| Product Code: ETC7906099 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on neighboring countries such as Lithuania, Poland, Ukraine, Germany, and Czechia for its blanket insulation imports. Despite the slight decline in growth rate from 2023 to 2024, the industry maintained a high level of concentration with a Herfindahl-Hirschman Index (HHI) remaining at elevated levels. The modest compound annual growth rate (CAGR) of 1.5% from 2020 to 2024 indicates a steady but slow expansion in the market. The consistent presence of key exporting countries highlights the importance of these trade relationships in meeting Latvia`s demand for blanket insulation.

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 Blanket Insulation Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Blanket Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Blanket Insulation Market - Industry Life Cycle |
3.4 Latvia Blanket Insulation Market - Porter's Five Forces |
3.5 Latvia Blanket Insulation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Blanket Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Blanket Insulation Market Trends |
6 Latvia Blanket Insulation Market, By Types |
6.1 Latvia Blanket Insulation Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Blanket Insulation Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Blanket Insulation Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.1.4 Latvia Blanket Insulation Market Revenues & Volume, By Transportation, 2021- 2031F |
6.1.5 Latvia Blanket Insulation Market Revenues & Volume, By Industrial, 2021- 2031F |
6.1.6 Latvia Blanket Insulation Market Revenues & Volume, By Appliances, 2021- 2031F |
6.1.7 Latvia Blanket Insulation Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Blanket Insulation Market Import-Export Trade Statistics |
7.1 Latvia Blanket Insulation Market Export to Major Countries |
7.2 Latvia Blanket Insulation Market Imports from Major Countries |
8 Latvia Blanket Insulation Market Key Performance Indicators |
9 Latvia Blanket Insulation Market - Opportunity Assessment |
9.1 Latvia Blanket Insulation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Blanket Insulation Market - Competitive Landscape |
10.1 Latvia Blanket Insulation Market Revenue Share, By Companies, 2024 |
10.2 Latvia Blanket Insulation 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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