| Product Code: ETC5716375 | 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 |
The high temperature plastics import market in Latvia is experiencing steady growth, with top exporting countries being Germany, Spain, Thailand, Norway, and Finland. The market shows low concentration with a Herfindahl-Hirschman Index (HHI) remaining stable in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 is a positive 5.83%, indicating a healthy market expansion. Furthermore, the growth rate from 2023 to 2024 spiked impressively at 17.28%, suggesting a notable uptrend in import shipments of high temperature plastics 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 Temperature Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia High Temperature Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia High Temperature Plastics Market - Industry Life Cycle |
3.4 Latvia High Temperature Plastics Market - Porter's Five Forces |
3.5 Latvia High Temperature Plastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia High Temperature Plastics Market Revenues & Volume Share, By End Use Industries, 2021 & 2031F |
4 Latvia High Temperature Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from industries such as automotive, electronics, and aerospace for high temperature plastics in Latvia. |
4.2.2 Increasing focus on lightweight and high-performance materials in manufacturing processes. |
4.2.3 Technological advancements leading to the development of new high temperature plastic materials with enhanced properties. |
4.3 Market Restraints |
4.3.1 High cost associated with the production and processing of high temperature plastics. |
4.3.2 Limited availability of raw materials required for manufacturing high temperature plastics in Latvia. |
4.3.3 Stringent regulations and standards related to environmental sustainability impacting the production and use of high temperature plastics. |
5 Latvia High Temperature Plastics Market Trends |
6 Latvia High Temperature Plastics Market Segmentations |
6.1 Latvia High Temperature Plastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia High Temperature Plastics Market Revenues & Volume, By Polysulfones, 2021-2031F |
6.1.3 Latvia High Temperature Plastics Market Revenues & Volume, By Polyimides, 2021-2031F |
6.1.4 Latvia High Temperature Plastics Market Revenues & Volume, By Polyphenylene Sulfide, 2021-2031F |
6.1.5 Latvia High Temperature Plastics Market Revenues & Volume, By Fluoropolymers, 2021-2031F |
6.1.6 Latvia High Temperature Plastics Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia High Temperature Plastics Market, By End Use Industries |
6.2.1 Overview and Analysis |
6.2.2 Latvia High Temperature Plastics Market Revenues & Volume, By Electrical & Electronic, 2021-2031F |
6.2.3 Latvia High Temperature Plastics Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.4 Latvia High Temperature Plastics Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Latvia High Temperature Plastics Market Revenues & Volume, By Medical, 2021-2031F |
6.2.6 Latvia High Temperature Plastics Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia High Temperature Plastics Market Import-Export Trade Statistics |
7.1 Latvia High Temperature Plastics Market Export to Major Countries |
7.2 Latvia High Temperature Plastics Market Imports from Major Countries |
8 Latvia High Temperature Plastics Market Key Performance Indicators |
8.1 Research and development investment in new high temperature plastic formulations. |
8.2 Number of patents filed for innovative high temperature plastic materials. |
8.3 Adoption rate of high temperature plastics in key industries in Latvia. |
9 Latvia High Temperature Plastics Market - Opportunity Assessment |
9.1 Latvia High Temperature Plastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia High Temperature Plastics Market Opportunity Assessment, By End Use Industries, 2021 & 2031F |
10 Latvia High Temperature Plastics Market - Competitive Landscape |
10.1 Latvia High Temperature Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia High Temperature 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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