| Product Code: ETC5353304 | 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 continued to rely on sodium hydroxide imports from Lithuania, China, Italy, Germany, and Belgium. Despite a high concentration of supply, the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -10.83% from 2020 to 2024. The year 2024 saw a sharp decrease in growth rate at -45.45%, indicating challenges in the sodium hydroxide import market in Latvia. Stakeholders should closely monitor these trends and adapt their strategies to navigate the evolving market dynamics.

By 2027, the Sodium Hydroxide market in Latvia is anticipated to reach a growth rate of 0.47%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Sodium Hydroxide Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sodium Hydroxide Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sodium Hydroxide Market - Industry Life Cycle |
3.4 Latvia Sodium Hydroxide Market - Porter's Five Forces |
3.5 Latvia Sodium Hydroxide Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.6 Latvia Sodium Hydroxide Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.7 Latvia Sodium Hydroxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Sodium Hydroxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the soap and detergent industry |
4.2.2 Increasing use in the pulp and paper industry |
4.2.3 Expansion of the chemical manufacturing sector in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Environmental concerns regarding the production process |
4.3.3 Competition from alternative chemical products |
5 Latvia Sodium Hydroxide Market Trends |
6 Latvia Sodium Hydroxide Market Segmentations |
6.1 Latvia Sodium Hydroxide Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sodium Hydroxide Market Revenues & Volume, By Industry, 2021-2031F |
6.1.3 Latvia Sodium Hydroxide Market Revenues & Volume, By Pulp and Paper, 2021-2031F |
6.1.4 Latvia Sodium Hydroxide Market Revenues & Volume, By Personal Care, 2021-2031F |
6.1.5 Latvia Sodium Hydroxide Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.1.6 Latvia Sodium Hydroxide Market Revenues & Volume, By Textile, 2021-2031F |
6.1.7 Latvia Sodium Hydroxide Market Revenues & Volume, By Food, 2021-2031F |
6.1.9 Latvia Sodium Hydroxide Market Revenues & Volume, By Aluminium, 2021-2031F |
6.1.10 Latvia Sodium Hydroxide Market Revenues & Volume, By Aluminium, 2021-2031F |
6.2 Latvia Sodium Hydroxide Market, By Product Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sodium Hydroxide Market Revenues & Volume, By Liquid Form, 2021-2031F |
6.2.3 Latvia Sodium Hydroxide Market Revenues & Volume, By Solid Form , 2021-2031F |
6.3 Latvia Sodium Hydroxide Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Sodium Hydroxide Market Revenues & Volume, By Cleaning Agent, 2021-2031F |
6.3.3 Latvia Sodium Hydroxide Market Revenues & Volume, By Catalyst, 2021-2031F |
6.3.4 Latvia Sodium Hydroxide Market Revenues & Volume, By Additive, 2021-2031F |
7 Latvia Sodium Hydroxide Market Import-Export Trade Statistics |
7.1 Latvia Sodium Hydroxide Market Export to Major Countries |
7.2 Latvia Sodium Hydroxide Market Imports from Major Countries |
8 Latvia Sodium Hydroxide Market Key Performance Indicators |
8.1 Energy efficiency of sodium hydroxide production |
8.2 Adoption rate of sodium hydroxide in emerging industries |
8.3 Investment in research and development for sodium hydroxide applications |
8.4 Regulatory compliance related to the use of sodium hydroxide |
9 Latvia Sodium Hydroxide Market - Opportunity Assessment |
9.1 Latvia Sodium Hydroxide Market Opportunity Assessment, By End User, 2021 & 2031F |
9.2 Latvia Sodium Hydroxide Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.3 Latvia Sodium Hydroxide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Sodium Hydroxide Market - Competitive Landscape |
10.1 Latvia Sodium Hydroxide Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sodium Hydroxide 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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