| Product Code: ETC5304759 | 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 plastic straps import market in 2024 is primarily sourced from neighboring countries like Lithuania and Poland, as well as from Turkey, Spain, and the Netherlands. Despite a slight decline in the compound annual growth rate (CAGR) from 2020-2024, there was a positive growth rate of 4.9% from 2023-2024. The market shows moderate concentration as indicated by the Herfindahl-Hirschman Index (HHI), suggesting a competitive landscape with opportunities for sustained growth and market diversification 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 Straps Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plastic Straps Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plastic Straps Market - Industry Life Cycle |
3.4 Latvia Plastic Straps Market - Porter's Five Forces |
3.5 Latvia Plastic Straps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Plastic Straps Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Plastic Straps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable packaging solutions |
4.2.2 Growth in the logistics and transportation industry |
4.2.3 Technological advancements in plastic strap manufacturing processes |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Stringent regulations on plastic usage and disposal |
5 Latvia Plastic Straps Market Trends |
6 Latvia Plastic Straps Market Segmentations |
6.1 Latvia Plastic Straps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plastic Straps Market Revenues & Volume, By Polyester Straps, 2021-2031F |
6.1.3 Latvia Plastic Straps Market Revenues & Volume, By Polypropylene Straps, 2021-2031F |
6.1.4 Latvia Plastic Straps Market Revenues & Volume, By Nylon Straps, 2021-2031F |
6.2 Latvia Plastic Straps Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plastic Straps Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Latvia Plastic Straps Market Revenues & Volume, By Cotton, 2021-2031F |
6.2.4 Latvia Plastic Straps Market Revenues & Volume, By Paper, 2021-2031F |
6.2.5 Latvia Plastic Straps Market Revenues & Volume, By Fiber, 2021-2031F |
6.2.6 Latvia Plastic Straps Market Revenues & Volume, By Bricks & Tiles, 2021-2031F |
7 Latvia Plastic Straps Market Import-Export Trade Statistics |
7.1 Latvia Plastic Straps Market Export to Major Countries |
7.2 Latvia Plastic Straps Market Imports from Major Countries |
8 Latvia Plastic Straps Market Key Performance Indicators |
8.1 Average selling price of plastic straps |
8.2 Adoption rate of eco-friendly plastic strap alternatives |
8.3 Investment in research and development for innovative plastic strap solutions |
9 Latvia Plastic Straps Market - Opportunity Assessment |
9.1 Latvia Plastic Straps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Plastic Straps Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Plastic Straps Market - Competitive Landscape |
10.1 Latvia Plastic Straps Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plastic Straps 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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