The Detergents and Cleaning Compounds market in Latvia, measured in volume, stood at 20.837 million kilograms in 2023. From 2013 to 2023, the market showed fluctuations, with significant growth in the years like 2014 and 2021 and notable declines in 2017 and 2020. The year-on-year variation from 2022 to 2023 was a modest 0.78%, indicating stabilizing trends. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) stood at 0.64%, reflecting slight but steady growth.
Future trends to watch include potential influences from environmentally friendly and sustainable products gaining consumer interest. Additionally, economic shifts and regulatory changes in the European market could impact the industry dynamics in Latvia. Monitoring technological advancements and innovations in formulations could also offer growth opportunities within this market segment.
How does Latvia rank in Detergents and Cleaning Coumpound Market Size Volume?
| # | 19 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 2,078,100,000 | 2023 | +4.44% | +5.61% | View data |
| 2 | 2 France | 1,537,300,000 | 2023 | +0.12% | -0.28% | View data |
| 3 | 3 Italy | 1,416,700,000 | 2023 | -1.15% | +0.42% | View data |
| 4 | 4 Poland | 389,910,000 | 2023 | -3.45% | -1.57% | View data |
| 5 | 5 Romania | 347,090,000 | 2023 | +1.8% | +0.42% | View data |
| 16 | 16 Slovakia | 86,353,000 | 2023 | -0.88% | +3.49% | View data |
| 17 | 17 Lithuania | 35,879,000 | 2023 | +0.4% | -0.62% | View data |
| 18 | 18 Latvia | 20,837,000 | 2023 | +0.78% | +0.64% | |
| 19 | 19 Slovenia | 18,836,000 | 2023 | -2.64% | +0.32% | View data |
