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Service Station Retailing in Latvia 2017: Market and competitor data and insights into fuel, c-store and car wash offerings

Service Station Retailing in Latvia 2017: Market and competitor data and insights into fuel, c-store and car wash offerings

Summary

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

Scope

  • Total fuel consumption in Latvia increased by 5.1% in 2016 compared to the previous year.
  • Circle K has the largest service station network, at 80 sites, amounting to 14.4% of the national network.
  • The top five fuel retailers in Latvia accounted for 71.0% of the number of service station shops in the country.
  • The total number of service stations with a car wash in Latvia increased 3.0% to 104 sites as retailers invested in these facilities to increase appeal to motorists.
Reasons to buy
  • Identify who are the top five players in Latvia and how many fuel outlets, motorway & unmanned sites, shops & car wash they have.
  • Plan effect market strategies by uncovering market share and average fuel throughput per site of the top five players in the market.
  • 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.


  • Service station competitor overview
  • Service station market overview
  • The top five fuel retailers account for 56.6% of the Latvian market
  • The top five fuel retailers have increased their market shares over the last five years taking share from small independent retailers
  • Latijas Nafta, Virsi-A and Viada operate over 50.0% of motorway service stations in Latvia
  • Competitor ranking in 2015 compared to 2016
  • Market Size – Circle K
  • Market Size – Neste
  • Market Size – Dinaz
  • Market Size – Viada
  • Market Size – Latvijas Nafta
  • Service station shop network
    • Table Service station shop network
  • The number of service station shops increased in 2016 as major retailers invested in additional non fuel services
  • Circle K and Viada accounted for 45.0% of shop sites in Latvia
  • Service station shops– Circle K
  • Service station shops– Dinaz
  • Service station shops– Viada
  • Service station shops– Latvijas Nafta
  • Service station car wash network
    • Table Service station car wash network
  • Circle K operates 42% of all service station car wash installations in Latvia
  • Service station car wash– Circle K
  • Service station car wash – Neste
  • Service station car wash – Dinaz
  • Service station car wash – Viada
  • Service station car wash – Latijas Nafta
  • The number of car washes in Latvia have risen annually over the last five years
  • Service station market overview
  • The number of services stations in Latvia declined in 2016 as small to medium retailers divested low volume sites
  • The Latvian car parc rose in 2016 and will continue to grow towards 2022
  • Total fuel volumes in Latvia have risen annually over the last five years as disposable income levels rose over this period
  • Fuel volumes will increase between 2017 and 2022 as vehicle parc in Latvia grows over this period
  • Diesel accounted for 72.7% of fuel value in Latvia in 2016
  • Average fuel prices began to rise in 2016 for the first time since 2013
  • The number of motorway sites declined in 2016 as retailers streamlined their networks
  • Unmanned service stations account for 16.7% of sites in Latvia
  • Appendix
  • Methodology

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