| Product Code: ETC7918883 | 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 |
Latvia`s plastic extrusion machine import market saw significant growth in 2024, with top exporting countries being Italy, China, Ukraine, Lithuania, and Austria. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 18.13%, with a remarkable growth rate of 325.4% in 2024 alone. This data suggests a robust demand for plastic extrusion machines in Latvia, driven by technological advancements and increasing industrial applications.

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 Plastic Extrusion Machine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plastic Extrusion Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plastic Extrusion Machine Market - Industry Life Cycle |
3.4 Latvia Plastic Extrusion Machine Market - Porter's Five Forces |
3.5 Latvia Plastic Extrusion Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Plastic Extrusion Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Plastic Extrusion Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for plastic products in various industries such as packaging, automotive, and construction |
4.2.2 Technological advancements in plastic extrusion machines leading to higher efficiency and productivity |
4.2.3 Government initiatives promoting the use of plastic extrusion machines for sustainable manufacturing practices |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the overall production cost |
4.3.2 Intense competition from other manufacturing technologies like injection molding and blow molding |
4.3.3 Stringent environmental regulations regarding plastic waste management impacting the industry |
5 Latvia Plastic Extrusion Machine Market Trends |
6 Latvia Plastic Extrusion Machine Market, By Types |
6.1 Latvia Plastic Extrusion Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Single-Screw, 2021- 2031F |
6.1.4 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Twin Screw, 2021- 2031F |
6.1.5 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Plastic Extrusion Machine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.2.4 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.6 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.7 Latvia Plastic Extrusion Machine Market Revenues & Volume, By Electronics, 2021- 2031F |
7 Latvia Plastic Extrusion Machine Market Import-Export Trade Statistics |
7.1 Latvia Plastic Extrusion Machine Market Export to Major Countries |
7.2 Latvia Plastic Extrusion Machine Market Imports from Major Countries |
8 Latvia Plastic Extrusion Machine Market Key Performance Indicators |
8.1 Energy efficiency of plastic extrusion machines |
8.2 Reduction in material wastage during the extrusion process |
8.3 Adoption rate of Industry 4.0 technologies in plastic extrusion machines |
9 Latvia Plastic Extrusion Machine Market - Opportunity Assessment |
9.1 Latvia Plastic Extrusion Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Plastic Extrusion Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Plastic Extrusion Machine Market - Competitive Landscape |
10.1 Latvia Plastic Extrusion Machine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plastic Extrusion Machine 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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