| Product Code: ETC7904620 | 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 |
In 2024, Latvia saw a notable shift in the aramid prepreg import market with an increase in concentration levels, as indicated by the Herfindahl-Hirschman Index (HHI). Top exporting countries such as Germany, Lithuania, and Poland played a significant role in supplying aramid prepreg to Latvia. Despite a negative growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 remained strong at 13.48%. This data suggests a dynamic market landscape for aramid prepreg imports in Latvia, with potential opportunities and challenges for industry players to navigate.

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 Aramid Prepreg Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aramid Prepreg Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aramid Prepreg Market - Industry Life Cycle |
3.4 Latvia Aramid Prepreg Market - Porter's Five Forces |
3.5 Latvia Aramid Prepreg Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Aramid Prepreg Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.7 Latvia Aramid Prepreg Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Aramid Prepreg Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength materials in industries such as aerospace, automotive, and defense. |
4.2.2 Growing focus on energy efficiency and sustainability in manufacturing processes. |
4.2.3 Technological advancements leading to the development of innovative aramid prepreg products. |
4.3 Market Restraints |
4.3.1 High production costs associated with aramid prepreg materials. |
4.3.2 Limited awareness and adoption of aramid prepreg materials in certain industries. |
4.3.3 Fluctuations in raw material prices impacting the overall production cost. |
5 Latvia Aramid Prepreg Market Trends |
6 Latvia Aramid Prepreg Market, By Types |
6.1 Latvia Aramid Prepreg Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aramid Prepreg Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Aramid Prepreg Market Revenues & Volume, By Para-Aramid, 2021- 2031F |
6.1.4 Latvia Aramid Prepreg Market Revenues & Volume, By Meta-Aramid, 2021- 2031F |
6.2 Latvia Aramid Prepreg Market, By Resin |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aramid Prepreg Market Revenues & Volume, By Thermosetting, 2021- 2031F |
6.2.3 Latvia Aramid Prepreg Market Revenues & Volume, By Thermoplastic, 2021- 2031F |
6.3 Latvia Aramid Prepreg Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aramid Prepreg Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.3 Latvia Aramid Prepreg Market Revenues & Volume, By Sporting Goods, 2021- 2031F |
6.3.4 Latvia Aramid Prepreg Market Revenues & Volume, By Aerospace and Defence, 2021- 2031F |
6.3.5 Latvia Aramid Prepreg Market Revenues & Volume, By Electronics, 2021- 2031F |
6.3.6 Latvia Aramid Prepreg Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Aramid Prepreg Market Import-Export Trade Statistics |
7.1 Latvia Aramid Prepreg Market Export to Major Countries |
7.2 Latvia Aramid Prepreg Market Imports from Major Countries |
8 Latvia Aramid Prepreg Market Key Performance Indicators |
8.1 Research and development investment in new aramid prepreg technologies. |
8.2 Number of patents filed for aramid prepreg materials and processes. |
8.3 Adoption rate of aramid prepreg materials in key industries. |
8.4 Environmental impact metrics for aramid prepreg production processes. |
8.5 Supplier and distributor partnerships to expand market reach for aramid prepreg products. |
9 Latvia Aramid Prepreg Market - Opportunity Assessment |
9.1 Latvia Aramid Prepreg Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Aramid Prepreg Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.3 Latvia Aramid Prepreg Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Aramid Prepreg Market - Competitive Landscape |
10.1 Latvia Aramid Prepreg Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aramid Prepreg 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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