| Product Code: ETC12997237 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of polybutylene succinate to Latvia in 2024 saw significant growth, with top exporting countries being Finland, Germany, Italy, Portugal, and Belgium. The market concentration remained high, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 8.16%, with a notable growth rate of 23.41% from 2023 to 2024. This suggests a strong demand for polybutylene succinate in Latvia, driven by imports from key European suppliers.

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 Polybutylene Succinate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polybutylene Succinate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polybutylene Succinate Market - Industry Life Cycle |
3.4 Latvia Polybutylene Succinate Market - Porter's Five Forces |
3.5 Latvia Polybutylene Succinate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Polybutylene Succinate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Polybutylene Succinate Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.8 Latvia Polybutylene Succinate Market Revenues & Volume Share, By Additives, 2021 & 2031F |
4 Latvia Polybutylene Succinate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable packaging solutions |
4.2.2 Increasing awareness about the harmful effects of traditional plastics on the environment |
4.2.3 Government initiatives promoting the use of biodegradable materials in packaging |
4.3 Market Restraints |
4.3.1 High production costs compared to traditional plastics |
4.3.2 Limited availability of raw materials for polybutylene succinate production |
4.3.3 Lack of awareness and understanding among consumers about biodegradable plastics |
5 Latvia Polybutylene Succinate Market Trends |
6 Latvia Polybutylene Succinate Market, By Types |
6.1 Latvia Polybutylene Succinate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polybutylene Succinate Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Polybutylene Succinate Market Revenues & Volume, By Virgin, 2021 - 2031F |
6.1.4 Latvia Polybutylene Succinate Market Revenues & Volume, By Recycled, 2021 - 2031F |
6.1.5 Latvia Polybutylene Succinate Market Revenues & Volume, By Blended, 2021 - 2031F |
6.1.6 Latvia Polybutylene Succinate Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Polybutylene Succinate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polybutylene Succinate Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.2.3 Latvia Polybutylene Succinate Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.2.4 Latvia Polybutylene Succinate Market Revenues & Volume, By Biomedical, 2021 - 2031F |
6.2.5 Latvia Polybutylene Succinate Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.3 Latvia Polybutylene Succinate Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Polybutylene Succinate Market Revenues & Volume, By Textiles, 2021 - 2031F |
6.3.3 Latvia Polybutylene Succinate Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.4 Latvia Polybutylene Succinate Market Revenues & Volume, By Consumer Goods, 2021 - 2031F |
6.3.5 Latvia Polybutylene Succinate Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4 Latvia Polybutylene Succinate Market, By Additives |
6.4.1 Overview and Analysis |
6.4.2 Latvia Polybutylene Succinate Market Revenues & Volume, By Plasticizers, 2021 - 2031F |
6.4.3 Latvia Polybutylene Succinate Market Revenues & Volume, By Fillers, 2021 - 2031F |
6.4.4 Latvia Polybutylene Succinate Market Revenues & Volume, By Stabilizers, 2021 - 2031F |
7 Latvia Polybutylene Succinate Market Import-Export Trade Statistics |
7.1 Latvia Polybutylene Succinate Market Export to Major Countries |
7.2 Latvia Polybutylene Succinate Market Imports from Major Countries |
8 Latvia Polybutylene Succinate Market Key Performance Indicators |
8.1 Percentage increase in the adoption of polybutylene succinate in packaging applications |
8.2 Number of new product launches using polybutylene succinate as a primary material |
8.3 Research and development investment in improving the production efficiency of polybutylene succinate |
9 Latvia Polybutylene Succinate Market - Opportunity Assessment |
9.1 Latvia Polybutylene Succinate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Polybutylene Succinate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Polybutylene Succinate Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.4 Latvia Polybutylene Succinate Market Opportunity Assessment, By Additives, 2021 & 2031F |
10 Latvia Polybutylene Succinate Market - Competitive Landscape |
10.1 Latvia Polybutylene Succinate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polybutylene Succinate 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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