Latvia Styrene Market (2025-2031) | Analysis, Growth, Outlook, Forecast, Share, Size, Trends, Industry, Segmentation, Companies, Value & Revenue

Name: Latvia Styrene Market (2025-2031) | Forecast & Value
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Styrene Market, Latvia Styrene Market, Latvia Styrene Market Revenues, Latvia Styrene Market Share, Latvia Styrene Market Size, Latvia Styrene Market Outlook, Latvia Styrene Market Report, Latvia Styrene Market Competition, Latvia Styrene Market Overview, Latvia Styrene Market Trends, Latvia Styrene Market Forecast

Market Forecast By Type (Acrylonitrile Butadiene Styrene (ABS), Expanded Polystyrene (EPS), Others), By Application (Automotive, Construction, Packaging Consumer Goods, Others), By Distribution Channel (Offline, Online) And Competitive Landscape

Product Code: ETC5322847	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Latvia Styrene Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to heavily rely on styrene imports, with Lithuania, Netherlands, Germany, Poland, and Estonia emerging as key exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. However, the industry experienced a significant decline with a compound annual growth rate (CAGR) of -35.56% from 2020 to 2024. The growth rate for 2023-24 was also negative at -32.99%, reflecting challenges faced by the styrene import market in Latvia.

Latvia Styrene Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Styrene Market Outlook
Market Size of Latvia Styrene Market, 2024
Forecast of Latvia Styrene Market, 2031
Historical Data and Forecast of Latvia Styrene Revenues & Volume for the Period 2021-2031
Latvia Styrene Market Trend Evolution
Latvia Styrene Market Drivers and Challenges
Latvia Styrene Price Trends
Latvia Styrene Porter`s Five Forces
Latvia Styrene Industry Life Cycle
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Acrylonitrile Butadiene Styrene (ABS) for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Expanded Polystyrene (EPS) for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Automotive for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Construction for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Packaging Consumer Goods for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Distribution Channel for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Offline for the Period 2021-2031
Historical Data and Forecast of Latvia Styrene Market Revenues & Volume By Online for the Period 2021-2031
Latvia Styrene Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Market Opportunity Assessment By Distribution Channel
Latvia Styrene Top Companies Market Share
Latvia Styrene Competitive Benchmarking By Technical and Operational Parameters
Latvia Styrene Company Profiles
Latvia Styrene Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Latvia Styrene Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Styrene Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Styrene Market - Industry Life Cycle

3.4 Latvia Styrene Market - Porter's Five Forces

3.5 Latvia Styrene Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Styrene Market Revenues & Volume Share, By Application, 2021 & 2031F

3.7 Latvia Styrene Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Latvia Styrene Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for styrene-based products in various industries such as automotive, packaging, and construction

4.2.2 Growing investments in infrastructure development and construction projects in Latvia

4.2.3 Favorable government regulations and policies supporting the growth of the styrene market in Latvia

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials used in styrene production

4.3.2 Competition from alternative materials impacting the demand for styrene-based products

4.3.3 Environmental concerns and regulations related to styrene production and usage

5 Latvia Styrene Market Trends

6 Latvia Styrene Market Segmentations

6.1 Latvia Styrene Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Styrene Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F

6.1.3 Latvia Styrene Market Revenues & Volume, By Expanded Polystyrene (EPS), 2021-2031F

6.1.4 Latvia Styrene Market Revenues & Volume, By Others, 2021-2031F

6.2 Latvia Styrene Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Styrene Market Revenues & Volume, By Automotive, 2021-2031F

6.2.3 Latvia Styrene Market Revenues & Volume, By Construction, 2021-2031F

6.2.4 Latvia Styrene Market Revenues & Volume, By Packaging Consumer Goods, 2021-2031F

6.2.5 Latvia Styrene Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Styrene Market, By Distribution Channel

6.3.1 Overview and Analysis

6.3.2 Latvia Styrene Market Revenues & Volume, By Offline, 2021-2031F

6.3.3 Latvia Styrene Market Revenues & Volume, By Online, 2021-2031F

7 Latvia Styrene Market Import-Export Trade Statistics

7.1 Latvia Styrene Market Export to Major Countries

7.2 Latvia Styrene Market Imports from Major Countries

8 Latvia Styrene Market Key Performance Indicators

8.1 Capacity utilization rate of styrene production facilities in Latvia

8.2 Average selling price of styrene-based products in the Latvian market

8.3 Rate of adoption of styrene-based products in key end-user industries in Latvia

9 Latvia Styrene Market - Opportunity Assessment

9.1 Latvia Styrene Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Styrene Market Opportunity Assessment, By Application, 2021 & 2031F

9.3 Latvia Styrene Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Latvia Styrene Market - Competitive Landscape

10.1 Latvia Styrene Market Revenue Share, By Companies, 2024

10.2 Latvia Styrene Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Styrene Market

Asia Pacific (APAC) Styrene Market

Asia Pacific Styrene Market

Europe Styrene Market

Global Styrene Market

Middle East And Africa (MEA) Styrene Market

Monaco Styrene Market

Mongolia Styrene Market

Montenegro Styrene Market

Mozambique Styrene Market

Namibia Styrene Market

North America Styrene Market

Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

To discover high-growth global markets and optimize your business strategy:

Click Here