| Product Code: ETC5712784 | 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`s high performance composites import market saw a significant increase in concentration in 2024, with top exporting countries like Lithuania, Netherlands, and Poland dominating the market. Despite a negative CAGR from 2020 to 2024, there was a notable growth rate of 33.46% from 2023 to 2024. This suggests a shifting landscape in the industry, potentially driven by changing consumer demands or market dynamics. Stakeholders should closely monitor these trends to capitalize on emerging opportunities in the high performance composites 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 High Performance Composites Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia High Performance Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia High Performance Composites Market - Industry Life Cycle |
3.4 Latvia High Performance Composites Market - Porter's Five Forces |
3.5 Latvia High Performance Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia High Performance Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Latvia High Performance Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia High Performance Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight materials in various industries such as aerospace, automotive, and construction. |
4.2.2 Increasing investments in research and development for advanced composite materials. |
4.2.3 Favorable government regulations promoting the use of high-performance composites in various applications. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the production and implementation of high-performance composites. |
4.3.2 Limited availability of raw materials and skilled labor for manufacturing high-performance composites. |
5 Latvia High Performance Composites Market Trends |
6 Latvia High Performance Composites Market Segmentations |
6.1 Latvia High Performance Composites Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia High Performance Composites Market Revenues & Volume, By Thermoset, 2021-2031F |
6.1.3 Latvia High Performance Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.2 Latvia High Performance Composites Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia High Performance Composites Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.2.3 Latvia High Performance Composites Market Revenues & Volume, By S-Glass, 2021-2031F |
6.2.4 Latvia High Performance Composites Market Revenues & Volume, By Aramid Fiber, 2021-2031F |
6.3 Latvia High Performance Composites Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia High Performance Composites Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.3 Latvia High Performance Composites Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Latvia High Performance Composites Market Revenues & Volume, By Pressure Vessel, 2021-2031F |
6.3.5 Latvia High Performance Composites Market Revenues & Volume, By Wind Turbine, 2021-2031F |
6.3.6 Latvia High Performance Composites Market Revenues & Volume, By Medical, 2021-2031F |
7 Latvia High Performance Composites Market Import-Export Trade Statistics |
7.1 Latvia High Performance Composites Market Export to Major Countries |
7.2 Latvia High Performance Composites Market Imports from Major Countries |
8 Latvia High Performance Composites Market Key Performance Indicators |
8.1 Percentage increase in the adoption of high-performance composites in key industries. |
8.2 Number of patents filed for new high-performance composite materials. |
8.3 Research and development expenditure in the high-performance composites sector. |
8.4 Percentage increase in the number of partnerships and collaborations for developing advanced composite materials. |
8.5 Environmental impact assessment measures implemented in the production and use of high-performance composites. |
9 Latvia High Performance Composites Market - Opportunity Assessment |
9.1 Latvia High Performance Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia High Performance Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Latvia High Performance Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia High Performance Composites Market - Competitive Landscape |
10.1 Latvia High Performance Composites Market Revenue Share, By Companies, 2024 |
10.2 Latvia High Performance Composites 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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