| Product Code: ETC4856416 | 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`s potassium chloride import market saw a significant shift towards higher concentration, with top exporters being Germany, Belgium, Lithuania, Russia, and Uzbekistan. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 21.01%, indicating a strong demand for potassium chloride in Latvia. Furthermore, the growth rate from 2023 to 2024 surged by 70.29%, reflecting a rapid acceleration in import volumes. This data suggests a dynamic and evolving market landscape for potassium chloride imports in Latvia, driven by key suppliers and robust growth trends.

The Potassium Chloride market in Latvia is projected to grow at a stable growth rate of 0.54% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Potassium Chloride Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Potassium Chloride Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Potassium Chloride Market - Industry Life Cycle |
3.4 Latvia Potassium Chloride Market - Porter's Five Forces |
3.5 Latvia Potassium Chloride Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Potassium Chloride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for potassium chloride in agriculture and food processing industries due to its use as a fertilizer and food additive. |
4.2.2 Growing awareness among farmers about the benefits of using potassium chloride in crop production. |
4.2.3 Government initiatives and subsidies promoting the use of potassium chloride in agriculture to improve crop yields. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of potassium chloride in the international market affecting the affordability for buyers in Latvia. |
4.3.2 Environmental concerns related to excessive use of potassium chloride leading to soil degradation and water pollution. |
4.3.3 Competition from alternative fertilizers and soil amendments impacting the market penetration of potassium chloride. |
5 Latvia Potassium Chloride Market Trends |
6 Latvia Potassium Chloride Market Segmentations |
6.1 Latvia Potassium Chloride Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Potassium Chloride Market Revenues & Volume, By Fertilizer, 2021-2031F |
6.1.3 Latvia Potassium Chloride Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.1.4 Latvia Potassium Chloride Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.5 Latvia Potassium Chloride Market Revenues & Volume, By Food, 2021-2031F |
7 Latvia Potassium Chloride Market Import-Export Trade Statistics |
7.1 Latvia Potassium Chloride Market Export to Major Countries |
7.2 Latvia Potassium Chloride Market Imports from Major Countries |
8 Latvia Potassium Chloride Market Key Performance Indicators |
8.1 Average selling price of potassium chloride in the Latvian market. |
8.2 Adoption rate of potassium chloride-based fertilizers by farmers in Latvia. |
8.3 Market penetration of potassium chloride products compared to other fertilizers in the agriculture sector in Latvia. |
9 Latvia Potassium Chloride Market - Opportunity Assessment |
9.1 Latvia Potassium Chloride Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Potassium Chloride Market - Competitive Landscape |
10.1 Latvia Potassium Chloride Market Revenue Share, By Companies, 2024 |
10.2 Latvia Potassium Chloride 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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