| Product Code: ETC7915889 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see steady growth in its modified polypropylene import shipments, with top exporters being Germany, South Korea, Poland, Lithuania, and Spain. The market maintained a moderate concentration, as indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was 2.08%, with a notable growth rate of 4.17% from 2023 to 2024. This data suggests a promising outlook for the modified polypropylene market in Latvia, driven by a diverse range of suppliers and sustained growth momentum.

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 Modified Polypropylene Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Modified Polypropylene Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Modified Polypropylene Market - Industry Life Cycle |
3.4 Latvia Modified Polypropylene Market - Porter's Five Forces |
3.5 Latvia Modified Polypropylene Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Modified Polypropylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in automotive and packaging industries |
4.2.2 Growing emphasis on sustainability and eco-friendly products |
4.2.3 Technological advancements in the production of modified polypropylene |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as propylene |
4.3.2 Intense competition from other materials like polyethylene and PVC |
4.3.3 Stringent regulations regarding the use of plastics and additives |
5 Latvia Modified Polypropylene Market Trends |
6 Latvia Modified Polypropylene Market, By Types |
6.1 Latvia Modified Polypropylene Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Modified Polypropylene Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Modified Polypropylene Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.4 Latvia Modified Polypropylene Market Revenues & Volume, By Electrical & Electronics, 2021- 2031F |
6.1.5 Latvia Modified Polypropylene Market Revenues & Volume, By Packaging, 2021- 2031F |
6.1.6 Latvia Modified Polypropylene Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.1.7 Latvia Modified Polypropylene Market Revenues & Volume, By Medical, 2021- 2031F |
6.1.8 Latvia Modified Polypropylene Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Modified Polypropylene Market Import-Export Trade Statistics |
7.1 Latvia Modified Polypropylene Market Export to Major Countries |
7.2 Latvia Modified Polypropylene Market Imports from Major Countries |
8 Latvia Modified Polypropylene Market Key Performance Indicators |
8.1 Research and Development investment in new modified polypropylene formulations |
8.2 Adoption rate of modified polypropylene in key industries |
8.3 Number of patents filed for innovative modified polypropylene products |
8.4 Percentage of recyclable content in modified polypropylene products |
8.5 Customer satisfaction and feedback on the performance of modified polypropylene applications. |
9 Latvia Modified Polypropylene Market - Opportunity Assessment |
9.1 Latvia Modified Polypropylene Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Modified Polypropylene Market - Competitive Landscape |
10.1 Latvia Modified Polypropylene Market Revenue Share, By Companies, 2024 |
10.2 Latvia Modified Polypropylene 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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