| Product Code: ETC11534965 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia saw a diverse range of composite pipes imports from top countries including Poland, Germany, Italy, Lithuania, and Estonia. The market displayed a low concentration level as indicated by the Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.4% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024, decreasing by 13.9%. This fluctuation suggests a changing landscape in the composite pipes market in Latvia, emphasizing the need for companies to adapt to evolving trends and dynamics in 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 Composite Pipes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Composite Pipes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Composite Pipes Market - Industry Life Cycle |
3.4 Latvia Composite Pipes Market - Porter's Five Forces |
3.5 Latvia Composite Pipes Market Revenues & Volume Share, By Pipe Type, 2021 & 2031F |
3.6 Latvia Composite Pipes Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Composite Pipes Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Latvia Composite Pipes Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.9 Latvia Composite Pipes Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Latvia Composite Pipes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for durable and corrosion-resistant piping solutions |
4.2.2 Growing focus on sustainable and eco-friendly construction materials |
4.2.3 Rising investments in infrastructure development projects in Latvia |
4.3 Market Restraints |
4.3.1 High initial costs associated with composite pipes compared to traditional materials |
4.3.2 Limited awareness and adoption of composite pipes in the market |
5 Latvia Composite Pipes Market Trends |
6 Latvia Composite Pipes Market, By Types |
6.1 Latvia Composite Pipes Market, By Pipe Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Composite Pipes Market Revenues & Volume, By Pipe Type, 2021 - 2031F |
6.1.3 Latvia Composite Pipes Market Revenues & Volume, By Fiberglass Composite Pipes, 2021 - 2031F |
6.1.4 Latvia Composite Pipes Market Revenues & Volume, By Carbon Fiber Composite Pipes, 2021 - 2031F |
6.1.5 Latvia Composite Pipes Market Revenues & Volume, By Thermoplastic Composite Pipes, 2021 - 2031F |
6.1.6 Latvia Composite Pipes Market Revenues & Volume, By Hybrid Composite Pipes, 2021 - 2031F |
6.2 Latvia Composite Pipes Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Composite Pipes Market Revenues & Volume, By Water Distribution, 2021 - 2031F |
6.2.3 Latvia Composite Pipes Market Revenues & Volume, By Chemical Processing, 2021 - 2031F |
6.2.4 Latvia Composite Pipes Market Revenues & Volume, By Oil & Gas Transport, 2021 - 2031F |
6.2.5 Latvia Composite Pipes Market Revenues & Volume, By Industrial Sewage, 2021 - 2031F |
6.3 Latvia Composite Pipes Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Latvia Composite Pipes Market Revenues & Volume, By Epoxy Resin, 2021 - 2031F |
6.3.3 Latvia Composite Pipes Market Revenues & Volume, By Carbon Fiber, 2021 - 2031F |
6.3.4 Latvia Composite Pipes Market Revenues & Volume, By Polyethylene, 2021 - 2031F |
6.3.5 Latvia Composite Pipes Market Revenues & Volume, By Kevlar, 2021 - 2031F |
6.4 Latvia Composite Pipes Market, By Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Composite Pipes Market Revenues & Volume, By Construction, 2021 - 2031F |
6.4.3 Latvia Composite Pipes Market Revenues & Volume, By Chemical Industry, 2021 - 2031F |
6.4.4 Latvia Composite Pipes Market Revenues & Volume, By Oil & Gas, 2021 - 2031F |
6.4.5 Latvia Composite Pipes Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.5 Latvia Composite Pipes Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Latvia Composite Pipes Market Revenues & Volume, By Filament Winding, 2021 - 2031F |
6.5.3 Latvia Composite Pipes Market Revenues & Volume, By Pultrusion, 2021 - 2031F |
6.5.4 Latvia Composite Pipes Market Revenues & Volume, By Co-Extrusion, 2021 - 2031F |
6.5.5 Latvia Composite Pipes Market Revenues & Volume, By Braided Weaving, 2021 - 2031F |
7 Latvia Composite Pipes Market Import-Export Trade Statistics |
7.1 Latvia Composite Pipes Market Export to Major Countries |
7.2 Latvia Composite Pipes Market Imports from Major Countries |
8 Latvia Composite Pipes Market Key Performance Indicators |
8.1 Percentage of infrastructure projects in Latvia incorporating composite pipes |
8.2 Number of government initiatives promoting the use of composite pipes |
8.3 Growth in the number of manufacturers and suppliers of composite pipes in Latvia |
9 Latvia Composite Pipes Market - Opportunity Assessment |
9.1 Latvia Composite Pipes Market Opportunity Assessment, By Pipe Type, 2021 & 2031F |
9.2 Latvia Composite Pipes Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Composite Pipes Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Latvia Composite Pipes Market Opportunity Assessment, By Industry, 2021 & 2031F |
9.5 Latvia Composite Pipes Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Latvia Composite Pipes Market - Competitive Landscape |
10.1 Latvia Composite Pipes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Composite Pipes 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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