| Product Code: ETC5672751 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to rely heavily on imports of purified terephthalic acid (PTA), with Germany and Austria being the top exporting countries. The market remained highly concentrated with a very high Herfindahl-Hirschman Index (HHI) in 2024. Despite a strong compound annual growth rate (CAGR) of 24.06% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -57.27%. This indicates a potential shift or temporary setback in the PTA import market dynamics in Latvia.
| 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 Purified Terephthalic Acid (PTA) Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Purified Terephthalic Acid (PTA) Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Purified Terephthalic Acid (PTA) Market - Industry Life Cycle | 
| 3.4 Latvia Purified Terephthalic Acid (PTA) Market - Porter's Five Forces | 
| 3.5 Latvia Purified Terephthalic Acid (PTA) Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Purified Terephthalic Acid (PTA) Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Growing demand for PET bottles and polyester fibers which are major applications of purified terephthalic acid (PTA). | 
| 4.2.2 Increasing investments in the textile and packaging industries in Latvia. | 
| 4.2.3 Government initiatives promoting sustainable packaging solutions. | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating prices of raw materials like paraxylene which impacts the production cost of PTA. | 
| 4.3.2 Environmental concerns related to the production process of PTA. | 
| 4.3.3 Competition from substitute materials in the packaging industry. | 
| 5 Latvia Purified Terephthalic Acid (PTA) Market Trends | 
| 6 Latvia Purified Terephthalic Acid (PTA) Market Segmentations | 
| 6.1 Latvia Purified Terephthalic Acid (PTA) Market, By Application | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Purified Terephthalic Acid (PTA) Market Revenues & Volume, By Polyester, 2021-2031F | 
| 6.1.3 Latvia Purified Terephthalic Acid (PTA) Market Revenues & Volume, By Polybutylene Terephthalate (PBT), 2021-2031F | 
| 6.1.4 Latvia Purified Terephthalic Acid (PTA) Market Revenues & Volume, By Plasticizers, 2021-2031F | 
| 6.1.5 Latvia Purified Terephthalic Acid (PTA) Market Revenues & Volume, By Others, 2021-2031F | 
| 7 Latvia Purified Terephthalic Acid (PTA) Market Import-Export Trade Statistics | 
| 7.1 Latvia Purified Terephthalic Acid (PTA) Market Export to Major Countries | 
| 7.2 Latvia Purified Terephthalic Acid (PTA) Market Imports from Major Countries | 
| 8 Latvia Purified Terephthalic Acid (PTA) Market Key Performance Indicators | 
| 8.1 Average selling price of PTA in the Latvian market. | 
| 8.2 Capacity utilization rates of PTA production facilities in Latvia. | 
| 8.3 Number of new product developments or innovations in the PTA market in Latvia. | 
| 8.4 Recycling rate of PET bottles in Latvia. | 
| 8.5 Adoption rate of sustainable packaging solutions in the Latvian market. | 
| 9 Latvia Purified Terephthalic Acid (PTA) Market - Opportunity Assessment | 
| 9.1 Latvia Purified Terephthalic Acid (PTA) Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Purified Terephthalic Acid (PTA) Market - Competitive Landscape | 
| 10.1 Latvia Purified Terephthalic Acid (PTA) Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Purified Terephthalic Acid (PTA) Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |