| Product Code: ETC7907861 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on coal imports, with top exporting countries including Kazakhstan, Norway, Poland, Spain, and Germany. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 was robust at 20.23%. However, there was a notable decline in growth rate from 2023 to 2024, dropping by -37.32%. This data suggests a complex landscape for coal trading in Latvia, highlighting both opportunities and challenges in the market.

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 Coal Trading Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Coal Trading Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Coal Trading Market - Industry Life Cycle |
3.4 Latvia Coal Trading Market - Porter's Five Forces |
3.5 Latvia Coal Trading Market Revenues & Volume Share, By Types of Coal, 2021 & 2031F |
3.6 Latvia Coal Trading Market Revenues & Volume Share, By Types of Traders, 2021 & 2031F |
4 Latvia Coal Trading Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for coal as a primary energy source due to its affordability and availability |
4.2.2 Growing industrial activities and infrastructure development in Latvia requiring coal for energy generation |
4.2.3 Favorable government policies supporting coal trading and energy production |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations regarding the use of coal impacting market growth |
4.3.2 Competition from alternative energy sources such as natural gas and renewables affecting coal demand |
5 Latvia Coal Trading Market Trends |
6 Latvia Coal Trading Market, By Types |
6.1 Latvia Coal Trading Market, By Types of Coal |
6.1.1 Overview and Analysis |
6.1.2 Latvia Coal Trading Market Revenues & Volume, By Types of Coal, 2021- 2031F |
6.1.3 Latvia Coal Trading Market Revenues & Volume, By steam Coal, 2021- 2031F |
6.1.4 Latvia Coal Trading Market Revenues & Volume, By Coking Coal, 2021- 2031F |
6.1.5 Latvia Coal Trading Market Revenues & Volume, By Lignite, 2021- 2031F |
6.2 Latvia Coal Trading Market, By Types of Traders |
6.2.1 Overview and Analysis |
6.2.2 Latvia Coal Trading Market Revenues & Volume, By importers, 2021- 2031F |
6.2.3 Latvia Coal Trading Market Revenues & Volume, By Exporters, 2021- 2031F |
7 Latvia Coal Trading Market Import-Export Trade Statistics |
7.1 Latvia Coal Trading Market Export to Major Countries |
7.2 Latvia Coal Trading Market Imports from Major Countries |
8 Latvia Coal Trading Market Key Performance Indicators |
8.1 Average selling price of coal in the Latvia market |
8.2 Number of new coal trading agreements signed annually |
8.3 Percentage of coal imports compared to domestic production |
9 Latvia Coal Trading Market - Opportunity Assessment |
9.1 Latvia Coal Trading Market Opportunity Assessment, By Types of Coal, 2021 & 2031F |
9.2 Latvia Coal Trading Market Opportunity Assessment, By Types of Traders, 2021 & 2031F |
10 Latvia Coal Trading Market - Competitive Landscape |
10.1 Latvia Coal Trading Market Revenue Share, By Companies, 2024 |
10.2 Latvia Coal Trading 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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