| Product Code: ETC5651338 | 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 experience a significant influx of plasticizers imports, with top exporting countries including Netherlands, Czechia, Lithuania, Germany, and Estonia. The market concentration, as measured by the HHI, remained very high, indicating a concentrated market structure. The impressive compound annual growth rate (CAGR) of 40.3% from 2020 to 2024 reflects the robust expansion of the plasticizers market in Latvia. Furthermore, the notable growth rate of 43.67% from 2023 to 2024 suggests sustained momentum in import shipments, pointing towards a thriving industry landscape.

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 Plasticizers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plasticizers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plasticizers Market - Industry Life Cycle |
3.4 Latvia Plasticizers Market - Porter's Five Forces |
3.5 Latvia Plasticizers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Plasticizers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Plasticizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for PVC products in various industries such as construction, automotive, and packaging |
4.2.2 Growing awareness about the benefits of using eco-friendly and bio-based plasticizers |
4.2.3 Government initiatives promoting the use of sustainable materials in manufacturing processes |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, especially for petrochemical-based plasticizers |
4.3.2 Stringent regulations regarding the use of certain types of plasticizers due to environmental and health concerns |
4.3.3 Competition from alternative additives and materials in the market |
5 Latvia Plasticizers Market Trends |
6 Latvia Plasticizers Market Segmentations |
6.1 Latvia Plasticizers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plasticizers Market Revenues & Volume, By Phthalates, 2021-2031F |
6.1.3 Latvia Plasticizers Market Revenues & Volume, By Non-Phthalates, 2021-2031F |
6.2 Latvia Plasticizers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plasticizers Market Revenues & Volume, By Flooring & Wall Covering, 2021-2031F |
6.2.3 Latvia Plasticizers Market Revenues & Volume, By Wire & Cable, 2021-2031F |
6.2.4 Latvia Plasticizers Market Revenues & Volume, By Coated Fabric, 2021-2031F |
6.2.5 Latvia Plasticizers Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.2.6 Latvia Plasticizers Market Revenues & Volume, By Film & Sheet, 2021-2031F |
7 Latvia Plasticizers Market Import-Export Trade Statistics |
7.1 Latvia Plasticizers Market Export to Major Countries |
7.2 Latvia Plasticizers Market Imports from Major Countries |
8 Latvia Plasticizers Market Key Performance Indicators |
8.1 Percentage increase in the adoption of bio-based plasticizers in the Latvian market |
8.2 Growth rate of the PVC products manufacturing sector in Latvia |
8.3 Number of new product launches in the eco-friendly plasticizers segment in Latvia |
9 Latvia Plasticizers Market - Opportunity Assessment |
9.1 Latvia Plasticizers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Plasticizers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Plasticizers Market - Competitive Landscape |
10.1 Latvia Plasticizers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plasticizers 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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