| Product Code: ETC5644688 | 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 refinery catalyst import shipments in 2024 were primarily sourced from Turkey, China, Finland, India, and Germany. Despite a significant decrease in the concentration of market share compared to 2023, the market remained relatively concentrated in 2024. The compound annual growth rate for the period 2020-2024 was notably negative at -21.56%, with a sharp decline in growth rate from 2023 to 2024 at -65.92%. This indicates a challenging environment for the refinery catalyst market in Latvia, likely influenced by various external factors impacting trade dynamics.

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 Refinery Catalyst Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Refinery Catalyst Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Refinery Catalyst Market - Industry Life Cycle |
3.4 Latvia Refinery Catalyst Market - Porter's Five Forces |
3.5 Latvia Refinery Catalyst Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Refinery Catalyst Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
4 Latvia Refinery Catalyst Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for petroleum products in Latvia |
4.2.2 Growth in the refinery industry in Latvia |
4.2.3 Technological advancements in catalyst production |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices |
4.3.2 Stringent environmental regulations |
4.3.3 Competition from alternative catalyst technologies |
5 Latvia Refinery Catalyst Market Trends |
6 Latvia Refinery Catalyst Market Segmentations |
6.1 Latvia Refinery Catalyst Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Refinery Catalyst Market Revenues & Volume, By FCC Catalysts, 2021-2031F |
6.1.3 Latvia Refinery Catalyst Market Revenues & Volume, By Hydrotreating Catalysts, 2021-2031F |
6.1.4 Latvia Refinery Catalyst Market Revenues & Volume, By Hydrocracking Catalysts, 2021-2031F |
6.1.5 Latvia Refinery Catalyst Market Revenues & Volume, By Catalytic Reforming Catalysts, 2021-2031F |
6.2 Latvia Refinery Catalyst Market, By Ingredient |
6.2.1 Overview and Analysis |
6.2.2 Latvia Refinery Catalyst Market Revenues & Volume, By Zeolites, 2021-2031F |
6.2.3 Latvia Refinery Catalyst Market Revenues & Volume, By Metal, 2021-2031F |
6.2.4 Latvia Refinery Catalyst Market Revenues & Volume, By Chemical Compounds, 2021-2031F |
7 Latvia Refinery Catalyst Market Import-Export Trade Statistics |
7.1 Latvia Refinery Catalyst Market Export to Major Countries |
7.2 Latvia Refinery Catalyst Market Imports from Major Countries |
8 Latvia Refinery Catalyst Market Key Performance Indicators |
8.1 Average utilization rate of refinery catalysts in Latvia |
8.2 Adoption rate of new catalyst technologies in Latvian refineries |
8.3 Rate of investment in refinery capacity expansion in Latvia |
9 Latvia Refinery Catalyst Market - Opportunity Assessment |
9.1 Latvia Refinery Catalyst Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Refinery Catalyst Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
10 Latvia Refinery Catalyst Market - Competitive Landscape |
10.1 Latvia Refinery Catalyst Market Revenue Share, By Companies, 2024 |
10.2 Latvia Refinery Catalyst 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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