| Product Code: ETC4854421 | 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 |
Despite a significant decline in the CAGR and growth rate for Latvia`s beverage can import shipments from 2020 to 2024, the country continued to maintain a high Herfindahl-Hirschman Index (HHI) concentration. Top exporting countries like Poland, Austria, Lithuania, Belgium, and Ukraine played a crucial role in supplying beverage cans to Latvia in 2024. This data suggests a stable market with established trade relationships, even amidst challenging growth trends.

The Beverage Cans market in Latvia is projected to grow at a stable growth rate of 4.34% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Beverage Cans Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Beverage Cans Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Beverage Cans Market - Industry Life Cycle |
3.4 Latvia Beverage Cans Market - Porter's Five Forces |
3.5 Latvia Beverage Cans Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Beverage Cans Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Beverage Cans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for convenience and portability of beverages |
4.2.2 Growing demand for sustainable and eco-friendly packaging solutions |
4.2.3 Rise in disposable income leading to higher consumption of packaged beverages |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative packaging solutions such as PET bottles |
4.3.3 Regulatory challenges related to recycling and waste management |
5 Latvia Beverage Cans Market Trends |
6 Latvia Beverage Cans Market Segmentations |
6.1 Latvia Beverage Cans Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Beverage Cans Market Revenues & Volume, By Aluminium, 2021-2031F |
6.1.3 Latvia Beverage Cans Market Revenues & Volume, By Steel, 2021-2031F |
6.2 Latvia Beverage Cans Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Beverage Cans Market Revenues & Volume, By Carbonated Water, 2021-2031F |
6.2.3 Latvia Beverage Cans Market Revenues & Volume, By Flavored Water, 2021-2031F |
6.2.4 Latvia Beverage Cans Market Revenues & Volume, By Still Water, 2021-2031F |
6.2.5 Latvia Beverage Cans Market Revenues & Volume, By Functional Water, 2021-2031F |
7 Latvia Beverage Cans Market Import-Export Trade Statistics |
7.1 Latvia Beverage Cans Market Export to Major Countries |
7.2 Latvia Beverage Cans Market Imports from Major Countries |
8 Latvia Beverage Cans Market Key Performance Indicators |
8.1 Percentage of beverage companies using cans in their packaging |
8.2 Recycling rate of beverage cans in Latvia |
8.3 Adoption rate of innovative can designs and technologies in the market |
9 Latvia Beverage Cans Market - Opportunity Assessment |
9.1 Latvia Beverage Cans Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Beverage Cans Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Beverage Cans Market - Competitive Landscape |
10.1 Latvia Beverage Cans Market Revenue Share, By Companies, 2024 |
10.2 Latvia Beverage Cans 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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