| Product Code: ETC5679933 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s construction aggregates import market saw significant growth in 2024, with key suppliers being Lithuania, Norway, Estonia, Finland, and Denmark. The market concentration increased from high to very high in 2024, indicating a more consolidated market. The impressive compound annual growth rate (CAGR) of 10.37% from 2020 to 2024, coupled with a growth rate of 19.05% in 2024 alone, highlights a strong demand for construction aggregates in Latvia, driven by infrastructure development and construction projects. This data suggests a promising outlook for the construction aggregates import market in Latvia.

The Construction Aggregates market in Latvia is projected to grow at a stable growth rate of 0.47% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Construction Aggregates Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Construction Aggregates Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Construction Aggregates Market - Industry Life Cycle |
3.4 Latvia Construction Aggregates Market - Porter's Five Forces |
3.5 Latvia Construction Aggregates Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Construction Aggregates Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Construction Aggregates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government infrastructure investments in Latvia |
4.2.2 Growing demand for residential and commercial construction projects |
4.2.3 Rise in urbanization and industrialization leading to the need for construction aggregates |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Environmental regulations affecting quarry operations |
4.3.3 Competition from alternative materials like recycled aggregates |
5 Latvia Construction Aggregates Market Trends |
6 Latvia Construction Aggregates Market Segmentations |
6.1 Latvia Construction Aggregates Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Construction Aggregates Market Revenues & Volume, By Crushed stone, 2021-2031F |
6.1.3 Latvia Construction Aggregates Market Revenues & Volume, By Sand, 2021-2031F |
6.1.4 Latvia Construction Aggregates Market Revenues & Volume, By Gravel, 2021-2031F |
6.1.5 Latvia Construction Aggregates Market Revenues & Volume, By Other aggregates, 2021-2031F |
6.2 Latvia Construction Aggregates Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Construction Aggregates Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Latvia Construction Aggregates Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 Latvia Construction Aggregates Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Latvia Construction Aggregates Market Revenues & Volume, By Infrastructure, 2021-2031F |
7 Latvia Construction Aggregates Market Import-Export Trade Statistics |
7.1 Latvia Construction Aggregates Market Export to Major Countries |
7.2 Latvia Construction Aggregates Market Imports from Major Countries |
8 Latvia Construction Aggregates Market Key Performance Indicators |
8.1 Average selling price of construction aggregates |
8.2 Construction permit issuance rate in Latvia |
8.3 Import and export volume of construction aggregates in the region |
9 Latvia Construction Aggregates Market - Opportunity Assessment |
9.1 Latvia Construction Aggregates Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Construction Aggregates Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Construction Aggregates Market - Competitive Landscape |
10.1 Latvia Construction Aggregates Market Revenue Share, By Companies, 2024 |
10.2 Latvia Construction Aggregates 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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