| Product Code: ETC7923303 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady growth in tire reinforcement materials import shipments with a CAGR of 3.1% from 2020 to 2024. The top exporting countries to Latvia included Estonia, Lithuania, China, Italy, and India. Despite the influx of shipments, the Herfindahl-Hirschman Index (HHI) indicated very low concentration in the market. The growth rate from 2023 to 2024 stood at 1.49%, reflecting a stable trajectory in the importation of tire reinforcement materials in Latvia. This data suggests a diverse and competitive market landscape for tire reinforcement materials within the region.

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 Tire Reinforcement Materials Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tire Reinforcement Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tire Reinforcement Materials Market - Industry Life Cycle |
3.4 Latvia Tire Reinforcement Materials Market - Porter's Five Forces |
3.5 Latvia Tire Reinforcement Materials Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Tire Reinforcement Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Tire Reinforcement Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and fuel-efficient vehicles driving the need for advanced tire reinforcement materials. |
4.2.2 Increasing investments in infrastructure development leading to higher demand for tires and tire reinforcement materials. |
4.2.3 Technological advancements in tire manufacturing enhancing the performance and durability of tires, thus driving the market for reinforcement materials. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the cost of production for tire reinforcement materials. |
4.3.2 Environmental concerns leading to the shift towards sustainable and eco-friendly materials, posing a challenge for traditional reinforcement materials. |
4.3.3 Intense competition among market players leading to pricing pressures and margin squeeze. |
5 Latvia Tire Reinforcement Materials Market Trends |
6 Latvia Tire Reinforcement Materials Market, By Types |
6.1 Latvia Tire Reinforcement Materials Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tire Reinforcement Materials Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Tire Reinforcement Materials Market Revenues & Volume, By Steel Cord, 2021- 2031F |
6.1.4 Latvia Tire Reinforcement Materials Market Revenues & Volume, By Polyester Cord, 2021- 2031F |
6.2 Latvia Tire Reinforcement Materials Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tire Reinforcement Materials Market Revenues & Volume, By Tire Manufacturing, 2021- 2031F |
7 Latvia Tire Reinforcement Materials Market Import-Export Trade Statistics |
7.1 Latvia Tire Reinforcement Materials Market Export to Major Countries |
7.2 Latvia Tire Reinforcement Materials Market Imports from Major Countries |
8 Latvia Tire Reinforcement Materials Market Key Performance Indicators |
8.1 Research and development expenditure in tire reinforcement material innovations. |
8.2 Adoption rate of advanced materials in tire manufacturing processes. |
8.3 Number of patents filed for tire reinforcement material technologies. |
8.4 Efficiency improvement in tire reinforcement material production processes. |
8.5 Environmental impact reduction metrics related to the use of reinforcement materials. |
9 Latvia Tire Reinforcement Materials Market - Opportunity Assessment |
9.1 Latvia Tire Reinforcement Materials Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Tire Reinforcement Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Tire Reinforcement Materials Market - Competitive Landscape |
10.1 Latvia Tire Reinforcement Materials Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tire Reinforcement Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |