Commodity market report
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18 Pages

Latvia downstream oil long-term outlook 2016

Latvia downstream oil long-term outlook 2016

Report summary

The Latvian economy emerged from the recession and returned to positive GDP growth of 5.3% in 2011. This gave a boost to commercial activity and to transport fuel demand, although the impact on retail fuel volumes was somewhat muted. With no domestic refining capacity, oil demand is satisfied entirely by imports, sourced mostly from Finland and neighbouring Lithuania. The Latvian retail market was historically dominated by Neste, Satoil Fuel and Retail (Circle K) and LUKOIL, although the latter sold its fuels marketing businesses in all the Baltic markets, including Latvia, in 2015/2016.

What's included?

This report includes 1 file(s)

  • Latvia downstream oil long-term outlook 2016 PDF - 483.36 KB 18 Pages, 9 Tables, 11 Figures


The long-term outlook for the fuels marketing sector is influenced by many factors: oil product demand, the market structure, key companies and downstream infrastructure developments to name a few.

This long-term outlook report provides a country update of demand trends and an assessment of the key players and assets serving the market.

The report is based on in-depth research about oil product demand, individual market participants and assets and helps downstream operators, traders and financial institutions determine product trading strategies, optimise their assets and identify attractive investment opportunities.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information. Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Executive summary
    • Market drivers
    • Outlook
  • Demand
    • Demand forecast (kt)
  • Policy and regulation
    • Regulatory issues
    • Product quality
  • Trade
    • Overall position - net importer
  • Key companies
    • Structure of the oil products market
  • Market structure
    • Fuels retailing
      • Volumes
      • Overall network development
      • International oil companies
      • Independents
      • Network efficiency
      • Performance pacesetters in the retail market
    • Commercial fuels
  • Margins
    • Key issues influencing gross fuel margins
    • Marketing gross fuel margins
  • Infrastructure
    • Storage and distribution infrastructure

In this report there are 20 tables or charts, including:

  • Executive summary
  • Demand
    • Key demand indicators
    • Overall demand
    • Demand by product
    • Demand by sector
    • Demand: Table 2
  • Policy and regulation
  • Trade
    • Trade balance 2009 - 2015
    • Key trading countries/regions 2015
  • Key companies
    • Estimated all products market shares - 2015
  • Market structure
    • Retail fuel volumes
    • Retail outlets by brand
    • Market shares
    • Number of sites and average throughputs
    • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Margins
    • Gross fuel margins parameters
    • Main products: monthly unit gross margins
    • Main products: annual average unit gross margins
  • Infrastructure
    • Infrastructure: Image 1
    • Infrastructure: Table 1
    • Independent storage facilities in Latvia
    • Pipeline capacity and ownership
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