| Product Code: ETC4727007 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely on gypsum imports, with major suppliers being Germany, Estonia, Poland, Czechia, and the UK. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a high concentration with the HHI indicator. The impressive compound annual growth rate (CAGR) of 10.58% over the period 2020-24 reflects a steady demand for gypsum in Latvia`s construction and manufacturing sectors. The country`s continued importation of gypsum underscores its crucial role in supporting various industries and infrastructure development.

The Gypsum market in Latvia is projected to grow at a stable growth rate of 0.53% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Gypsum Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Gypsum Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Gypsum Market - Industry Life Cycle |
3.4 Latvia Gypsum Market - Porter's Five Forces |
3.5 Latvia Gypsum Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Gypsum Market Revenues & Volume Share, By Setting Type, 2021 & 2031F |
3.7 Latvia Gypsum Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Gypsum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction activities in Latvia |
4.2.2 Increasing demand for sustainable and eco-friendly construction materials |
4.2.3 Government initiatives promoting infrastructure development |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative construction materials |
4.3.3 Regulatory challenges impacting production and distribution |
5 Latvia Gypsum Market Trends |
6 Latvia Gypsum Market Segmentations |
6.1 Latvia Gypsum Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Gypsum Market Revenues & Volume, By Impression Plaster, 2021-2031F |
6.1.3 Latvia Gypsum Market Revenues & Volume, By Model Plaster, 2021-2031F |
6.1.4 Latvia Gypsum Market Revenues & Volume, By Dental Stone, 2021-2031F |
6.1.5 Latvia Gypsum Market Revenues & Volume, By Dental Stone High Strength, 2021-2031F |
6.1.6 Latvia Gypsum Market Revenues & Volume, By Dental Stone High Expansion, 2021-2031F |
6.2 Latvia Gypsum Market, By Setting Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Gypsum Market Revenues & Volume, By Hygroscopic Setting Expansion, 2021-2031F |
6.2.3 Latvia Gypsum Market Revenues & Volume, By Normal Setting Expansion, 2021-2031F |
6.3 Latvia Gypsum Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Gypsum Market Revenues & Volume, By Pre-Engineered Metal Buildings, 2021-2031F |
6.3.3 Latvia Gypsum Market Revenues & Volume, By Residential, 2021-2031F |
6.3.4 Latvia Gypsum Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.5 Latvia Gypsum Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.6 Latvia Gypsum Market Revenues & Volume, By Institutional, 2021-2031F |
7 Latvia Gypsum Market Import-Export Trade Statistics |
7.1 Latvia Gypsum Market Export to Major Countries |
7.2 Latvia Gypsum Market Imports from Major Countries |
8 Latvia Gypsum Market Key Performance Indicators |
8.1 Average selling price of gypsum products |
8.2 Number of new construction projects in Latvia |
8.3 Adoption rate of gypsum products in construction applications |
8.4 Producer price index for gypsum and products containing gypsum |
8.5 Utilization rate of gypsum production capacity in Latvia |
9 Latvia Gypsum Market - Opportunity Assessment |
9.1 Latvia Gypsum Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Gypsum Market Opportunity Assessment, By Setting Type, 2021 & 2031F |
9.3 Latvia Gypsum Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Gypsum Market - Competitive Landscape |
10.1 Latvia Gypsum Market Revenue Share, By Companies, 2024 |
10.2 Latvia Gypsum 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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