| Product Code: ETC4671147 | 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 rely on imports of acetic acids, with major suppliers including China, Turkey, Lithuania, Belgium, and Slovakia. Despite the high concentration of top exporting countries, the market experienced steady growth with a CAGR of 6.84% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -3.57%. This indicates a potential shift in market dynamics or external factors affecting the industry. Monitoring these trends will be crucial for stakeholders in the acetic acids import market 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 Acetic Acids Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Acetic Acids Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Acetic Acids Market - Industry Life Cycle |
3.4 Latvia Acetic Acids Market - Porter's Five Forces |
3.5 Latvia Acetic Acids Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Acetic Acids Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Latvia Acetic Acids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Acetic Acids Market Trends |
6 Latvia Acetic Acids Market Segmentations |
6.1 Latvia Acetic Acids Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Acetic Acids Market Revenues & Volume, By Vinyl Acetate Monomer (VAM), 2021-2031F |
6.1.3 Latvia Acetic Acids Market Revenues & Volume, By Purified Terephthalic Acid (PTA), 2021-2031F |
6.1.4 Latvia Acetic Acids Market Revenues & Volume, By Acetate Esters, 2021-2031F |
6.1.5 Latvia Acetic Acids Market Revenues & Volume, By Acetic Anhydride, 2021-2031F |
6.1.6 Latvia Acetic Acids Market Revenues & Volume, By Other Applications, 2021-2031F |
6.2 Latvia Acetic Acids Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Latvia Acetic Acids Market Revenues & Volume, By Plastics and Polymers, 2021-2031F |
6.2.3 Latvia Acetic Acids Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.2.4 Latvia Acetic Acids Market Revenues & Volume, By Inks, Paints, and Coatings, 2021-2031F |
6.2.5 Latvia Acetic Acids Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.6 Latvia Acetic Acids Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Latvia Acetic Acids Market Import-Export Trade Statistics |
7.1 Latvia Acetic Acids Market Export to Major Countries |
7.2 Latvia Acetic Acids Market Imports from Major Countries |
8 Latvia Acetic Acids Market Key Performance Indicators |
9 Latvia Acetic Acids Market - Opportunity Assessment |
9.1 Latvia Acetic Acids Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Acetic Acids Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Latvia Acetic Acids Market - Competitive Landscape |
10.1 Latvia Acetic Acids Market Revenue Share, By Companies, 2024 |
10.2 Latvia Acetic Acids 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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