| Product Code: ETC12712309 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s imports of aggregates in 2024 were dominated by Lithuania, Norway (excluding Svalbard and Jan Mayen), Estonia, Finland, and Denmark. The market showed a significant increase in concentration levels from 2023 to 2024, indicating a high level of dominance by these top exporting countries. With a Compound Annual Growth Rate (CAGR) of 10.37% from 2020 to 2024 and a notable growth rate of 19.05% from 2023 to 2024, Latvia`s demand for aggregates remains robust, pointing towards a promising market outlook for the industry in the coming years.

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 Aggregates Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aggregates Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aggregates Market - Industry Life Cycle |
3.4 Latvia Aggregates Market - Porter's Five Forces |
3.5 Latvia Aggregates Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Aggregates Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Aggregates Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Aggregates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in infrastructure projects |
4.2.2 Growing demand for construction materials in Latvia |
4.2.3 Expansion of the real estate sector in the country |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Regulatory challenges in obtaining permits for quarrying activities |
4.3.3 Competition from alternative construction materials |
5 Latvia Aggregates Market Trends |
6 Latvia Aggregates Market, By Types |
6.1 Latvia Aggregates Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aggregates Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Aggregates Market Revenues & Volume, By Crushed Stone, 2021 - 2031F |
6.1.4 Latvia Aggregates Market Revenues & Volume, By Sand, 2021 - 2031F |
6.1.5 Latvia Aggregates Market Revenues & Volume, By Gravel, 2021 - 2031F |
6.1.6 Latvia Aggregates Market Revenues & Volume, By Recycled Aggregates, 2021 - 2031F |
6.2 Latvia Aggregates Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aggregates Market Revenues & Volume, By Construction Materials, 2021 - 2031F |
6.2.3 Latvia Aggregates Market Revenues & Volume, By Road Construction, 2021 - 2031F |
6.2.4 Latvia Aggregates Market Revenues & Volume, By Concrete Production, 2021 - 2031F |
6.2.5 Latvia Aggregates Market Revenues & Volume, By Landscaping, 2021 - 2031F |
6.3 Latvia Aggregates Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aggregates Market Revenues & Volume, By Construction Industry, 2021 - 2031F |
6.3.3 Latvia Aggregates Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Latvia Aggregates Market Revenues & Volume, By Commercial, 2021 - 2031F |
7 Latvia Aggregates Market Import-Export Trade Statistics |
7.1 Latvia Aggregates Market Export to Major Countries |
7.2 Latvia Aggregates Market Imports from Major Countries |
8 Latvia Aggregates Market Key Performance Indicators |
8.1 Average selling price of aggregates in Latvia |
8.2 Number of construction permits issued in the country |
8.3 Construction spending in infrastructure projects |
8.4 Utilization rate of aggregate production facilities |
8.5 Demand for aggregates from key end-user industries |
9 Latvia Aggregates Market - Opportunity Assessment |
9.1 Latvia Aggregates Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Aggregates Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Aggregates Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Aggregates Market - Competitive Landscape |
10.1 Latvia Aggregates Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aggregates 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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