Latvia Urea Market (2025-2031) | Growth, Analysis, Forecast, Outlook, Trends, Size, Share, Value, Companies, Segmentation, Revenue & Industry

Name: Latvia Urea Market (2025-2031) | Revenue & Industry
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Urea Market, Latvia Urea Market, Latvia Urea Market Revenues, Latvia Urea Market Share, Latvia Urea Market Size, Latvia Urea Market Outlook, Latvia Urea Market Report, Latvia Urea Market Competition, Latvia Urea Market Overview, Latvia Urea Market Trends, Latvia Urea Market Forecast

Market Forecast By Grade (Fertilizer, Feed, Technical), By End-user Industry (Agriculture, Chemical, Automotive, Medical, Others) And Competitive Landscape

Product Code: ETC4901104	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

Latvia Urea Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia`s urea import market continued to see a high level of concentration, with top exporting countries being Lithuania, Belgium, Germany, Poland, and Finland. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 13.27%. This indicates a stable demand for urea in Latvia, with these key exporting countries playing a crucial role in meeting that demand. The market dynamics suggest a competitive landscape with potential for further growth and development in the coming years.

Latvia Urea Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Urea Market Outlook
Market Size of Latvia Urea Market, 2024
Forecast of Latvia Urea Market, 2031
Historical Data and Forecast of Latvia Urea Revenues & Volume for the Period 2021-2031
Latvia Urea Market Trend Evolution
Latvia Urea Market Drivers and Challenges
Latvia Urea Price Trends
Latvia Urea Porter`s Five Forces
Latvia Urea Industry Life Cycle
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Grade for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Fertilizer for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Feed for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Technical for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By End-user Industry for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Agriculture for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Chemical for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Automotive for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Medical for the Period 2021-2031
Historical Data and Forecast of Latvia Urea Market Revenues & Volume By Others for the Period 2021-2031
Latvia Urea Import Export Trade Statistics
Market Opportunity Assessment By Grade
Market Opportunity Assessment By End-user Industry
Latvia Urea Top Companies Market Share
Latvia Urea Competitive Benchmarking By Technical and Operational Parameters
Latvia Urea Company Profiles
Latvia Urea Key Strategic Recommendations

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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 Urea Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Urea Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Urea Market - Industry Life Cycle

3.4 Latvia Urea Market - Porter's Five Forces

3.5 Latvia Urea Market Revenues & Volume Share, By Grade, 2021 & 2031F

3.6 Latvia Urea Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F

4 Latvia Urea Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for urea in agriculture sector due to its high nitrogen content and affordability.

4.2.2 Growing adoption of urea as a key fertilizer for various crops in Latvia.

4.2.3 Government initiatives supporting agricultural activities and promoting the use of fertilizers like urea.

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials used in urea production impacting overall production costs.

4.3.2 Environmental concerns related to excessive use of urea leading to water pollution and greenhouse gas emissions.

4.3.3 Competition from alternative fertilizers and bio-based solutions affecting market share.

5 Latvia Urea Market Trends

6 Latvia Urea Market Segmentations

6.1 Latvia Urea Market, By Grade

6.1.1 Overview and Analysis

6.1.2 Latvia Urea Market Revenues & Volume, By Fertilizer, 2021-2031F

6.1.3 Latvia Urea Market Revenues & Volume, By Feed, 2021-2031F

6.1.4 Latvia Urea Market Revenues & Volume, By Technical, 2021-2031F

6.2 Latvia Urea Market, By End-user Industry

6.2.1 Overview and Analysis

6.2.2 Latvia Urea Market Revenues & Volume, By Agriculture, 2021-2031F

6.2.3 Latvia Urea Market Revenues & Volume, By Chemical, 2021-2031F

6.2.4 Latvia Urea Market Revenues & Volume, By Automotive, 2021-2031F

6.2.5 Latvia Urea Market Revenues & Volume, By Medical, 2021-2031F

6.2.6 Latvia Urea Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Urea Market Import-Export Trade Statistics

7.1 Latvia Urea Market Export to Major Countries

7.2 Latvia Urea Market Imports from Major Countries

8 Latvia Urea Market Key Performance Indicators

8.1 Average selling price of urea in the Latvia market.

8.2 Adoption rate of urea in different agricultural applications.

8.3 Efficiency of urea production processes in terms of resource utilization.

9 Latvia Urea Market - Opportunity Assessment

9.1 Latvia Urea Market Opportunity Assessment, By Grade, 2021 & 2031F

9.2 Latvia Urea Market Opportunity Assessment, By End-user Industry, 2021 & 2031F

10 Latvia Urea Market - Competitive Landscape

10.1 Latvia Urea Market Revenue Share, By Companies, 2024

10.2 Latvia Urea Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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