| Product Code: ETC7908202 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s composite material import market in 2024 saw a diverse range of suppliers, with Metropolitan France, Lithuania, Belgium, Estonia, and Germany leading the pack. The low Herfindahl-Hirschman Index (HHI) indicates a balanced competitive landscape. Despite a modest Compound Annual Growth Rate (CAGR) of 2.07% from 2020-2024, a slight decline in growth rate from 2023-2024 at -4.82% suggests a potential shift in market dynamics. Monitoring these trends closely will be crucial for stakeholders to capitalize on emerging opportunities in Latvia`s composite material import sector.

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 Composite Material Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Composite Material Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Composite Material Market - Industry Life Cycle |
3.4 Latvia Composite Material Market - Porter's Five Forces |
3.5 Latvia Composite Material Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.6 Latvia Composite Material Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Latvia Composite Material Market Revenues & Volume Share, By Coatings, 2021 & 2031F |
3.8 Latvia Composite Material Market Revenues & Volume Share, By Adhesives, 2021 & 2031F |
3.9 Latvia Composite Material Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Composite Material Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Composite Material Market Trends |
6 Latvia Composite Material Market, By Types |
6.1 Latvia Composite Material Market, By Resin |
6.1.1 Overview and Analysis |
6.1.2 Latvia Composite Material Market Revenues & Volume, By Resin, 2021- 2031F |
6.1.3 Latvia Composite Material Market Revenues & Volume, By Thermoset Resin, 2021- 2031F |
6.1.4 Latvia Composite Material Market Revenues & Volume, By EpoxyVinyl, 2021- 2031F |
6.1.5 Latvia Composite Material Market Revenues & Volume, By Ester Pheonolics Cyanate, 2021- 2031F |
6.1.6 Latvia Composite Material Market Revenues & Volume, By Esters Polyimides, 2021- 2031F |
6.1.7 Latvia Composite Material Market Revenues & Volume, By Other, 2021- 2031F |
6.1.8 Latvia Composite Material Market Revenues & Volume, By Bismaleimides, 2021- 2031F |
6.2 Latvia Composite Material Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Composite Material Market Revenues & Volume, By Glass Fiber, 2021- 2031F |
6.2.3 Latvia Composite Material Market Revenues & Volume, By Carbon Fiber, 2021- 2031F |
6.2.4 Latvia Composite Material Market Revenues & Volume, By Aramid Fiber, 2021- 2031F |
6.2.5 Latvia Composite Material Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Composite Material Market, By Coatings |
6.3.1 Overview and Analysis |
6.3.2 Latvia Composite Material Market Revenues & Volume, By Gel Coat, 2021- 2031F |
6.3.3 Latvia Composite Material Market Revenues & Volume, By Surface Veil, 2021- 2031F |
6.4 Latvia Composite Material Market, By Adhesives |
6.4.1 Overview and Analysis |
6.4.2 Latvia Composite Material Market Revenues & Volume, By Epoxies, 2021- 2031F |
6.4.3 Latvia Composite Material Market Revenues & Volume, By Bismaleimide, 2021- 2031F |
6.4.4 Latvia Composite Material Market Revenues & Volume, By Cyanate Ester, 2021- 2031F |
6.4.5 Latvia Composite Material Market Revenues & Volume, By Modified Acrylics, 2021- 2031F |
6.4.6 Latvia Composite Material Market Revenues & Volume, By Polyurethanes, 2021- 2031F |
6.4.7 Latvia Composite Material Market Revenues & Volume, By Silicones, 2021- 2031F |
6.5 Latvia Composite Material Market, By End-user Industry |
6.5.1 Overview and Analysis |
6.5.2 Latvia Composite Material Market Revenues & Volume, By Construction, 2021- 2031F |
6.5.3 Latvia Composite Material Market Revenues & Volume, By Transportation, 2021- 2031F |
6.5.4 Latvia Composite Material Market Revenues & Volume, By Electronics & Electrical, 2021- 2031F |
6.5.5 Latvia Composite Material Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.5.6 Latvia Composite Material Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.5.7 Latvia Composite Material Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia Composite Material Market Import-Export Trade Statistics |
7.1 Latvia Composite Material Market Export to Major Countries |
7.2 Latvia Composite Material Market Imports from Major Countries |
8 Latvia Composite Material Market Key Performance Indicators |
9 Latvia Composite Material Market - Opportunity Assessment |
9.1 Latvia Composite Material Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.2 Latvia Composite Material Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Latvia Composite Material Market Opportunity Assessment, By Coatings, 2021 & 2031F |
9.4 Latvia Composite Material Market Opportunity Assessment, By Adhesives, 2021 & 2031F |
9.5 Latvia Composite Material Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Composite Material Market - Competitive Landscape |
10.1 Latvia Composite Material Market Revenue Share, By Companies, 2024 |
10.2 Latvia Composite 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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