| Product Code: ETC5102998 | 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 |
In 2024, Latvia continued to heavily rely on PVC paste resin imports, with top exporters being Poland, Denmark, Germany, Netherlands, and Russia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 6.4% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -56.54%. This fluctuation may suggest shifting market dynamics or external factors impacting the demand for PVC paste resin 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 Pvc Paste Resin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pvc Paste Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pvc Paste Resin Market - Industry Life Cycle |
3.4 Latvia Pvc Paste Resin Market - Porter's Five Forces |
3.5 Latvia Pvc Paste Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pvc Paste Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Pvc Paste Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for PVC products in various industries such as construction, automotive, and packaging. |
4.2.2 Increasing focus on sustainable and eco-friendly materials, with PVC paste resin being considered a viable alternative. |
4.2.3 Technological advancements in PVC paste resin production leading to improved quality and cost-effectiveness. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall production cost of PVC paste resin. |
4.3.2 Stringent regulations regarding environmental impact and disposal of PVC products. |
4.3.3 Competition from other materials such as polyethylene and polypropylene in certain applications. |
5 Latvia Pvc Paste Resin Market Trends |
6 Latvia Pvc Paste Resin Market Segmentations |
6.1 Latvia Pvc Paste Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pvc Paste Resin Market Revenues & Volume, By Micro Suspension Method, 2021-2031F |
6.1.3 Latvia Pvc Paste Resin Market Revenues & Volume, By Emulsion Method, 2021-2031F |
6.2 Latvia Pvc Paste Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pvc Paste Resin Market Revenues & Volume, By Plastic Floor, 2021-2031F |
6.2.3 Latvia Pvc Paste Resin Market Revenues & Volume, By Artificial Leather, 2021-2031F |
6.2.4 Latvia Pvc Paste Resin Market Revenues & Volume, By Paint and Coatings, 2021-2031F |
6.2.5 Latvia Pvc Paste Resin Market Revenues & Volume, By Wallpaper, 2021-2031F |
6.2.6 Latvia Pvc Paste Resin Market Revenues & Volume, By Automotive Sealing, 2021-2031F |
7 Latvia Pvc Paste Resin Market Import-Export Trade Statistics |
7.1 Latvia Pvc Paste Resin Market Export to Major Countries |
7.2 Latvia Pvc Paste Resin Market Imports from Major Countries |
8 Latvia Pvc Paste Resin Market Key Performance Indicators |
8.1 Research and development investment in PVC paste resin technology. |
8.2 Adoption rate of PVC paste resin in new applications and industries. |
8.3 Sustainability initiatives and certifications related to PVC paste resin production. |
9 Latvia Pvc Paste Resin Market - Opportunity Assessment |
9.1 Latvia Pvc Paste Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pvc Paste Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Pvc Paste Resin Market - Competitive Landscape |
10.1 Latvia Pvc Paste Resin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pvc Paste Resin 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.
To discover high-growth global markets and optimize your business strategy:
Click Here