Commodity Market Report
Latvia downstream oil long-term outlook
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We expect oil demand in Latvia to gradually decline, driven by fuel efficiency gains. With no domestic refining capacity, oil demand is satisfied entirely by imports, sourced mostly from Finland and Lithuania. Although there is good access to independent storage and distribution infrastructure, the Latvian retail fuel market is dominated by three companies: Neste Oil, Circle K and Viada - which acquired LUKOIL's network in 2016.
Table of contents
- Market drivers
- Outlook
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Regulatory issues
- Biofuels
- Electromobility
- Retail fuel volumes
- Retail network development
- Major players: competitive position
- Major players: strategy
- Circle K
- Neste
- 8 more item(s)...
- Key issues influencing retail fuel margins
- Oil product storage infrastructure
Tables and charts
This report includes the following images and tables:
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Overall demandCar parc by fuel type
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Retail gasoline 95RON E5 price formation 2021Retail diesel price formation 2021Main products: unit gross margins per yearBiofuel blendingRetail fuel volumesNetwork development and average site throughputRetail network size and market share by player (2022)Network effectiveness ratio: ratio of share of fuel sales to share of sites
- 1 more item(s)...
What's included
This report contains:
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