| Product Code: ETC7918923 | 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 heavily rely on imports for plastics injection molding, with China, Germany, USA, Netherlands, and Austria being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The industry experienced a robust compound annual growth rate (CAGR) of 8.17% from 2020 to 2024, with a notable growth rate of 64.49% from 2023 to 2024. This data suggests a strong demand for plastics injection molding in Latvia, fueled by imports from key global suppliers.

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 Plastics Injection Molding Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plastics Injection Molding Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plastics Injection Molding Market - Industry Life Cycle |
3.4 Latvia Plastics Injection Molding Market - Porter's Five Forces |
3.5 Latvia Plastics Injection Molding Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.6 Latvia Plastics Injection Molding Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Plastics Injection Molding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and durable plastic products across various industries |
4.2.2 Advancements in technology leading to increased efficiency and precision in injection molding processes |
4.2.3 Increasing focus on sustainability and environmentally friendly manufacturing practices |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Intense competition in the market leading to price wars and margin pressures |
4.3.3 Regulatory challenges and compliance requirements affecting operations |
5 Latvia Plastics Injection Molding Market Trends |
6 Latvia Plastics Injection Molding Market, By Types |
6.1 Latvia Plastics Injection Molding Market, By Raw Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plastics Injection Molding Market Revenues & Volume, By Raw Material Type, 2021- 2031F |
6.1.3 Latvia Plastics Injection Molding Market Revenues & Volume, By Polypropylene, 2021- 2031F |
6.1.4 Latvia Plastics Injection Molding Market Revenues & Volume, By Acrylonitrile Butadiene Styrene (Abs), 2021- 2031F |
6.1.5 Latvia Plastics Injection Molding Market Revenues & Volume, By Polystyrene, 2021- 2031F |
6.1.6 Latvia Plastics Injection Molding Market Revenues & Volume, By Polyethylene, 2021- 2031F |
6.1.7 Latvia Plastics Injection Molding Market Revenues & Volume, By Polyvinyl Chloride (Pvc), 2021- 2031F |
6.1.8 Latvia Plastics Injection Molding Market Revenues & Volume, By Polycarbonate, 2021- 2031F |
6.1.9 Latvia Plastics Injection Molding Market Revenues & Volume, By Other Raw Material Types, 2021- 2031F |
6.1.10 Latvia Plastics Injection Molding Market Revenues & Volume, By Other Raw Material Types, 2021- 2031F |
6.2 Latvia Plastics Injection Molding Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plastics Injection Molding Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.3 Latvia Plastics Injection Molding Market Revenues & Volume, By Building And Construction, 2021- 2031F |
6.2.4 Latvia Plastics Injection Molding Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.2.5 Latvia Plastics Injection Molding Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.6 Latvia Plastics Injection Molding Market Revenues & Volume, By Automotive, And Transportation, 2021- 2031F |
6.2.7 Latvia Plastics Injection Molding Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Latvia Plastics Injection Molding Market Import-Export Trade Statistics |
7.1 Latvia Plastics Injection Molding Market Export to Major Countries |
7.2 Latvia Plastics Injection Molding Market Imports from Major Countries |
8 Latvia Plastics Injection Molding Market Key Performance Indicators |
8.1 Energy efficiency metrics to track the environmental impact of the injection molding processes |
8.2 Scrap rate percentage to measure the efficiency of material usage and waste reduction efforts |
8.3 Customer satisfaction scores to gauge the quality of products and services provided |
8.4 Employee training hours to assess the skill development and readiness for technological advancements |
8.5 Innovation index to monitor the rate of technological advancements and product development in the market |
9 Latvia Plastics Injection Molding Market - Opportunity Assessment |
9.1 Latvia Plastics Injection Molding Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
9.2 Latvia Plastics Injection Molding Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Plastics Injection Molding Market - Competitive Landscape |
10.1 Latvia Plastics Injection Molding Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plastics Injection Molding 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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