Latvia Service Station Market Size, (Forecourt Sales by Fuel, Car Wash, Convenience and Foodservice), Fuel Retailer Profiles and Forecast, 2021-2026
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In terms of volume, the Latvia service station market size was valued at 1.33 billion liters in 2021. Fuel volumes in Latvia increased during 2015-21 as the number of vehicles in the country increased.
In 2021, Circle K was the largest fuel retailer in Latvia. The company achieved this by not only offering its fuel at competitive prices, but also equipping its service stations with forecourt facilities such as car washes, stores, and foodservice options. Except for Dinaz and Trest Oil, all other retailers in the Latvian market recorded growth in their market shares between 2015 and 2021.
The Latvia service station market research report provides commercial (B2B) forecourt sales which include fuel sales, car wash sales, convenience sales and foodservice sales for 2017-2021 and forecasts to 2026.
Latvia Service Station Market Outlook
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Latvia Service Station Market Segmentation by Fuel Types
The key types of fuel in the Latvia service station market are diesel, unleaded 95, unleaded 98, and LPG. Diesel had the highest proportion of fuel sales in 2021 due to the increased level of transportation in the country.
Latvia Service Station Market Analysis, by Fuel Types
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Latvia Service Station Market- Competitive Landscape by Fuel Retailers
The leading fuel retailers in the Latvia service station market are Latvija Statoil (Circle K), Neste, Viada, Virši-A, Latvijas Nafta (East-West Transit), Dinaz, and Trest Oil. Latvija Statoil (Circle K) was the leading fuel retailer in the Latvia service station market in 2021.
Latvija Statoil (Circle K): Circle K Stores (Circle K), a subsidiary of Alimentation Couche-Tard, is a convenience store chain operator based in the US. The company principally operates a chain of convenience stores under the Circle K banner. The stores retail a wide range of food and non-food products such as snacks, hot and cold beverages, gift cards, mobile top-ups, health and beauty products, and motor fuel.
Neste: Neste is a Finnish energy company that began operations in Latvia in 1990 and opened its first filling station in the country in 1991. The company launched a subsidiary, Neste Oil Latvia, in 1993 in order to expand in the country. Another subsidiary, Neste Oil Terminal, was launched in 1995. Neste Latvija was established by merging these subsidiaries of Neste Oil in 1998. Neste Oil Finance is the sole owner of Neste Latvija. The company mainly operates in the sale and storage of oil products
Viada: Viada boasted the highest number of service stations in Latvia in 2021. Viada is a fuel retail store network operating in the Baltic countries. It was established in 2017 as a result of a deal between AMIC Energy Management and Lukoil, whereby Lukoil service stations were rebranded as Viada.
Latvia Service Station Market Analysis by Fuel Retailers
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Latvia Service Station Market Report Overview
Market Size (2021) | 1.33 billion liters |
Key Fuel Types | Diesel, Unleaded 95, Unleaded 98, and LPG |
Leading Fuel Retailers | Latvija Statoil (Circle K), Neste, Viada, Virši-A, Latvijas Nafta (East-West Transit), Dinaz, and Trest Oil |
Key Highlights
- The total number of service stations in Latvia decreased in the period from 2018 to 2019. Circle K boasted the highest number of service stations in Latvia in 2019.
- Although volume sales of petrol suffered an annual fall, diesel consumption rose. In 2019, the market leader in terms of fuel volumes was Circle K, followed by Neste and Viada.
Reasons to Buy
- Identify who are the top players in Latvia and how many fuel, foodservice, shops & car wash outlets they have. Plan effective market strategies by uncovering market share and average throughput per site of the top players in the market across Fuel, Car Wash, Convenience and Foodservice categories.
- Understand how the service station network evolving and which players are opening new outlets as well as increasing forecourt shops and car washes.
- Identify what strategies the key players have across their fuel and non- fuel offerings in terms of products sold, branding, promotions, partnerships and suppliers used.
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Table of Contents
Frequently asked questions
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What was the Latvia service station market size in 2021, in terms of volume?
In terms of volume, the Latvia service station market size was valued at 1.33 billion liters in 2021.
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What are the key fuel types in the Latvia service station market?
The key fuel types in the Latvia service station market are diesel, unleaded 95, unleaded 98, and LPG.
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Which fuel retailer has the highest number of service stations in Latvia in 2021?
Viada held the highest number of service stations in Latvia in 2021.
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Which are the leading fuel retailers in the Latvia service station market?
The leading fuel retailers in the Latvia service station market are Latvija Statoil (Circle K), Neste, Viada, Virši-A, Latvijas Nafta (East-West Transit), Dinaz, and Trest Oil.
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