| Product Code: ETC7903828 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of advanced building materials in 2024 were primarily sourced from neighboring countries such as Estonia, Lithuania, and Poland, as well as from Germany and Uzbekistan. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 8.07% from 2020 to 2024 underscores a sustained expansion in the sector. The notable growth rate of 38.18% from 2023 to 2024 further highlights the increasing demand for advanced building materials in Latvia.

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 Advanced Building Material Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Advanced Building Material Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Advanced Building Material Market - Industry Life Cycle |
3.4 Latvia Advanced Building Material Market - Porter's Five Forces |
3.5 Latvia Advanced Building Material Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Advanced Building Material Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Advanced Building Material Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Latvia Advanced Building Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable and energy-efficient building materials in Latvia |
4.2.2 Government initiatives and regulations promoting the use of advanced building materials |
4.2.3 Increasing construction activities and infrastructure development in the country |
4.3 Market Restraints |
4.3.1 High initial costs associated with advanced building materials |
4.3.2 Limited awareness and adoption of advanced building materials among builders and contractors |
4.3.3 Fluctuations in raw material prices impacting the overall cost of advanced building materials |
5 Latvia Advanced Building Material Market Trends |
6 Latvia Advanced Building Material Market, By Types |
6.1 Latvia Advanced Building Material Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Advanced Building Material Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Advanced Building Material Market Revenues & Volume, By Building Construction, 2021- 2031F |
6.1.4 Latvia Advanced Building Material Market Revenues & Volume, By Infrastructure, 2021- 2031F |
6.2 Latvia Advanced Building Material Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Advanced Building Material Market Revenues & Volume, By Green Materials, 2021- 2031F |
6.2.3 Latvia Advanced Building Material Market Revenues & Volume, By Technically Advanced, 2021- 2031F |
6.3 Latvia Advanced Building Material Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Latvia Advanced Building Material Market Revenues & Volume, By Advanced Cement and Concrete, 2021- 2031F |
6.3.3 Latvia Advanced Building Material Market Revenues & Volume, By Cross-laminated Timber, 2021- 2031F |
6.3.4 Latvia Advanced Building Material Market Revenues & Volume, By Structural Insulated Panel, 2021- 2031F |
6.3.5 Latvia Advanced Building Material Market Revenues & Volume, By Sealents, 2021- 2031F |
6.3.6 Latvia Advanced Building Material Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Advanced Building Material Market Import-Export Trade Statistics |
7.1 Latvia Advanced Building Material Market Export to Major Countries |
7.2 Latvia Advanced Building Material Market Imports from Major Countries |
8 Latvia Advanced Building Material Market Key Performance Indicators |
8.1 Energy efficiency ratings of buildings constructed using advanced materials |
8.2 Percentage of construction projects incorporating advanced building materials |
8.3 Adoption rate of environmentally friendly building materials in the market |
9 Latvia Advanced Building Material Market - Opportunity Assessment |
9.1 Latvia Advanced Building Material Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Advanced Building Material Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Advanced Building Material Market Opportunity Assessment, By Material, 2021 & 2031F |
10 Latvia Advanced Building Material Market - Competitive Landscape |
10.1 Latvia Advanced Building Material Market Revenue Share, By Companies, 2024 |
10.2 Latvia Advanced Building Material Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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.
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