| Product Code: ETC5720498 | 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 |
In 2024, Latvia continued to see a steady increase in micro injection molded plastic import shipments, with key exporters being Germany, Poland, China, Lithuania, and Italy. Despite the presence of these top exporting countries, the market remained fairly competitive as indicated by the low Herfindahl-Hirschman Index (HHI) concentration. The compound annual growth rate (CAGR) from 2020 to 2024 was a strong 7.78%, showcasing a consistent upward trend. However, there was a slight decline in growth rate from 2023 to 2024 at -11.47%, which could be a point of interest for further analysis and market strategies.

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 Micro Injection Molded Plastic Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Micro Injection Molded Plastic Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Micro Injection Molded Plastic Market - Industry Life Cycle |
3.4 Latvia Micro Injection Molded Plastic Market - Porter's Five Forces |
3.5 Latvia Micro Injection Molded Plastic Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Latvia Micro Injection Molded Plastic Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Micro Injection Molded Plastic Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for miniaturized components in electronics and medical devices. |
4.2.2 Advancements in technology leading to more precise and complex micro injection molding capabilities. |
4.2.3 Increasing focus on lightweight materials for improved energy efficiency and sustainability. |
4.3 Market Restraints |
4.3.1 High initial setup costs and equipment investment for micro injection molding facilities. |
4.3.2 Limited availability of skilled workforce with expertise in micro injection molding. |
4.3.3 Fluctuations in raw material prices impacting production costs. |
5 Latvia Micro Injection Molded Plastic Market Trends |
6 Latvia Micro Injection Molded Plastic Market Segmentations |
6.1 Latvia Micro Injection Molded Plastic Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Liquid-Crystal Polymer (LCP), 2021-2031F |
6.1.3 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polyether Ether Ketone (PEEK), 2021-2031F |
6.1.4 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polycarbonate (PC), 2021-2031F |
6.1.5 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polyethylene (PE), 2021-2031F |
6.1.6 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polyoxymethylene (POM), 2021-2031F |
6.1.7 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polymethyl Methacrylate (PMMA), 2021-2031F |
6.1.9 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polybutylene Terephthalate (PBT), 2021-2031F |
6.1.10 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Polybutylene Terephthalate (PBT), 2021-2031F |
6.2 Latvia Micro Injection Molded Plastic Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Medical, 2021-2031F |
6.2.3 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Optics, 2021-2031F |
6.2.5 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.6 Latvia Micro Injection Molded Plastic Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Micro Injection Molded Plastic Market Import-Export Trade Statistics |
7.1 Latvia Micro Injection Molded Plastic Market Export to Major Countries |
7.2 Latvia Micro Injection Molded Plastic Market Imports from Major Countries |
8 Latvia Micro Injection Molded Plastic Market Key Performance Indicators |
8.1 Scrap rate percentage: Lower scrap rates indicate efficient production processes and cost savings. |
8.2 Cycle time reduction: Improvements in cycle time can lead to increased production output and cost efficiency. |
8.3 Defect rate: Monitoring and reducing defect rates can enhance product quality and customer satisfaction. |
9 Latvia Micro Injection Molded Plastic Market - Opportunity Assessment |
9.1 Latvia Micro Injection Molded Plastic Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Latvia Micro Injection Molded Plastic Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Micro Injection Molded Plastic Market - Competitive Landscape |
10.1 Latvia Micro Injection Molded Plastic Market Revenue Share, By Companies, 2024 |
10.2 Latvia Micro Injection Molded Plastic Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |