trends and adapt their strategies to navigate the evolving landscape effectively.

In the Europe region, the Propylene market in Latvia is projected to expand at a stable growth rate of 3.51% 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 Propylene Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Propylene Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Propylene Market - Industry Life Cycle |
3.4 Latvia Propylene Market - Porter's Five Forces |
3.5 Latvia Propylene Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.6 Latvia Propylene Market Revenues & Volume Share, By Industrial Verticals, 2021 & 2031F |
3.7 Latvia Propylene Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.8 Latvia Propylene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Propylene Market Revenues & Volume Share, By Production process Technology, 2021 & 2031F |
4 Latvia Propylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for propylene derivatives in various industries such as automotive, packaging, and construction. |
4.2.2 Growing investments in infrastructure projects in Latvia leading to higher demand for propylene for manufacturing of construction materials. |
4.2.3 Favorable government policies and regulations promoting the growth of the chemical industry in Latvia. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the overall production cost of propylene. |
4.3.2 Competition from imported propylene products affecting the market dynamics. |
4.3.3 Environmental concerns leading to stricter regulations on propylene production processes. |
5 Latvia Propylene Market Trends |
6 Latvia Propylene Market Segmentations |
6.1 Latvia Propylene Market, By Derivatives |
6.1.1 Overview and Analysis |
6.1.2 Latvia Propylene Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.3 Latvia Propylene Market Revenues & Volume, By Propylene oxide, 2021-2031F |
6.1.4 Latvia Propylene Market Revenues & Volume, By Cumene, 2021-2031F |
6.1.5 Latvia Propylene Market Revenues & Volume, By Acrylonitrile, 2021-2031F |
6.1.6 Latvia Propylene Market Revenues & Volume, By Acrylic acid & Acrylates, 2021-2031F |
6.1.7 Latvia Propylene Market Revenues & Volume, By Alcohols, 2021-2031F |
6.2 Latvia Propylene Market, By Industrial Verticals |
6.2.1 Overview and Analysis |
6.2.2 Latvia Propylene Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Propylene Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Latvia Propylene Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.5 Latvia Propylene Market Revenues & Volume, By Textile, 2021-2031F |
6.2.6 Latvia Propylene Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Propylene Market Segmentations |
6.3.1 Overview and Analysis |
6.3.2 Latvia Propylene Market Revenues & Volume, By Purity 99%, 2021-2031F |
6.3.3 Latvia Propylene Market Revenues & Volume, By Purity 99.5%, 2021-2031F |
6.3.4 Latvia Propylene Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Propylene Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Propylene Market Revenues & Volume, By Organic Chemical Raw Materials, 2021-2031F |
6.4.3 Latvia Propylene Market Revenues & Volume, By Synthetic Resins, 2021-2031F |
6.4.4 Latvia Propylene Market Revenues & Volume, By Fine Chemicals, 2021-2031F |
6.4.5 Latvia Propylene Market Revenues & Volume, By Other, 2021-2031F |
6.5 Latvia Propylene Market, By Production process Technology |
6.5.1 Overview and Analysis |
6.5.2 Latvia Propylene Market Revenues & Volume, By Steam Cracking, 2021-2031F |
6.5.3 Latvia Propylene Market Revenues & Volume, By Refinery, 2021-2031F |
6.5.4 Latvia Propylene Market Revenues & Volume, By On- Purpose, 2021-2031F |
7 Latvia Propylene Market Import-Export Trade Statistics |
7.1 Latvia Propylene Market Export to Major Countries |
7.2 Latvia Propylene Market Imports from Major Countries |
8 Latvia Propylene Market Key Performance Indicators |
8.1 Capacity utilization rate of propylene manufacturing plants in Latvia. |
8.2 Average selling price of propylene in the domestic market. |
8.3 Number of new product developments using propylene in Latvia. |
8.4 Energy efficiency and sustainability metrics in propylene production processes. |
8.5 Export volume of propylene derivatives to other countries. |
9 Latvia Propylene Market - Opportunity Assessment |
9.1 Latvia Propylene Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.2 Latvia Propylene Market Opportunity Assessment, By Industrial Verticals, 2021 & 2031F |
9.3 Latvia Propylene Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.4 Latvia Propylene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Propylene Market Opportunity Assessment, By Production process Technology, 2021 & 2031F |
10 Latvia Propylene Market - Competitive Landscape |
10.1 Latvia Propylene Market Revenue Share, By Companies, 2024 |
10.2 Latvia Propylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |