| Product Code: ETC7917739 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of oxidized bitumen in 2024 continued to be dominated by neighboring countries such as Lithuania, Poland, Estonia, Sweden, and Finland. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020 to 2024 was robust at 24.9%. However, there was a significant decline in the growth rate from 2023 to 2024, with a decrease of -38.76%. This fluctuation may prompt further analysis to understand the factors influencing the recent downturn in import growth.

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 Oxidized Bitumen Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Oxidized Bitumen Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Oxidized Bitumen Market - Industry Life Cycle |
3.4 Latvia Oxidized Bitumen Market - Porter's Five Forces |
3.5 Latvia Oxidized Bitumen Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Oxidized Bitumen Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Oxidized Bitumen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in Latvia |
4.2.2 Growing demand for waterproofing materials in construction industry |
4.2.3 Advantages of oxidized bitumen in road construction for durability and longevity |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Environmental concerns related to bitumen production and usage |
4.3.3 Competition from alternative materials in construction industry |
5 Latvia Oxidized Bitumen Market Trends |
6 Latvia Oxidized Bitumen Market, By Types |
6.1 Latvia Oxidized Bitumen Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Oxidized Bitumen Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Oxidized Bitumen Market Revenues & Volume, By Grade 95/25, 2021- 2031F |
6.1.4 Latvia Oxidized Bitumen Market Revenues & Volume, By Grade 85/25, 2021- 2031F |
6.1.5 Latvia Oxidized Bitumen Market Revenues & Volume, By Grade 90/40, 2021- 2031F |
6.1.6 Latvia Oxidized Bitumen Market Revenues & Volume, By Grade115/15, 2021- 2031F |
6.1.7 Latvia Oxidized Bitumen Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Latvia Oxidized Bitumen Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Oxidized Bitumen Market Revenues & Volume, By Paints, 2021- 2031F |
6.2.3 Latvia Oxidized Bitumen Market Revenues & Volume, By Cements, 2021- 2031F |
6.2.4 Latvia Oxidized Bitumen Market Revenues & Volume, By Pipe Coatings, 2021- 2031F |
6.2.5 Latvia Oxidized Bitumen Market Revenues & Volume, By Metal Primers, 2021- 2031F |
6.2.6 Latvia Oxidized Bitumen Market Revenues & Volume, By Other, 2021- 2031F |
7 Latvia Oxidized Bitumen Market Import-Export Trade Statistics |
7.1 Latvia Oxidized Bitumen Market Export to Major Countries |
7.2 Latvia Oxidized Bitumen Market Imports from Major Countries |
8 Latvia Oxidized Bitumen Market Key Performance Indicators |
8.1 Average selling price of oxidized bitumen in Latvia |
8.2 Number of infrastructure projects utilizing oxidized bitumen |
8.3 Adoption rate of oxidized bitumen in road construction compared to other materials |
8.4 Investment in research and development for enhancing oxidized bitumen properties |
8.5 Environmental impact assessment of oxidized bitumen production and usage |
9 Latvia Oxidized Bitumen Market - Opportunity Assessment |
9.1 Latvia Oxidized Bitumen Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Oxidized Bitumen Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Oxidized Bitumen Market - Competitive Landscape |
10.1 Latvia Oxidized Bitumen Market Revenue Share, By Companies, 2024 |
10.2 Latvia Oxidized Bitumen 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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