| Product Code: ETC11822389 | 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 |
In 2024, Latvia saw continued growth in the import of casting resin, with top exporting countries being Germany, Spain, Thailand, and Norway. The market remains diversified with low concentration, indicating a healthy competitive landscape. The impressive CAGR of 5.83% from 2020-24 and a growth rate of 17.28% in 2024 highlight the increasing demand for casting resin in Latvia. This growth trend suggests potential opportunities for market expansion and partnerships within the industry.

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 Casting Resin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Casting Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Casting Resin Market - Industry Life Cycle |
3.4 Latvia Casting Resin Market - Porter's Five Forces |
3.5 Latvia Casting Resin Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Casting Resin Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Latvia Casting Resin Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Casting Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Casting Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Casting Resin Market Trends |
6 Latvia Casting Resin Market, By Types |
6.1 Latvia Casting Resin Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Casting Resin Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Casting Resin Market Revenues & Volume, By Epoxy Resin, 2021 - 2031F |
6.1.4 Latvia Casting Resin Market Revenues & Volume, By Polyurethane Resin, 2021 - 2031F |
6.1.5 Latvia Casting Resin Market Revenues & Volume, By Polyester Resin, 2021 - 2031F |
6.1.6 Latvia Casting Resin Market Revenues & Volume, By Silicone Resin, 2021 - 2031F |
6.2 Latvia Casting Resin Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Casting Resin Market Revenues & Volume, By Vacuum Casting, 2021 - 2031F |
6.2.3 Latvia Casting Resin Market Revenues & Volume, By Pressure Casting, 2021 - 2031F |
6.2.4 Latvia Casting Resin Market Revenues & Volume, By Resin Transfer Molding, 2021 - 2031F |
6.2.5 Latvia Casting Resin Market Revenues & Volume, By Liquid Injection Molding, 2021 - 2031F |
6.3 Latvia Casting Resin Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Casting Resin Market Revenues & Volume, By Manufacturing Sector, 2021 - 2031F |
6.3.3 Latvia Casting Resin Market Revenues & Volume, By Medical Industry, 2021 - 2031F |
6.3.4 Latvia Casting Resin Market Revenues & Volume, By Consumer Goods, 2021 - 2031F |
6.3.5 Latvia Casting Resin Market Revenues & Volume, By Healthcare Providers, 2021 - 2031F |
6.4 Latvia Casting Resin Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Casting Resin Market Revenues & Volume, By Aerospace and Automotive Casting, 2021 - 2031F |
6.4.3 Latvia Casting Resin Market Revenues & Volume, By Medical Device Molding, 2021 - 2031F |
6.4.4 Latvia Casting Resin Market Revenues & Volume, By Electronic Appliance Enclosures, 2021 - 2031F |
6.4.5 Latvia Casting Resin Market Revenues & Volume, By Prosthetics and Orthotics, 2021 - 2031F |
7 Latvia Casting Resin Market Import-Export Trade Statistics |
7.1 Latvia Casting Resin Market Export to Major Countries |
7.2 Latvia Casting Resin Market Imports from Major Countries |
8 Latvia Casting Resin Market Key Performance Indicators |
9 Latvia Casting Resin Market - Opportunity Assessment |
9.1 Latvia Casting Resin Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Casting Resin Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Latvia Casting Resin Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Casting Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Casting Resin Market - Competitive Landscape |
10.1 Latvia Casting Resin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Casting Resin 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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