| Product Code: ETC7910662 | 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 expanded polyethylene EPS foam import market saw robust growth in 2024, with top exporters being Lithuania, Estonia, Poland, Germany, and Sweden. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 16.54%, with a continued growth rate of 3.91% in 2024. This data suggests a strong demand for EPS foam in Latvia, driven by imports from key neighboring countries in the region.

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 Expanded Polyethylene EPS Foam Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Expanded Polyethylene EPS Foam Market - Industry Life Cycle |
3.4 Latvia Expanded Polyethylene EPS Foam Market - Porter's Five Forces |
3.5 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume Share, By Foam Application, 2021 & 2031F |
4 Latvia Expanded Polyethylene EPS Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight packaging solutions in various industries |
4.2.2 Growing construction activities leading to higher demand for thermal insulation materials like expanded polyethylene EPS foam |
4.2.3 Rising focus on sustainable and recyclable materials driving the adoption of EPS foam |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Stringent regulations related to environmental concerns and recycling of EPS foam |
4.3.3 Competition from alternative insulation materials like mineral wool and fiberglass |
5 Latvia Expanded Polyethylene EPS Foam Market Trends |
6 Latvia Expanded Polyethylene EPS Foam Market, By Types |
6.1 Latvia Expanded Polyethylene EPS Foam Market, By Foam Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Foam Application, 2021- 2031F |
6.1.3 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Electronics Packaging, 2021- 2031F |
6.1.4 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Mattresses, 2021- 2031F |
6.1.5 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Insulation, 2021- 2031F |
6.1.6 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Construction, 2021- 2031F |
6.1.7 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.8 Latvia Expanded Polyethylene EPS Foam Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Expanded Polyethylene EPS Foam Market Import-Export Trade Statistics |
7.1 Latvia Expanded Polyethylene EPS Foam Market Export to Major Countries |
7.2 Latvia Expanded Polyethylene EPS Foam Market Imports from Major Countries |
8 Latvia Expanded Polyethylene EPS Foam Market Key Performance Indicators |
8.1 Recycling rate of EPS foam in Latvia |
8.2 Number of construction permits issued, indicating potential demand for thermal insulation materials |
8.3 Growth in the packaging industry, especially sectors favoring EPS foam as a packaging solution. |
9 Latvia Expanded Polyethylene EPS Foam Market - Opportunity Assessment |
9.1 Latvia Expanded Polyethylene EPS Foam Market Opportunity Assessment, By Foam Application, 2021 & 2031F |
10 Latvia Expanded Polyethylene EPS Foam Market - Competitive Landscape |
10.1 Latvia Expanded Polyethylene EPS Foam Market Revenue Share, By Companies, 2024 |
10.2 Latvia Expanded Polyethylene EPS Foam 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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