| Product Code: ETC5192374 | 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 |
Latvia`s injection molded plastics import market experienced significant growth in 2024, with the top exporting countries being USA, Denmark, Lithuania, Turkey, and Czechia. The market concentration, as measured by the HHI, increased from moderate to very high in just one year, indicating a more consolidated market landscape. The impressive CAGR of 32.38% from 2020 to 2024 highlights the growing demand for injection molded plastics in Latvia. Moreover, the accelerated growth rate of 36.71% from 2023 to 2024 suggests a rapidly expanding market with opportunities for both domestic and international suppliers to capitalize on.

The Injection Molded Plastics market in Latvia is projected to grow at a stable growth rate of 3.79% 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 Injection Molded Plastics Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Injection Molded Plastics Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Injection Molded Plastics Market - Industry Life Cycle |
3.4 Latvia Injection Molded Plastics Market - Porter's Five Forces |
3.5 Latvia Injection Molded Plastics Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Latvia Injection Molded Plastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Injection Molded Plastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and durable materials in various industries |
4.2.2 Technological advancements in injection molding processes |
4.2.3 Increasing focus on sustainability and use of recycled plastics |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Intense competition from other manufacturing processes |
4.3.3 Regulatory challenges related to environmental impact and waste management |
5 Latvia Injection Molded Plastics Market Trends |
6 Latvia Injection Molded Plastics Market Segmentations |
6.1 Latvia Injection Molded Plastics Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Injection Molded Plastics Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.1.3 Latvia Injection Molded Plastics Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (ABS), 2021-2031F |
6.1.4 Latvia Injection Molded Plastics Market Revenues & Volume, By High-Density Polyethylene (HDPE), 2021-2031F |
6.1.5 Latvia Injection Molded Plastics Market Revenues & Volume, By Polystyrene (PS), 2021-2031F |
6.1.6 Latvia Injection Molded Plastics Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Injection Molded Plastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Injection Molded Plastics Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Latvia Injection Molded Plastics Market Revenues & Volume, By Consumables & Electronics, 2021-2031F |
6.2.4 Latvia Injection Molded Plastics Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.5 Latvia Injection Molded Plastics Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.6 Latvia Injection Molded Plastics Market Revenues & Volume, By Medical, 2021-2031F |
6.2.7 Latvia Injection Molded Plastics Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Injection Molded Plastics Market Import-Export Trade Statistics |
7.1 Latvia Injection Molded Plastics Market Export to Major Countries |
7.2 Latvia Injection Molded Plastics Market Imports from Major Countries |
8 Latvia Injection Molded Plastics Market Key Performance Indicators |
8.1 Percentage of recycled plastics used in injection molding processes |
8.2 Rate of adoption of new injection molding technologies |
8.3 Energy efficiency improvements in injection molding operations |
9 Latvia Injection Molded Plastics Market - Opportunity Assessment |
9.1 Latvia Injection Molded Plastics Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Latvia Injection Molded Plastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Injection Molded Plastics Market - Competitive Landscape |
10.1 Latvia Injection Molded Plastics Market Revenue Share, By Companies, 2024 |
10.2 Latvia Injection Molded Plastics 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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