| Product Code: ETC5700149 | 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 saw a consistent growth in plastic fastener imports, with top exporters being Germany, Poland, China, Lithuania, and Italy. Despite this, market concentration, as indicated by the HHI, remained low. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 7.82%, indicating a positive trend in the market. However, there was a slight decline in the growth rate from 2023 to 2024 at -11.37%, suggesting a temporary slowdown that could be monitored closely in the coming years.

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 Plastic Fasteners Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plastic Fasteners Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plastic Fasteners Market - Industry Life Cycle |
3.4 Latvia Plastic Fasteners Market - Porter's Five Forces |
3.5 Latvia Plastic Fasteners Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Plastic Fasteners Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Plastic Fasteners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable fastening solutions in various industries |
4.2.2 Growing focus on sustainability and use of recyclable materials in manufacturing processes |
4.2.3 Technological advancements leading to the development of innovative plastic fasteners |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting production costs |
4.3.2 Competition from alternative fastening solutions such as metal fasteners |
4.3.3 Impact of regulations and standards on the use of plastic materials in fasteners |
5 Latvia Plastic Fasteners Market Trends |
6 Latvia Plastic Fasteners Market Segmentations |
6.1 Latvia Plastic Fasteners Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plastic Fasteners Market Revenues & Volume, By Rivets & Push-In Clips, 2021-2031F |
6.1.3 Latvia Plastic Fasteners Market Revenues & Volume, By Cable Clips & Ties, 2021-2031F |
6.1.4 Latvia Plastic Fasteners Market Revenues & Volume, By Threaded Fasteners, 2021-2031F |
6.1.5 Latvia Plastic Fasteners Market Revenues & Volume, By Washers & Spacers, 2021-2031F |
6.2 Latvia Plastic Fasteners Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plastic Fasteners Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Plastic Fasteners Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.4 Latvia Plastic Fasteners Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.5 Latvia Plastic Fasteners Market Revenues & Volume, By Supermarkets, 2021-2031F |
7 Latvia Plastic Fasteners Market Import-Export Trade Statistics |
7.1 Latvia Plastic Fasteners Market Export to Major Countries |
7.2 Latvia Plastic Fasteners Market Imports from Major Countries |
8 Latvia Plastic Fasteners Market Key Performance Indicators |
8.1 Percentage increase in adoption of recyclable materials in plastic fasteners |
8.2 Number of new patents filed for innovative plastic fastener designs |
8.3 Growth in the number of industries adopting plastic fasteners for their products |
9 Latvia Plastic Fasteners Market - Opportunity Assessment |
9.1 Latvia Plastic Fasteners Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Plastic Fasteners Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Plastic Fasteners Market - Competitive Landscape |
10.1 Latvia Plastic Fasteners Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plastic Fasteners 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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