| Product Code: ETC4706658 | 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 |
In 2024, Latvia continued to heavily rely on imports of turpentine oil, with top suppliers being Poland, Estonia, Lithuania, UK, and Sweden. The market exhibited a high concentration level, as indicated by the Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline in both the compound annual growth rate (CAGR) and the growth rate from 2023 to 2024. This suggests potential challenges or shifts in the market dynamics that could impact future import trends and strategies within the turpentine oil sector in Latvia.

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 Turpentine Oil Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Turpentine Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Turpentine Oil Market - Industry Life Cycle |
3.4 Latvia Turpentine Oil Market - Porter's Five Forces |
3.5 Latvia Turpentine Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Turpentine Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Turpentine Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and natural products in various industries |
4.2.2 Growing awareness about the benefits of turpentine oil in pharmaceutical and cosmetic applications |
4.2.3 Rising focus on sustainable sourcing and production practices in the chemical industry |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs |
4.3.2 Regulatory challenges related to the extraction and usage of turpentine oil |
4.3.3 Competition from synthetic substitutes in some applications |
5 Latvia Turpentine Oil Market Trends |
6 Latvia Turpentine Oil Market Segmentations |
6.1 Latvia Turpentine Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Turpentine Oil Market Revenues & Volume, By Fat turpentine, 2021-2031F |
6.1.3 Latvia Turpentine Oil Market Revenues & Volume, By Sulphates turpentine, 2021-2031F |
6.1.4 Latvia Turpentine Oil Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Turpentine Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Turpentine Oil Market Revenues & Volume, By Pharmaceutical industry, 2021-2031F |
6.2.3 Latvia Turpentine Oil Market Revenues & Volume, By Paint and coating industry, 2021-2031F |
6.2.4 Latvia Turpentine Oil Market Revenues & Volume, By Cosmetic and personal care, 2021-2031F |
6.2.5 Latvia Turpentine Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Turpentine Oil Market Import-Export Trade Statistics |
7.1 Latvia Turpentine Oil Market Export to Major Countries |
7.2 Latvia Turpentine Oil Market Imports from Major Countries |
8 Latvia Turpentine Oil Market Key Performance Indicators |
8.1 Sustainability certifications obtained by turpentine oil producers |
8.2 Number of research studies highlighting the benefits of turpentine oil |
8.3 Adoption rate of turpentine oil in new application areas |
9 Latvia Turpentine Oil Market - Opportunity Assessment |
9.1 Latvia Turpentine Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Turpentine Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Turpentine Oil Market - Competitive Landscape |
10.1 Latvia Turpentine Oil Market Revenue Share, By Companies, 2024 |
10.2 Latvia Turpentine Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |