| Product Code: ETC7924214 | Publication Date: Sep 2024 | Updated Date: Apr 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Germany and Austria emerged as top exporters of vinyl chloride monomer to Latvia, reflecting a strong trade relationship. Despite high concentration with a high Herfindahl-Hirschman Index (HHI), indicating market dominance, the industry saw substantial growth with a remarkable CAGR of 76.26% from 2020 to 2024. The impressive growth rate of 67.7% from 2023 to 2024 indicates a thriving market for vinyl chloride monomer import shipments in Latvia. This data suggests a promising outlook for the industry in the coming years.

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 Vinyl Chloride Monomer Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vinyl Chloride Monomer Market Revenues & Volume, 2022 & 2032F |
3.3 Latvia Vinyl Chloride Monomer Market - Industry Life Cycle |
3.4 Latvia Vinyl Chloride Monomer Market - Porter's Five Forces |
3.5 Latvia Vinyl Chloride Monomer Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Latvia Vinyl Chloride Monomer Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Latvia Vinyl Chloride Monomer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for PVC (Polyvinyl Chloride) products in various industries such as construction, automotive, and packaging. |
4.2.2 Increasing investments in infrastructure projects in Latvia and the Baltic region. |
4.2.3 Favorable government regulations promoting the use of PVC and its derivatives. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, particularly ethylene and chlorine, which are key components in the production of vinyl chloride monomer. |
4.3.2 Environmental concerns and regulations regarding the production and use of PVC products. |
4.3.3 Competition from alternative materials such as polyethylene and polypropylene. |
5 Latvia Vinyl Chloride Monomer Market Trends |
6 Latvia Vinyl Chloride Monomer Market, By Types |
6.1 Latvia Vinyl Chloride Monomer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Liquid Vinyl Chloride Monomer, 2022 - 2032F |
6.1.4 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Solid Vinyl Chloride Monomer, 2022 - 2032F |
6.2 Latvia Vinyl Chloride Monomer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Industrial, 2022 - 2032F |
6.2.3 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Agricultural, 2022 - 2032F |
6.2.4 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Construction, 2022 - 2032F |
6.2.5 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Automobile, 2022 - 2032F |
6.2.6 Latvia Vinyl Chloride Monomer Market Revenues & Volume, By Others, 2022 - 2032F |
7 Latvia Vinyl Chloride Monomer Market Import-Export Trade Statistics |
7.1 Latvia Vinyl Chloride Monomer Market Export to Major Countries |
7.2 Latvia Vinyl Chloride Monomer Market Imports from Major Countries |
8 Latvia Vinyl Chloride Monomer Market Key Performance Indicators |
8.1 Capacity utilization rate of vinyl chloride monomer production facilities in Latvia. |
8.2 Average selling price of vinyl chloride monomer in the Latvian market. |
8.3 Number of new PVC product launches in Latvia using locally produced vinyl chloride monomer. |
8.4 Compliance rate with environmental regulations and sustainability initiatives in the vinyl chloride monomer production process. |
8.5 Research and development expenditure on improving production efficiency and product quality in the vinyl chloride monomer market in Latvia. |
9 Latvia Vinyl Chloride Monomer Market - Opportunity Assessment |
9.1 Latvia Vinyl Chloride Monomer Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Latvia Vinyl Chloride Monomer Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Latvia Vinyl Chloride Monomer Market - Competitive Landscape |
10.1 Latvia Vinyl Chloride Monomer Market Revenue Share, By Companies, 2025 |
10.2 Latvia Vinyl Chloride Monomer 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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