| Product Code: ETC7924288 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of viscosity index improvers saw significant growth in 2024, with top exporting countries including Belgium, Austria, Czechia, Germany, and Italy. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at a steady 2.24%. The impressive growth rate of 376.83% from 2023 to 2024 underscores the increasing demand for viscosity index improvers in Latvia, showcasing a promising market trend for suppliers and stakeholders in the industry.

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 Viscosity Index Improvers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Viscosity Index Improvers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Viscosity Index Improvers Market - Industry Life Cycle |
3.4 Latvia Viscosity Index Improvers Market - Porter's Five Forces |
3.5 Latvia Viscosity Index Improvers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Viscosity Index Improvers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Viscosity Index Improvers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Viscosity Index Improvers Market Trends |
6 Latvia Viscosity Index Improvers Market, By Types |
6.1 Latvia Viscosity Index Improvers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Viscosity Index Improvers Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Viscosity Index Improvers Market Revenues & Volume, By Low, 2021- 2031F |
6.1.4 Latvia Viscosity Index Improvers Market Revenues & Volume, By Medium, 2021- 2031F |
6.1.5 Latvia Viscosity Index Improvers Market Revenues & Volume, By High, 2021- 2031F |
6.2 Latvia Viscosity Index Improvers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Viscosity Index Improvers Market Revenues & Volume, By Car, 2021- 2031F |
6.2.3 Latvia Viscosity Index Improvers Market Revenues & Volume, By Ship, 2021- 2031F |
6.2.4 Latvia Viscosity Index Improvers Market Revenues & Volume, By Machinery And Equipment, 2021- 2031F |
6.2.5 Latvia Viscosity Index Improvers Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Viscosity Index Improvers Market Import-Export Trade Statistics |
7.1 Latvia Viscosity Index Improvers Market Export to Major Countries |
7.2 Latvia Viscosity Index Improvers Market Imports from Major Countries |
8 Latvia Viscosity Index Improvers Market Key Performance Indicators |
9 Latvia Viscosity Index Improvers Market - Opportunity Assessment |
9.1 Latvia Viscosity Index Improvers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Viscosity Index Improvers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Viscosity Index Improvers Market - Competitive Landscape |
10.1 Latvia Viscosity Index Improvers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Viscosity Index Improvers 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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