| Product Code: ETC5747231 | 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 continued to import expanded polystyrene (EPS) primarily from Czechia, Poland, Germany, Netherlands, and Estonia in 2024, indicating a consistent demand for the product. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 14.12%. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, emphasizing the dominance of these key exporting countries in supplying EPS to Latvia. Overall, the EPS import market in Latvia demonstrates stability and sustained growth potential.

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 Polystyrene (EPS) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Expanded Polystyrene (EPS) Market - Industry Life Cycle |
3.4 Latvia Expanded Polystyrene (EPS) Market - Porter's Five Forces |
3.5 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume Share, By Market Product Type, 2021 & 2031F |
3.7 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Expanded Polystyrene (EPS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Latvia, leading to increased demand for expanded polystyrene (EPS) as insulation material. |
4.2.2 Rising awareness about the benefits of EPS in terms of energy efficiency and sustainability. |
4.2.3 Government regulations promoting the use of EPS in construction projects to meet energy efficiency standards. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of EPS. |
4.3.2 Competition from alternative insulation materials such as mineral wool or polyurethane foam. |
4.3.3 Fluctuations in construction activities and economic conditions affecting the demand for EPS. |
5 Latvia Expanded Polystyrene (EPS) Market Trends |
6 Latvia Expanded Polystyrene (EPS) Market Segmentations |
6.1 Latvia Expanded Polystyrene (EPS) Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By EPS, 2021-2031F |
6.2 Latvia Expanded Polystyrene (EPS) Market, By Market Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By White, 2021-2031F |
6.2.3 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By Grey, 2021-2031F |
6.2.4 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By Black, 2021-2031F |
6.3 Latvia Expanded Polystyrene (EPS) Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.4 Latvia Expanded Polystyrene (EPS) Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Expanded Polystyrene (EPS) Market Import-Export Trade Statistics |
7.1 Latvia Expanded Polystyrene (EPS) Market Export to Major Countries |
7.2 Latvia Expanded Polystyrene (EPS) Market Imports from Major Countries |
8 Latvia Expanded Polystyrene (EPS) Market Key Performance Indicators |
8.1 Energy efficiency rating of buildings using EPS insulation. |
8.2 Adoption rate of EPS in new construction projects. |
8.3 Number of government initiatives or policies supporting the use of EPS in construction. |
8.4 Average price of EPS compared to alternative insulation materials. |
8.5 Number of new EPS manufacturing facilities or capacity expansions in Latvia. |
9 Latvia Expanded Polystyrene (EPS) Market - Opportunity Assessment |
9.1 Latvia Expanded Polystyrene (EPS) Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Expanded Polystyrene (EPS) Market Opportunity Assessment, By Market Product Type, 2021 & 2031F |
9.3 Latvia Expanded Polystyrene (EPS) Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Expanded Polystyrene (EPS) Market - Competitive Landscape |
10.1 Latvia Expanded Polystyrene (EPS) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Expanded 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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