Market Research Report
Service Station Retailing in Latvia 2017: Market and competitor data and insights into fuel, c-store and car wash offerings
|Published by||GlobalData||Product code||574531|
|Published||Content info||44 Pages
|Service Station Retailing in Latvia 2017: Market and competitor data and insights into fuel, c-store and car wash offerings|
|Published: October 13, 2017||Content info: 44 Pages||
Total fuel consumption in Latvia increased by 5.1% in 2016 compared to the previous year. However, the volume sales of petrol decreased in 2016 and wherein, Diesel consumption, increased by 6.6%. Fuel prices began to increase in Latvia and in Europe, the price of petrol in 2016 rose by 13.9%, and diesel prices grew by 16.3%. The value of fuel sales has increased for the first time since 2013, but it broke this trend in 2016 rising by 20.1%. In Latvia fuel consumption is expected to rise towards 2022 as motorists as vehicle parc rises over this period.
As of 2016, 57.6% of service stations in Latvia featured a shop. Total number of service stations with a shop increased by 5.2% in 2016. However, the total number of service stations in Latvia decreased by 1.5% in 2016. Circle K has the largest service station network, amounting to 14.4% of the national network. In 2016, three of the top five fuel retailers, divested their service station networks. The top five fuel retailers in Latvia accounted for 71.0% of the number of service station shops in the country. Circle K is the leading player in the service station shop market, with 93.8%.
18.7% of service stations in Latvia feature a car wash. The total number of service stations with a car wash in Latvia increased 3.0%; as retailers invested in these facilities to increase appeal to motorists. Circle K has the largest number of service stations with a car wash in the country, at 44 sites.
The report "Service Station Retailing in Latvia 2017", provides an executive-level overview of the Latvian service station market today, with values and volumes up to 2017. It delivers quantitative and qualitative insight into the fuel market, based on in depth interviews with major fuel operators across Europe and proprietary data from our service station retail databases. It provides: National Fuel Volumes and Values. Breakdown of the top five fuel retailers shop, car wash, company owned motorway and unmanned sites.
Companies mentioned in this report: Circle K, Neste, LUKOIL, Virsi-A, Dinaz, Viada, Trest Oil, Kursi