| Product Code: ETC7910661 | 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 expandable polystyrene (EPS) import market experienced steady growth from 2020 to 2024, with a notable CAGR of 14.12%. Despite a slight decline in growth rate from 2023 to 2024, the market remains concentrated, with top exporting countries including Czechia, Poland, Germany, Netherlands, and Estonia. The high Herfindahl-Hirschman Index (HHI) in 2024 indicates a continued dominance of key players in the EPS import market in Latvia. This data suggests a stable market with established trade relationships that contribute to the country`s EPS supply chain.

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 Expandable Polystyrene EPS Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Expandable Polystyrene EPS Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Expandable Polystyrene EPS Market - Industry Life Cycle |
3.4 Latvia Expandable Polystyrene EPS Market - Porter's Five Forces |
3.5 Latvia Expandable Polystyrene EPS Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Expandable Polystyrene EPS Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Expandable Polystyrene EPS Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and cost-effective packaging solutions in various industries |
4.2.2 Increasing construction activities and infrastructure development in Latvia |
4.2.3 Rise in demand for thermal insulation materials in the building and construction sector |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as styrene monomer |
4.3.2 Environmental concerns and regulations related to the use and disposal of expandable polystyrene |
4.3.3 Competition from alternative packaging materials like biodegradable plastics |
5 Latvia Expandable Polystyrene EPS Market Trends |
6 Latvia Expandable Polystyrene EPS Market, By Types |
6.1 Latvia Expandable Polystyrene EPS Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By White, 2021- 2031F |
6.1.4 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By Grey, 2021- 2031F |
6.1.5 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By Silver, 2021- 2031F |
6.2 Latvia Expandable Polystyrene EPS Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.2.3 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.4 Latvia Expandable Polystyrene EPS Market Revenues & Volume, By Other End Users, 2021- 2031F |
7 Latvia Expandable Polystyrene EPS Market Import-Export Trade Statistics |
7.1 Latvia Expandable Polystyrene EPS Market Export to Major Countries |
7.2 Latvia Expandable Polystyrene EPS Market Imports from Major Countries |
8 Latvia Expandable Polystyrene EPS Market Key Performance Indicators |
8.1 Recycling rate of expandable polystyrene in Latvia |
8.2 Adoption rate of expandable polystyrene in new construction projects |
8.3 Number of partnerships or collaborations with sustainable packaging initiatives |
8.4 Energy efficiency improvements in expandable polystyrene production facilities |
8.5 Number of innovation and product development projects focusing on sustainable materials |
9 Latvia Expandable Polystyrene EPS Market - Opportunity Assessment |
9.1 Latvia Expandable Polystyrene EPS Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Expandable Polystyrene EPS Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Expandable Polystyrene EPS Market - Competitive Landscape |
10.1 Latvia Expandable Polystyrene EPS Market Revenue Share, By Companies, 2024 |
10.2 Latvia Expandable Polystyrene EPS 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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