| Product Code: ETC7916659 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s nitrogen gas import market in 2024 continued to be dominated by Austria, Finland, Sweden, Poland, and Estonia, reflecting a high level of market concentration. Despite a notable decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-2024 remained strong at 16.1%. This indicates a stable and growing demand for nitrogen gas in Latvia, with key suppliers maintaining their positions 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 Nitrogen Gas Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Nitrogen Gas Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Nitrogen Gas Market - Industry Life Cycle |
3.4 Latvia Nitrogen Gas Market - Porter's Five Forces |
3.5 Latvia Nitrogen Gas Market Revenues & Volume Share, By Form(Volume, Kilotons; Revenue, USD Million, 2021-2031), 2021 & 2031F |
3.6 Latvia Nitrogen Gas Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Nitrogen Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for nitrogen gas in various industries such as healthcare, food processing, and electronics. |
4.2.2 Increasing investments in infrastructure development and manufacturing industries in Latvia. |
4.2.3 Favorable government regulations supporting the use of nitrogen gas for various applications. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in nitrogen gas production. |
4.3.2 Intense competition among nitrogen gas suppliers in the market. |
4.3.3 Impact of economic factors such as inflation and currency exchange rates on the cost of nitrogen gas production. |
5 Latvia Nitrogen Gas Market Trends |
6 Latvia Nitrogen Gas Market, By Types |
6.1 Latvia Nitrogen Gas Market, By Form(Volume, Kilotons; Revenue, USD Million, 2021-2031) |
6.1.1 Overview and Analysis |
6.1.2 Latvia Nitrogen Gas Market Revenues & Volume, By Form(Volume, Kilotons; Revenue, USD Million, 2021-2031), 2021- 2031F |
6.1.3 Latvia Nitrogen Gas Market Revenues & Volume, By Compressed Gas, 2021- 2031F |
6.1.4 Latvia Nitrogen Gas Market Revenues & Volume, By Liquid Nitrogen Gas, 2021- 2031F |
6.2 Latvia Nitrogen Gas Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Nitrogen Gas Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.2.3 Latvia Nitrogen Gas Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.2.4 Latvia Nitrogen Gas Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Latvia Nitrogen Gas Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.6 Latvia Nitrogen Gas Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Nitrogen Gas Market Import-Export Trade Statistics |
7.1 Latvia Nitrogen Gas Market Export to Major Countries |
7.2 Latvia Nitrogen Gas Market Imports from Major Countries |
8 Latvia Nitrogen Gas Market Key Performance Indicators |
8.1 Energy efficiency of nitrogen gas production processes. |
8.2 Percentage of nitrogen gas purity levels maintained by suppliers. |
8.3 Adoption rate of nitrogen gas in emerging industries in Latvia. |
8.4 Number of partnerships and collaborations between nitrogen gas suppliers and end-user industries. |
8.5 Rate of technological advancements in nitrogen gas production methods. |
9 Latvia Nitrogen Gas Market - Opportunity Assessment |
9.1 Latvia Nitrogen Gas Market Opportunity Assessment, By Form(Volume, Kilotons; Revenue, USD Million, 2021-2031), 2021 & 2031F |
9.2 Latvia Nitrogen Gas Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Nitrogen Gas Market - Competitive Landscape |
10.1 Latvia Nitrogen Gas Market Revenue Share, By Companies, 2024 |
10.2 Latvia Nitrogen Gas 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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