| Product Code: ETC5887679 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The electric vehicle plastics import shipments in Latvia have seen significant growth, with top exporting countries including the USA, Denmark, Lithuania, Turkey, and Czechia. The market concentration, as measured by the HHI, has intensified from moderate in 2023 to very high in 2024, indicating a more consolidated market landscape. The impressive compound annual growth rate (CAGR) of 32.38% from 2020 to 2024 highlights the increasing demand for electric vehicle plastics in Latvia. Moreover, the notable growth rate of 36.71% from 2023 to 2024 underlines the accelerating pace of market expansion in this 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 Electric Vehicle Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Vehicle Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Vehicle Plastics Market - Industry Life Cycle |
3.4 Latvia Electric Vehicle Plastics Market - Porter's Five Forces |
3.5 Latvia Electric Vehicle Plastics Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Latvia Electric Vehicle Plastics Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.7 Latvia Electric Vehicle Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Electric Vehicle Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives to promote electric vehicles in Latvia |
4.2.2 Growing awareness about environmental sustainability and the need for reducing carbon emissions |
4.2.3 Technological advancements in the electric vehicle sector leading to increased demand for electric vehicle plastics |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles and associated components, including plastics |
4.3.2 Limited charging infrastructure for electric vehicles in Latvia |
4.3.3 Lack of skilled labor for manufacturing high-quality electric vehicle plastics |
5 Latvia Electric Vehicle Plastics Market Trends |
6 Latvia Electric Vehicle Plastics Market Segmentations |
6.1 Latvia Electric Vehicle Plastics Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.3 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polyurethane (PUR), 2021-2031F |
6.1.4 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.5 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polyvinyl Chloride (PVC), 2021-2031F |
6.1.6 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polyoxymethylene (POM), 2021-2031F |
6.1.7 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polystyrene (PS), 2021-2031F |
6.1.9 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polyamide (PA), 2021-2031F |
6.1.10 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Polyamide (PA), 2021-2031F |
6.2 Latvia Electric Vehicle Plastics Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Hybrid Electric Vehicles (HEVs), 2021-2031F |
6.2.3 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Plug-In Hybrid Electric Vehicles (PHEVs), 2021-2031F |
6.2.4 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Battery Electric Vehicles (BEVs), 2021-2031F |
6.3 Latvia Electric Vehicle Plastics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Interior furnishing, 2021-2031F |
6.3.3 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Exterior furnishing, 2021-2031F |
6.3.4 Latvia Electric Vehicle Plastics Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Electric Vehicle Plastics Market Import-Export Trade Statistics |
7.1 Latvia Electric Vehicle Plastics Market Export to Major Countries |
7.2 Latvia Electric Vehicle Plastics Market Imports from Major Countries |
8 Latvia Electric Vehicle Plastics Market Key Performance Indicators |
8.1 Percentage increase in the number of electric vehicles registered in Latvia |
8.2 Adoption rate of electric vehicle plastics by major automakers in Latvia |
8.3 Investment in research and development for improving the quality and efficiency of electric vehicle plastics |
9 Latvia Electric Vehicle Plastics Market - Opportunity Assessment |
9.1 Latvia Electric Vehicle Plastics Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Latvia Electric Vehicle Plastics Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.3 Latvia Electric Vehicle Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Electric Vehicle Plastics Market - Competitive Landscape |
10.1 Latvia Electric Vehicle Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Vehicle Plastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |