| Product Code: ETC7919194 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia`s polypropylene compound import market continued to showcase a high level of concentration, with the top exporting countries being Germany, South Korea, Poland, Spain, and Belgium. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 3.01%, with a notable growth rate of 2.99% from 2023 to 2024. This data indicates a sustained demand for polypropylene compounds in Latvia, with key players maintaining their strong presence in the market.

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 Polypropylene Compound Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polypropylene Compound Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polypropylene Compound Market - Industry Life Cycle |
3.4 Latvia Polypropylene Compound Market - Porter's Five Forces |
3.5 Latvia Polypropylene Compound Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Polypropylene Compound Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Polypropylene Compound Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and high-performance materials in various industries |
4.2.2 Increasing focus on sustainable and environmentally-friendly products |
4.2.3 Rising investments in research and development for new product development and innovation |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from substitute materials |
4.3.3 Regulatory challenges and compliance requirements |
5 Latvia Polypropylene Compound Market Trends |
6 Latvia Polypropylene Compound Market, By Types |
6.1 Latvia Polypropylene Compound Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polypropylene Compound Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Polypropylene Compound Market Revenues & Volume, By Mineral Filled, 2021- 2031F |
6.1.4 Latvia Polypropylene Compound Market Revenues & Volume, By Compounded TPO, 2021- 2031F |
6.1.5 Latvia Polypropylene Compound Market Revenues & Volume, By Compounded TPV, 2021- 2031F |
6.1.6 Latvia Polypropylene Compound Market Revenues & Volume, By Glass Reinforced, 2021- 2031F |
6.1.7 Latvia Polypropylene Compound Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Polypropylene Compound Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polypropylene Compound Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Polypropylene Compound Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 Latvia Polypropylene Compound Market Revenues & Volume, By Electrical and Electronics, 2021- 2031F |
6.2.5 Latvia Polypropylene Compound Market Revenues & Volume, By Textile, 2021- 2031F |
6.2.6 Latvia Polypropylene Compound Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Polypropylene Compound Market Import-Export Trade Statistics |
7.1 Latvia Polypropylene Compound Market Export to Major Countries |
7.2 Latvia Polypropylene Compound Market Imports from Major Countries |
8 Latvia Polypropylene Compound Market Key Performance Indicators |
8.1 Percentage of recycled materials used in polypropylene compounds |
8.2 Number of new product launches in the polypropylene compound market |
8.3 Investment in RD for polypropylene compound technology |
8.4 Adoption rate of polypropylene compounds in key end-use industries |
9 Latvia Polypropylene Compound Market - Opportunity Assessment |
9.1 Latvia Polypropylene Compound Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Polypropylene Compound Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Polypropylene Compound Market - Competitive Landscape |
10.1 Latvia Polypropylene Compound Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polypropylene Compound 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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