| Product Code: ETC5735660 | 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 |
In 2024, Latvia saw a diverse range of extruded plastics imports, with top exporters including Netherlands, Lithuania, Saudi Arabia, Sweden, and Germany. The Herfindahl-Hirschman Index (HHI) indicated low market concentration, allowing for healthy competition. Despite a slight decline in the compound annual growth rate (CAGR) from 2020 to 2024 at -1.47%, the growth rate in 2024 improved slightly to -0.97%. This suggests a stable market with opportunities for sustained import activity in the extruded plastics sector in Latvia.

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 Extruded Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Extruded Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Extruded Plastics Market - Industry Life Cycle |
3.4 Latvia Extruded Plastics Market - Porter's Five Forces |
3.5 Latvia Extruded Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Extruded Plastics Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Extruded Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries |
4.2.2 Growing focus on sustainable and recyclable materials |
4.2.3 Technological advancements in extrusion processes leading to enhanced product quality |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Intense competition from substitute materials like metal, wood, and composites |
4.3.3 Regulatory challenges related to environmental concerns and waste management |
5 Latvia Extruded Plastics Market Trends |
6 Latvia Extruded Plastics Market Segmentations |
6.1 Latvia Extruded Plastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Extruded Plastics Market Revenues & Volume, By LDPE, 2021-2031F |
6.1.3 Latvia Extruded Plastics Market Revenues & Volume, By HDPE, 2021-2031F |
6.1.4 Latvia Extruded Plastics Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.5 Latvia Extruded Plastics Market Revenues & Volume, By Polystyrene, 2021-2031F |
6.1.6 Latvia Extruded Plastics Market Revenues & Volume, By PVC, 2021-2031F |
6.2 Latvia Extruded Plastics Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Extruded Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Latvia Extruded Plastics Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 Latvia Extruded Plastics Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.5 Latvia Extruded Plastics Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.6 Latvia Extruded Plastics Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
7 Latvia Extruded Plastics Market Import-Export Trade Statistics |
7.1 Latvia Extruded Plastics Market Export to Major Countries |
7.2 Latvia Extruded Plastics Market Imports from Major Countries |
8 Latvia Extruded Plastics Market Key Performance Indicators |
8.1 Energy efficiency improvements in the extrusion process |
8.2 Adoption rate of eco-friendly materials in the extruded plastics market |
8.3 Number of research and development initiatives focused on product innovation |
8.4 Percentage of recycled materials used in extruded plastic production |
8.5 Customer satisfaction levels with product quality and customization options |
9 Latvia Extruded Plastics Market - Opportunity Assessment |
9.1 Latvia Extruded Plastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Extruded Plastics Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Extruded Plastics Market - Competitive Landscape |
10.1 Latvia Extruded Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Extruded 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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