| Product Code: ETC10917493 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia`s terbium import market in 2024 saw a significant increase in concentration, with top exporters being Metropolitan France, USA, Germany, China, and Austria. The high Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few key players. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 33.64%, with a notable growth spike of 52.45% from 2023 to 2024. This data suggests a dynamic and rapidly expanding terbium import market in Latvia, driven by key trading partners and strong growth trends.

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 Terbium Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Terbium Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Terbium Market - Industry Life Cycle |
3.4 Latvia Terbium Market - Porter's Five Forces |
3.5 Latvia Terbium Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Terbium Market Revenues & Volume Share, By Purity Level, 2021 & 2031F |
3.7 Latvia Terbium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Terbium Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.9 Latvia Terbium Market Revenues & Volume Share, By Extraction Method, 2021 & 2031F |
4 Latvia Terbium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for terbium in the electronics industry for manufacturing of devices such as smartphones, LCD screens, and LEDs. |
4.2.2 Increasing focus on sustainability and green technologies driving the demand for terbium in the production of energy-efficient lighting solutions. |
4.2.3 Technological advancements leading to new applications of terbium in sectors like healthcare and defense, creating additional demand. |
4.3 Market Restraints |
4.3.1 Fluctuations in the prices of rare earth elements impacting the overall cost of terbium production. |
4.3.2 Regulatory challenges and environmental concerns related to the mining and extraction of terbium affecting the supply chain. |
5 Latvia Terbium Market Trends |
6 Latvia Terbium Market, By Types |
6.1 Latvia Terbium Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Terbium Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Terbium Market Revenues & Volume, By Terbium Oxide, 2021 - 2031F |
6.1.4 Latvia Terbium Market Revenues & Volume, By Terbium Fluoride, 2021 - 2031F |
6.2 Latvia Terbium Market, By Purity Level |
6.2.1 Overview and Analysis |
6.2.2 Latvia Terbium Market Revenues & Volume, By High Purity, 2021 - 2031F |
6.2.3 Latvia Terbium Market Revenues & Volume, By Industrial Grade, 2021 - 2031F |
6.3 Latvia Terbium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Terbium Market Revenues & Volume, By Magnet Manufacturing, 2021 - 2031F |
6.3.3 Latvia Terbium Market Revenues & Volume, By Phosphors, 2021 - 2031F |
6.4 Latvia Terbium Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Terbium Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.4.3 Latvia Terbium Market Revenues & Volume, By Display Panels, 2021 - 2031F |
6.5 Latvia Terbium Market, By Extraction Method |
6.5.1 Overview and Analysis |
6.5.2 Latvia Terbium Market Revenues & Volume, By Rare Earth Mining, 2021 - 2031F |
6.5.3 Latvia Terbium Market Revenues & Volume, By Chemical Processing, 2021 - 2031F |
7 Latvia Terbium Market Import-Export Trade Statistics |
7.1 Latvia Terbium Market Export to Major Countries |
7.2 Latvia Terbium Market Imports from Major Countries |
8 Latvia Terbium Market Key Performance Indicators |
8.1 Research and development investment in terbium-based technologies. |
8.2 Number of patents filed for terbium-related innovations. |
8.3 Adoption rate of terbium in emerging industries such as renewable energy and healthcare. |
8.4 Efficiency of terbium extraction processes. |
9 Latvia Terbium Market - Opportunity Assessment |
9.1 Latvia Terbium Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Terbium Market Opportunity Assessment, By Purity Level, 2021 & 2031F |
9.3 Latvia Terbium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Terbium Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.5 Latvia Terbium Market Opportunity Assessment, By Extraction Method, 2021 & 2031F |
10 Latvia Terbium Market - Competitive Landscape |
10.1 Latvia Terbium Market Revenue Share, By Companies, 2024 |
10.2 Latvia Terbium 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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