| Product Code: ETC7921540 | 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 |
In 2024, Latvia`s small-scale LNG terminals received significant import shipments from key countries including Lithuania, Poland, Germany, USA, and Sweden. Despite high concentration levels indicated by HHI, the industry experienced a notable decline with a negative CAGR of -34.66% over the period 2020-2024. The growth rate plummeted further in 2024 with a sharp decrease of -79.14%, reflecting a challenging environment for the small-scale LNG sector in Latvia. The market dynamics suggest a need for strategic interventions to revitalize and sustain the industry.

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 Small Scale LNG Terminals Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Small Scale LNG Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Small Scale LNG Terminals Market - Industry Life Cycle |
3.4 Latvia Small Scale LNG Terminals Market - Porter's Five Forces |
3.5 Latvia Small Scale LNG Terminals Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Small Scale LNG Terminals Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Small Scale LNG Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cleaner energy sources |
4.2.2 Government initiatives to reduce carbon emissions |
4.2.3 Growing focus on energy security and diversification |
4.3 Market Restraints |
4.3.1 High initial investment costs |
4.3.2 Limited infrastructure for LNG distribution |
4.3.3 Regulatory challenges and permitting delays |
5 Latvia Small Scale LNG Terminals Market Trends |
6 Latvia Small Scale LNG Terminals Market, By Types |
6.1 Latvia Small Scale LNG Terminals Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Small Scale LNG Terminals Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Small Scale LNG Terminals Market Revenues & Volume, By Liquefaction, 2021- 2031F |
6.1.4 Latvia Small Scale LNG Terminals Market Revenues & Volume, By Regasification, 2021- 2031F |
6.2 Latvia Small Scale LNG Terminals Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Small Scale LNG Terminals Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Latvia Small Scale LNG Terminals Market Revenues & Volume, By Offshore, 2021- 2031F |
7 Latvia Small Scale LNG Terminals Market Import-Export Trade Statistics |
7.1 Latvia Small Scale LNG Terminals Market Export to Major Countries |
7.2 Latvia Small Scale LNG Terminals Market Imports from Major Countries |
8 Latvia Small Scale LNG Terminals Market Key Performance Indicators |
8.1 Number of new LNG terminal projects initiated |
8.2 Percentage increase in LNG consumption in Latvia |
8.3 Number of partnerships and collaborations in the LNG industry |
8.4 Average time for project approval and construction of LNG terminals |
8.5 Percentage growth in LNG infrastructure development in Latvia |
9 Latvia Small Scale LNG Terminals Market - Opportunity Assessment |
9.1 Latvia Small Scale LNG Terminals Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Small Scale LNG Terminals Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Small Scale LNG Terminals Market - Competitive Landscape |
10.1 Latvia Small Scale LNG Terminals Market Revenue Share, By Companies, 2024 |
10.2 Latvia Small Scale LNG Terminals 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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