| Product Code: ETC7912286 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant imports of graphene, with top exporting countries being Germany, Denmark, Czechia, Switzerland, and Italy. Despite a slightly negative growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remains impressive at 26.98%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting that these top exporting countries hold a strong position in supplying graphene to Latvia. Continued monitoring of market dynamics will be crucial to understand the evolving trends in graphene imports.

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 Graphene Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Graphene Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Graphene Market - Industry Life Cycle |
3.4 Latvia Graphene Market - Porter's Five Forces |
3.5 Latvia Graphene Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Graphene Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Graphene Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Latvia Graphene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and strong materials in industries such as aerospace and automotive. |
4.2.2 Growing focus on research and development activities in the field of nanotechnology. |
4.2.3 Government initiatives and funding to promote the adoption of graphene-based products. |
4.3 Market Restraints |
4.3.1 High production costs associated with graphene manufacturing processes. |
4.3.2 Lack of standardized regulations and quality control measures in the graphene industry. |
4.3.3 Limited awareness and understanding of the benefits of graphene among end-users. |
5 Latvia Graphene Market Trends |
6 Latvia Graphene Market, By Types |
6.1 Latvia Graphene Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Graphene Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Graphene Market Revenues & Volume, By Bulk Graphene, 2021- 2031F |
6.1.4 Latvia Graphene Market Revenues & Volume, By Monolayer Graphene, 2021- 2031F |
6.2 Latvia Graphene Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Graphene Market Revenues & Volume, By Composites, 2021- 2031F |
6.2.3 Latvia Graphene Market Revenues & Volume, By Paints, Coatings, and Inks, 2021- 2031F |
6.2.4 Latvia Graphene Market Revenues & Volume, By Energy Storage & Harvesting, 2021- 2031F |
6.2.5 Latvia Graphene Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.6 Latvia Graphene Market Revenues & Volume, By Catalyst, 2021- 2031F |
6.2.7 Latvia Graphene Market Revenues & Volume, By Tires, 2021- 2031F |
6.3 Latvia Graphene Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Graphene Market Revenues & Volume, By Automotive & Transportation, 2021- 2031F |
6.3.3 Latvia Graphene Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.3.4 Latvia Graphene Market Revenues & Volume, By Electronics, 2021- 2031F |
6.3.5 Latvia Graphene Market Revenues & Volume, By Military & Defense, 2021- 2031F |
6.3.6 Latvia Graphene Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Graphene Market Import-Export Trade Statistics |
7.1 Latvia Graphene Market Export to Major Countries |
7.2 Latvia Graphene Market Imports from Major Countries |
8 Latvia Graphene Market Key Performance Indicators |
8.1 Number of patents filed related to graphene technology in Latvia. |
8.2 Investment in graphene research and development projects. |
8.3 Percentage of industries in Latvia exploring graphene-based solutions for product innovation. |
8.4 Number of collaborations between Latvian universities/research institutions and industry players for graphene technology development. |
8.5 Growth in the number of graphene-based startups and companies in Latvia. |
9 Latvia Graphene Market - Opportunity Assessment |
9.1 Latvia Graphene Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Graphene Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Graphene Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Latvia Graphene Market - Competitive Landscape |
10.1 Latvia Graphene Market Revenue Share, By Companies, 2024 |
10.2 Latvia Graphene 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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