| Product Code: ETC5523525 | 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 ink import market in 2024 saw a diverse range of suppliers, with top exporters including Finland, Netherlands, Germany, Lithuania, and the UK. The market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). Despite a slight overall decline in the compound annual growth rate (CAGR) from 2020 to 2024, there was a significant growth spurt from 2023 to 2024, indicating a potential rebound in the market. The influx of ink shipments from various countries suggests a competitive and dynamic landscape in Latvia`s ink import sector.

The Inks market in Latvia is projected to grow at a stable growth rate of 3.40% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Inks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Inks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Inks Market - Industry Life Cycle |
3.4 Latvia Inks Market - Porter's Five Forces |
3.5 Latvia Inks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Inks Market Revenues & Volume Share, By Formulating Technology, 2021 & 2031F |
3.7 Latvia Inks Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Inks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable inks |
4.2.2 Increase in packaging industry in Latvia |
4.2.3 Technological advancements leading to the development of innovative inks |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Intense competition from foreign ink manufacturers |
4.3.3 Regulatory challenges related to environmental standards and safety regulations |
5 Latvia Inks Market Trends |
6 Latvia Inks Market Segmentations |
6.1 Latvia Inks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Inks Market Revenues & Volume, By Non-printing, 2021-2031F |
6.1.3 Latvia Inks Market Revenues & Volume, By Printing, 2021-2031F |
6.2 Latvia Inks Market, By Formulating Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Inks Market Revenues & Volume, By Oil-based, 2021-2031F |
6.2.3 Latvia Inks Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.2.4 Latvia Inks Market Revenues & Volume, By Water-based, 2021-2031F |
6.2.5 Latvia Inks Market Revenues & Volume, By UV-cured, 2021-2031F |
6.2.6 Latvia Inks Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Inks Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Latvia Inks Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.3 Latvia Inks Market Revenues & Volume, By Publication & Commercial, 2021-2031F |
6.3.4 Latvia Inks Market Revenues & Volume, By Security, 2021-2031F |
6.3.5 Latvia Inks Market Revenues & Volume, By Ceramic Tiles, 2021-2031F |
6.3.6 Latvia Inks Market Revenues & Volume, By Tags & Labels, 2021-2031F |
6.3.7 Latvia Inks Market Revenues & Volume, By Textiles, 2021-2031F |
7 Latvia Inks Market Import-Export Trade Statistics |
7.1 Latvia Inks Market Export to Major Countries |
7.2 Latvia Inks Market Imports from Major Countries |
8 Latvia Inks Market Key Performance Indicators |
8.1 Percentage of revenue from new eco-friendly ink products |
8.2 Adoption rate of digital printing technologies in the packaging industry |
8.3 Research and development investment in new ink formulations |
8.4 Customer satisfaction levels with the quality and performance of Latvian inks |
9 Latvia Inks Market - Opportunity Assessment |
9.1 Latvia Inks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Inks Market Opportunity Assessment, By Formulating Technology, 2021 & 2031F |
9.3 Latvia Inks Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Inks Market - Competitive Landscape |
10.1 Latvia Inks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Inks 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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