| Product Code: ETC7920412 | 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 renewable methanol import market saw significant growth in 2024, with top suppliers being Venezuela, Estonia, Lithuania, Netherlands, and Azerbaijan. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market continued to expand rapidly with a Compound Annual Growth Rate (CAGR) of 30.94% from 2020 to 2024. The growth momentum remained strong in 2024, with a growth rate of 2.08% compared to the previous year. This data highlights a growing demand for renewable methanol in Latvia and the country`s reliance on a diverse group of international suppliers for this important energy source.

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 Renewable Methanol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Renewable Methanol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Renewable Methanol Market - Industry Life Cycle |
3.4 Latvia Renewable Methanol Market - Porter's Five Forces |
3.5 Latvia Renewable Methanol Market Revenues & Volume Share, By Feedstock, 2021 & 2031F |
3.6 Latvia Renewable Methanol Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Renewable Methanol Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Renewable Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Renewable Methanol Market Trends |
6 Latvia Renewable Methanol Market, By Types |
6.1 Latvia Renewable Methanol Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 Latvia Renewable Methanol Market Revenues & Volume, By Feedstock, 2021- 2031F |
6.1.3 Latvia Renewable Methanol Market Revenues & Volume, By Agricultural Waste, 2021- 2031F |
6.1.4 Latvia Renewable Methanol Market Revenues & Volume, By Forestry Residues, 2021- 2031F |
6.1.5 Latvia Renewable Methanol Market Revenues & Volume, By Municipal Solid Waste, 2021- 2031F |
6.1.6 Latvia Renewable Methanol Market Revenues & Volume, By Co2 Emissions, 2021- 2031F |
6.1.7 Latvia Renewable Methanol Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Renewable Methanol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Renewable Methanol Market Revenues & Volume, By Formaldehyde, 2021- 2031F |
6.2.3 Latvia Renewable Methanol Market Revenues & Volume, By Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE), 2021- 2031F |
6.2.4 Latvia Renewable Methanol Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.5 Latvia Renewable Methanol Market Revenues & Volume, By Solvents, 2021- 2031F |
6.2.6 Latvia Renewable Methanol Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Renewable Methanol Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Renewable Methanol Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.3 Latvia Renewable Methanol Market Revenues & Volume, By Transportation, 2021- 2031F |
6.3.4 Latvia Renewable Methanol Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.5 Latvia Renewable Methanol Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Renewable Methanol Market Import-Export Trade Statistics |
7.1 Latvia Renewable Methanol Market Export to Major Countries |
7.2 Latvia Renewable Methanol Market Imports from Major Countries |
8 Latvia Renewable Methanol Market Key Performance Indicators |
9 Latvia Renewable Methanol Market - Opportunity Assessment |
9.1 Latvia Renewable Methanol Market Opportunity Assessment, By Feedstock, 2021 & 2031F |
9.2 Latvia Renewable Methanol Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Renewable Methanol Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Renewable Methanol Market - Competitive Landscape |
10.1 Latvia Renewable Methanol Market Revenue Share, By Companies, 2024 |
10.2 Latvia Renewable Methanol 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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