| Product Code: ETC10942069 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia saw a steady increase in vacuum insulation panel import shipments, with Lithuania, Poland, Ukraine, Germany, and Czechia emerging as the top exporting countries. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a high concentration level, as indicated by the Herfindahl-Hirschman Index (HHI). With a modest compound annual growth rate (CAGR) of 1.5% from 2020 to 2024, the Latvian market for vacuum insulation panels continues to show resilience and potential for further development.

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 Vacuum Insulation Panel Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vacuum Insulation Panel Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vacuum Insulation Panel Market - Industry Life Cycle |
3.4 Latvia Vacuum Insulation Panel Market - Porter's Five Forces |
3.5 Latvia Vacuum Insulation Panel Market Revenues & Volume Share, By Core Material, 2021 & 2031F |
3.6 Latvia Vacuum Insulation Panel Market Revenues & Volume Share, By Facing Material, 2021 & 2031F |
3.7 Latvia Vacuum Insulation Panel Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Vacuum Insulation Panel Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.9 Latvia Vacuum Insulation Panel Market Revenues & Volume Share, By Thermal Conductivity, 2021 & 2031F |
4 Latvia Vacuum Insulation Panel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient buildings in Latvia |
4.2.2 Government initiatives promoting the use of sustainable construction materials |
4.2.3 Growing awareness about the benefits of vacuum insulation panels (VIPs) in reducing energy consumption |
4.3 Market Restraints |
4.3.1 High initial cost of VIPs compared to traditional insulation materials |
4.3.2 Limited availability of VIP manufacturers and suppliers in the Latvian market |
4.3.3 Lack of standardized regulations and certifications specific to VIPs in Latvia |
5 Latvia Vacuum Insulation Panel Market Trends |
6 Latvia Vacuum Insulation Panel Market, By Types |
6.1 Latvia Vacuum Insulation Panel Market, By Core Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Core Material, 2021 - 2031F |
6.1.3 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Silica, 2021 - 2031F |
6.1.4 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Fiberglass, 2021 - 2031F |
6.1.5 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.2 Latvia Vacuum Insulation Panel Market, By Facing Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Aluminum Foil, 2021 - 2031F |
6.2.3 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Polymer Film, 2021 - 2031F |
6.2.4 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Metal Sheets, 2021 - 2031F |
6.3 Latvia Vacuum Insulation Panel Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Refrigeration, 2021 - 2031F |
6.3.3 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Building Insulation, 2021 - 2031F |
6.3.4 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Cold Chain Logistics, 2021 - 2031F |
6.4 Latvia Vacuum Insulation Panel Market, By Thickness |
6.4.1 Overview and Analysis |
6.4.2 Latvia Vacuum Insulation Panel Market Revenues & Volume, By 1050 mm, 2021 - 2031F |
6.4.3 Latvia Vacuum Insulation Panel Market Revenues & Volume, By 50100 mm, 2021 - 2031F |
6.4.4 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Above 100 mm, 2021 - 2031F |
6.5 Latvia Vacuum Insulation Panel Market, By Thermal Conductivity |
6.5.1 Overview and Analysis |
6.5.2 Latvia Vacuum Insulation Panel Market Revenues & Volume, By Low Thermal Conductivity, 2021 - 2031F |
6.5.3 Latvia Vacuum Insulation Panel Market Revenues & Volume, By UltraLow Thermal Conductivity, 2021 - 2031F |
6.5.4 Latvia Vacuum Insulation Panel Market Revenues & Volume, By High Durability, 2021 - 2031F |
7 Latvia Vacuum Insulation Panel Market Import-Export Trade Statistics |
7.1 Latvia Vacuum Insulation Panel Market Export to Major Countries |
7.2 Latvia Vacuum Insulation Panel Market Imports from Major Countries |
8 Latvia Vacuum Insulation Panel Market Key Performance Indicators |
8.1 Energy savings achieved by buildings using VIPs |
8.2 Number of new construction projects incorporating VIPs |
8.3 Percentage increase in VIP adoption rate in the Latvian construction industry |
9 Latvia Vacuum Insulation Panel Market - Opportunity Assessment |
9.1 Latvia Vacuum Insulation Panel Market Opportunity Assessment, By Core Material, 2021 & 2031F |
9.2 Latvia Vacuum Insulation Panel Market Opportunity Assessment, By Facing Material, 2021 & 2031F |
9.3 Latvia Vacuum Insulation Panel Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Vacuum Insulation Panel Market Opportunity Assessment, By Thickness, 2021 & 2031F |
9.5 Latvia Vacuum Insulation Panel Market Opportunity Assessment, By Thermal Conductivity, 2021 & 2031F |
10 Latvia Vacuum Insulation Panel Market - Competitive Landscape |
10.1 Latvia Vacuum Insulation Panel Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vacuum Insulation Panel 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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