| Product Code: ETC7921802 | 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 sodium borohydride import market saw a significant spike in growth in 2024, with top exporters including Italy, Germany, Canada, Austria, and India. Despite the high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a notable growth rate of 86.05% in 2024. However, the compound annual growth rate (CAGR) from 2020 to 2024 was negative at -16.81%, suggesting fluctuations in the market. This data highlights both the opportunities and challenges present in the sodium borohydride import sector in Latvia.

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 Sodium Borohydride Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sodium Borohydride Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sodium Borohydride Market - Industry Life Cycle |
3.4 Latvia Sodium Borohydride Market - Porter's Five Forces |
3.5 Latvia Sodium Borohydride Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Sodium Borohydride Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.7 Latvia Sodium Borohydride Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Sodium Borohydride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from industries such as pharmaceuticals, electronics, and agriculture. |
4.2.2 Increasing focus on sustainable and environmentally friendly solutions. |
4.2.3 Technological advancements leading to improved production processes. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs. |
4.3.2 Stringent regulations related to the handling and transportation of sodium borohydride. |
4.3.3 Competition from alternative reducing agents in certain applications. |
5 Latvia Sodium Borohydride Market Trends |
6 Latvia Sodium Borohydride Market, By Types |
6.1 Latvia Sodium Borohydride Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sodium Borohydride Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Sodium Borohydride Market Revenues & Volume, By Powders, 2021- 2031F |
6.1.4 Latvia Sodium Borohydride Market Revenues & Volume, By Pellets, 2021- 2031F |
6.1.5 Latvia Sodium Borohydride Market Revenues & Volume, By Solutions, 2021- 2031F |
6.1.6 Latvia Sodium Borohydride Market Revenues & Volume, By Granules, 2021- 2031F |
6.2 Latvia Sodium Borohydride Market, By Purity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sodium Borohydride Market Revenues & Volume, By Below 95%, 2021- 2031F |
6.2.3 Latvia Sodium Borohydride Market Revenues & Volume, By 95% to 98%, 2021- 2031F |
6.2.4 Latvia Sodium Borohydride Market Revenues & Volume, By Above 98%, 2021- 2031F |
6.3 Latvia Sodium Borohydride Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Sodium Borohydride Market Revenues & Volume, By Pulp & Paper, 2021- 2031F |
6.3.3 Latvia Sodium Borohydride Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.4 Latvia Sodium Borohydride Market Revenues & Volume, By Metal Reduction, 2021- 2031F |
6.3.5 Latvia Sodium Borohydride Market Revenues & Volume, By Fuel Cells, 2021- 2031F |
6.3.6 Latvia Sodium Borohydride Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Sodium Borohydride Market Import-Export Trade Statistics |
7.1 Latvia Sodium Borohydride Market Export to Major Countries |
7.2 Latvia Sodium Borohydride Market Imports from Major Countries |
8 Latvia Sodium Borohydride Market Key Performance Indicators |
8.1 Research and development investment in new applications and formulations. |
8.2 Environmental impact assessments and sustainability programs. |
8.3 Adoption rates of sodium borohydride in emerging industries such as energy storage and fuel cells. |
9 Latvia Sodium Borohydride Market - Opportunity Assessment |
9.1 Latvia Sodium Borohydride Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Sodium Borohydride Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.3 Latvia Sodium Borohydride Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Sodium Borohydride Market - Competitive Landscape |
10.1 Latvia Sodium Borohydride Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sodium Borohydride 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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