| Product Code: ETC7919196 | 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 a significant inflow of polypropylene compounds imports, with top exporters being Germany, South Korea, Poland, Spain, and Belgium. The market remained concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 3.01%, with a growth rate of 2.99% from 2023 to 2024. This data suggests a steady and consistent demand for polypropylene compounds in Latvia, with key suppliers from various countries contributing to the market`s growth.

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 Polypropylene Compounds Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Polypropylene Compounds Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Polypropylene Compounds Market - Industry Life Cycle |
3.4 Latvia Polypropylene Compounds Market - Porter's Five Forces |
3.5 Latvia Polypropylene Compounds Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Polypropylene Compounds Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Polypropylene Compounds Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries |
4.2.2 Growing focus on sustainable and eco-friendly products |
4.2.3 Rising investments in research and development for enhancing product quality |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Stringent regulations related to environmental sustainability |
4.3.3 Intense competition from other materials such as polyethylene and PVC |
5 Latvia Polypropylene Compounds Market Trends |
6 Latvia Polypropylene Compounds Market, By Types |
6.1 Latvia Polypropylene Compounds Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Polypropylene Compounds Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Polypropylene Compounds Market Revenues & Volume, By Mineral Filled PP Compounds, 2021- 2031F |
6.1.4 Latvia Polypropylene Compounds Market Revenues & Volume, By Compounded TPO, 2021- 2031F |
6.1.5 Latvia Polypropylene Compounds Market Revenues & Volume, By Compounded TPV, 2021- 2031F |
6.1.6 Latvia Polypropylene Compounds Market Revenues & Volume, By Glass Reinforced, 2021- 2031F |
6.2 Latvia Polypropylene Compounds Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Polypropylene Compounds Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Polypropylene Compounds Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.2.4 Latvia Polypropylene Compounds Market Revenues & Volume, By Electrical & Electronics, 2021- 2031F |
6.2.5 Latvia Polypropylene Compounds Market Revenues & Volume, By Textiles, 2021- 2031F |
7 Latvia Polypropylene Compounds Market Import-Export Trade Statistics |
7.1 Latvia Polypropylene Compounds Market Export to Major Countries |
7.2 Latvia Polypropylene Compounds Market Imports from Major Countries |
8 Latvia Polypropylene Compounds Market Key Performance Indicators |
8.1 Percentage of recycled content in polypropylene compounds |
8.2 Number of new product innovations launched annually |
8.3 Percentage of market share in key industries using polypropylene compounds |
8.4 Customer satisfaction ratings for product quality |
8.5 Average lead time for order fulfillment |
9 Latvia Polypropylene Compounds Market - Opportunity Assessment |
9.1 Latvia Polypropylene Compounds Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Polypropylene Compounds Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Polypropylene Compounds Market - Competitive Landscape |
10.1 Latvia Polypropylene Compounds Market Revenue Share, By Companies, 2024 |
10.2 Latvia Polypropylene Compounds 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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