| Product Code: ETC5322448 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s import shipments of structural core materials in 2024 were primarily sourced from Metropolitan France, Lithuania, Poland, Belgium, and Estonia. The market exhibited a low level of concentration, with a decreasing Herfindahl-Hirschman Index (HHI) indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was 0.92%, with a growth rate of 1.08% from 2023 to 2024. This suggests a stable and gradually expanding market for structural core materials in Latvia, with diverse sourcing options contributing to healthy competition and potential for further growth.

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 Structural Core Materials Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Structural Core Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Structural Core Materials Market - Industry Life Cycle |
3.4 Latvia Structural Core Materials Market - Porter's Five Forces |
3.5 Latvia Structural Core Materials Market Revenues & Volume Share, By Skin Type, 2021 & 2031F |
3.6 Latvia Structural Core Materials Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Structural Core Materials Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Structural Core Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight materials in industries such as aerospace and automotive |
4.2.2 Increasing focus on energy-efficient construction practices |
4.2.3 Rise in investment in infrastructure development projects |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Lack of skilled labor in manufacturing and installation processes |
4.3.3 Stringent regulations related to environmental sustainability |
5 Latvia Structural Core Materials Market Trends |
6 Latvia Structural Core Materials Market Segmentations |
6.1 Latvia Structural Core Materials Market, By Skin Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Structural Core Materials Market Revenues & Volume, By GFRP, 2021-2031F |
6.1.3 Latvia Structural Core Materials Market Revenues & Volume, By CFRP, 2021-2031F |
6.1.4 Latvia Structural Core Materials Market Revenues & Volume, By NFRP, 2021-2031F |
6.1.5 Latvia Structural Core Materials Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Structural Core Materials Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Structural Core Materials Market Revenues & Volume, By Foam, 2021-2031F |
6.2.3 Latvia Structural Core Materials Market Revenues & Volume, By Honeycomb, 2021-2031F |
6.2.4 Latvia Structural Core Materials Market Revenues & Volume, By Balsa, 2021-2031F |
6.3 Latvia Structural Core Materials Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Structural Core Materials Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.3.3 Latvia Structural Core Materials Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 Latvia Structural Core Materials Market Revenues & Volume, By Medical Packaging, 2021-2031F |
6.3.5 Latvia Structural Core Materials Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Structural Core Materials Market Import-Export Trade Statistics |
7.1 Latvia Structural Core Materials Market Export to Major Countries |
7.2 Latvia Structural Core Materials Market Imports from Major Countries |
8 Latvia Structural Core Materials Market Key Performance Indicators |
8.1 Percentage increase in adoption of advanced composite materials |
8.2 Energy efficiency ratings of buildings using structural core materials |
8.3 Number of new infrastructure projects utilizing structural core materials |
9 Latvia Structural Core Materials Market - Opportunity Assessment |
9.1 Latvia Structural Core Materials Market Opportunity Assessment, By Skin Type, 2021 & 2031F |
9.2 Latvia Structural Core Materials Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Structural Core Materials Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Structural Core Materials Market - Competitive Landscape |
10.1 Latvia Structural Core Materials Market Revenue Share, By Companies, 2024 |
10.2 Latvia Structural Core Materials 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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