| Product Code: ETC12167413 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Despite a significant decline in growth rate in 2024, Latvia`s import shipments of flexible polyurethane foam continued to showcase a moderate CAGR of 4.04% from 2020 to 2024. The top exporting countries to Latvia in 2024 included Lithuania, Sweden, Estonia, Poland, and Germany, indicating a diverse import market. However, the High Herfindahl-Hirschman Index (HHI) suggests a continued high concentration of import sources. Monitoring this trend and exploring opportunities for diversification could be crucial for stakeholders in the flexible polyurethane foam market 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 Flexible Polyurethane Foam Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Flexible Polyurethane Foam Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Flexible Polyurethane Foam Market - Industry Life Cycle |
3.4 Latvia Flexible Polyurethane Foam Market - Porter's Five Forces |
3.5 Latvia Flexible Polyurethane Foam Market Revenues & Volume Share, By Density, 2021 & 2031F |
3.6 Latvia Flexible Polyurethane Foam Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Flexible Polyurethane Foam Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Flexible Polyurethane Foam Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.9 Latvia Flexible Polyurethane Foam Market Revenues & Volume Share, By Hardness, 2021 & 2031F |
4 Latvia Flexible Polyurethane Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for comfortable and durable furniture in the residential sector |
4.2.2 Increasing adoption of flexible polyurethane foam in the automotive industry for seating and interior components |
4.2.3 Rising awareness about the benefits of flexible polyurethane foam in the bedding and mattress industry |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of flexible polyurethane foam |
4.3.2 Environmental concerns related to the disposal and recycling of polyurethane foam waste |
5 Latvia Flexible Polyurethane Foam Market Trends |
6 Latvia Flexible Polyurethane Foam Market, By Types |
6.1 Latvia Flexible Polyurethane Foam Market, By Density |
6.1.1 Overview and Analysis |
6.1.2 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Density, 2021 - 2031F |
6.1.3 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Low-Density Foam, 2021 - 2031F |
6.1.4 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Medium-Density Foam, 2021 - 2031F |
6.1.5 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By High-Density Foam, 2021 - 2031F |
6.1.6 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Very High-Density Foam, 2021 - 2031F |
6.2 Latvia Flexible Polyurethane Foam Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Furniture Upholstery, 2021 - 2031F |
6.2.3 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Automotive Interiors, 2021 - 2031F |
6.2.4 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Thermal Insulation, 2021 - 2031F |
6.2.5 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Bedding, 2021 - 2031F |
6.3 Latvia Flexible Polyurethane Foam Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Furniture Industry, 2021 - 2031F |
6.3.3 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.3.4 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Construction, 2021 - 2031F |
6.3.5 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.4 Latvia Flexible Polyurethane Foam Market, By Form |
6.4.1 Overview and Analysis |
6.4.2 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Sheets, 2021 - 2031F |
6.4.3 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Blocks, 2021 - 2031F |
6.4.4 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Rolls, 2021 - 2031F |
6.4.5 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Molds, 2021 - 2031F |
6.5 Latvia Flexible Polyurethane Foam Market, By Hardness |
6.5.1 Overview and Analysis |
6.5.2 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Soft, 2021 - 2031F |
6.5.3 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Medium, 2021 - 2031F |
6.5.4 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Firm, 2021 - 2031F |
6.5.5 Latvia Flexible Polyurethane Foam Market Revenues & Volume, By Very Firm, 2021 - 2031F |
7 Latvia Flexible Polyurethane Foam Market Import-Export Trade Statistics |
7.1 Latvia Flexible Polyurethane Foam Market Export to Major Countries |
7.2 Latvia Flexible Polyurethane Foam Market Imports from Major Countries |
8 Latvia Flexible Polyurethane Foam Market Key Performance Indicators |
8.1 Average selling price (ASP) of flexible polyurethane foam products |
8.2 Percentage of market penetration in the furniture sector |
8.3 Innovation rate in developing sustainable and eco-friendly polyurethane foam products |
9 Latvia Flexible Polyurethane Foam Market - Opportunity Assessment |
9.1 Latvia Flexible Polyurethane Foam Market Opportunity Assessment, By Density, 2021 & 2031F |
9.2 Latvia Flexible Polyurethane Foam Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Flexible Polyurethane Foam Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Flexible Polyurethane Foam Market Opportunity Assessment, By Form, 2021 & 2031F |
9.5 Latvia Flexible Polyurethane Foam Market Opportunity Assessment, By Hardness, 2021 & 2031F |
10 Latvia Flexible Polyurethane Foam Market - Competitive Landscape |
10.1 Latvia Flexible Polyurethane Foam Market Revenue Share, By Companies, 2024 |
10.2 Latvia Flexible Polyurethane 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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