| Product Code: ETC5361284 | 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 styrax oil import market saw steady growth in 2024, with Lithuania, UK, Ukraine, Belgium, and Poland emerging as key exporting countries. The market concentration decreased from moderate to low, indicating a more diversified import landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was 2.57%, with a notable growth rate of 3.32% in 2024. This data suggests a positive trend in the Latvian styrax oil import market, with potential opportunities for further expansion and diversification in the coming years.

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 Styrax oil Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Styrax oil Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Styrax oil Market - Industry Life Cycle |
3.4 Latvia Styrax oil Market - Porter's Five Forces |
3.5 Latvia Styrax oil Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Styrax oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of styrax oil |
4.2.2 Growing demand for natural and organic beauty and personal care products |
4.2.3 Rising interest in aromatherapy and natural remedies |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices |
4.3.2 Stringent regulations and certifications required for producing and selling styrax oil |
4.3.3 Limited availability of styrax trees and sustainable sourcing practices |
5 Latvia Styrax oil Market Trends |
6 Latvia Styrax oil Market Segmentations |
6.1 Latvia Styrax oil Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Latvia Styrax oil Market Revenues & Volume, By Furniture, 2021-2031F |
6.1.3 Latvia Styrax oil Market Revenues & Volume, By Automobile, 2021-2031F |
6.1.4 Latvia Styrax oil Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.5 Latvia Styrax oil Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Styrax oil Market Import-Export Trade Statistics |
7.1 Latvia Styrax oil Market Export to Major Countries |
7.2 Latvia Styrax oil Market Imports from Major Countries |
8 Latvia Styrax oil Market Key Performance Indicators |
8.1 Percentage increase in the number of companies offering styrax oil-based products |
8.2 Growth in online searches for styrax oil and related products |
8.3 Number of scientific studies highlighting the therapeutic properties of styrax oil |
9 Latvia Styrax oil Market - Opportunity Assessment |
9.1 Latvia Styrax oil Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Styrax oil Market - Competitive Landscape |
10.1 Latvia Styrax oil Market Revenue Share, By Companies, 2024 |
10.2 Latvia Styrax oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |