| Product Code: ETC4669418 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia continues to rely on key partners like Lithuania, Belgium, and Poland for its polystyrene import shipments in 2024. The high concentration levels, as indicated by the Herfindahl-Hirschman Index (HHI), suggest a stable market dominated by these top exporting countries. With a steady Compound Annual Growth Rate (CAGR) of 1.3% from 2020 to 2024 and a notable growth rate of 6.82% from 2023 to 2024, the polystyrene import market in Latvia shows resilience and potential for further expansion in the coming years.

By 2027, Latvia's Polystyrene market is forecasted to achieve a stable growth rate of 3.43%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Polystyrene Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polystyrene Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polystyrene Market - Industry Life Cycle |
3.4 Latvia Polystyrene Market - Porter's Five Forces |
3.5 Latvia Polystyrene Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Latvia Polystyrene Market Revenues & Volume Share, By Form Types, 2021 & 2031F |
3.7 Latvia Polystyrene Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Latvia Polystyrene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Polystyrene Market Trends |
6 Latvia Polystyrene Market Segmentations |
6.1 Latvia Polystyrene Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polystyrene Market Revenues & Volume, By General Purpose Polystyrene (GPPS), 2021-2031F |
6.1.3 Latvia Polystyrene Market Revenues & Volume, By High Impact Polystyrene (HIPS), 2021-2031F |
6.1.4 Latvia Polystyrene Market Revenues & Volume, By Expandable Polystyrene (EPS), 2021-2031F |
6.2 Latvia Polystyrene Market, By Form Types |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polystyrene Market Revenues & Volume, By Foams, 2021-2031F |
6.2.3 Latvia Polystyrene Market Revenues & Volume, By Films and Sheets, 2021-2031F |
6.2.4 Latvia Polystyrene Market Revenues & Volume, By Injection Molding, 2021-2031F |
6.2.5 Latvia Polystyrene Market Revenues & Volume, By Other Form Types, 2021-2031F |
6.3 Latvia Polystyrene Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Polystyrene Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.3 Latvia Polystyrene Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.3.4 Latvia Polystyrene Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.5 Latvia Polystyrene Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.6 Latvia Polystyrene Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Polystyrene Market Import-Export Trade Statistics |
7.1 Latvia Polystyrene Market Export to Major Countries |
7.2 Latvia Polystyrene Market Imports from Major Countries |
8 Latvia Polystyrene Market Key Performance Indicators |
9 Latvia Polystyrene Market - Opportunity Assessment |
9.1 Latvia Polystyrene Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Latvia Polystyrene Market Opportunity Assessment, By Form Types, 2021 & 2031F |
9.3 Latvia Polystyrene Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Latvia Polystyrene Market - Competitive Landscape |
10.1 Latvia Polystyrene Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polystyrene 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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