| Product Code: ETC5718237 | 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 |
Latvia`s engineering plastics import market saw a shift in concentration levels from high to moderate in 2024, with top exporters being South Korea, Germany, Belgium, Estonia, and China. The industry experienced a strong CAGR of 11.0% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -6.81%. This indicates a potential stabilization in the market after a period of rapid expansion, offering opportunities for both local businesses and international suppliers to strategically navigate the evolving landscape.

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 Engineering Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Engineering Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Engineering Plastics Market - Industry Life Cycle |
3.4 Latvia Engineering Plastics Market - Porter's Five Forces |
3.5 Latvia Engineering Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Engineering Plastics Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Engineering Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in various industries |
4.2.2 Growing focus on sustainability and recyclability of plastics |
4.2.3 Technological advancements leading to the development of new engineering plastic products |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Stringent regulations on plastic usage and waste management policies |
5 Latvia Engineering Plastics Market Trends |
6 Latvia Engineering Plastics Market Segmentations |
6.1 Latvia Engineering Plastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Engineering Plastics Market Revenues & Volume, By Polycarbonate, 2021-2031F |
6.1.3 Latvia Engineering Plastics Market Revenues & Volume, By Polyamide, 2021-2031F |
6.1.4 Latvia Engineering Plastics Market Revenues & Volume, By ABS, 2021-2031F |
6.1.5 Latvia Engineering Plastics Market Revenues & Volume, By PET & PBT, 2021-2031F |
6.1.6 Latvia Engineering Plastics Market Revenues & Volume, By POM, 2021-2031F |
6.1.7 Latvia Engineering Plastics Market Revenues & Volume, By Fluoropolymer, 2021-2031F |
6.2 Latvia Engineering Plastics Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Engineering Plastics Market Revenues & Volume, By Automotive & Transport, 2021-2031F |
6.2.3 Latvia Engineering Plastics Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.4 Latvia Engineering Plastics Market Revenues & Volume, By Industrial & Machinery, 2021-2031F |
6.2.5 Latvia Engineering Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
7 Latvia Engineering Plastics Market Import-Export Trade Statistics |
7.1 Latvia Engineering Plastics Market Export to Major Countries |
7.2 Latvia Engineering Plastics Market Imports from Major Countries |
8 Latvia Engineering Plastics Market Key Performance Indicators |
8.1 Research and development investments in engineering plastics innovation |
8.2 Adoption rate of engineering plastics in key industries (automotive, electronics, etc.) |
8.3 Recycling rate of engineering plastics in Latvia |
8.4 Number of new product introductions in the engineering plastics market |
8.5 Environmental impact assessments and certifications for engineering plastic products |
9 Latvia Engineering Plastics Market - Opportunity Assessment |
9.1 Latvia Engineering Plastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Engineering Plastics Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Engineering Plastics Market - Competitive Landscape |
10.1 Latvia Engineering Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Engineering Plastics 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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