| Product Code: ETC7924870 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on neighboring countries such as Estonia, Finland, Poland, Lithuania, and Germany for its wood packaging materials imports. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 10.54%. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few key exporters, highlighting the importance of monitoring market dynamics and fostering diversified trade relationships.

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 Wood Packaging Materials Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wood Packaging Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wood Packaging Materials Market - Industry Life Cycle |
3.4 Latvia Wood Packaging Materials Market - Porter's Five Forces |
3.5 Latvia Wood Packaging Materials Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Wood Packaging Materials Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Wood Packaging Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sustainable packaging solutions |
4.2.2 Increasing focus on eco-friendly practices in industries |
4.2.3 Rise in international trade and export activities |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative packaging materials |
4.3.3 Regulatory challenges related to forestry and timber sourcing |
5 Latvia Wood Packaging Materials Market Trends |
6 Latvia Wood Packaging Materials Market, By Types |
6.1 Latvia Wood Packaging Materials Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wood Packaging Materials Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Wood Packaging Materials Market Revenues & Volume, By Wooden Pallets, 2021- 2031F |
6.1.4 Latvia Wood Packaging Materials Market Revenues & Volume, By Wooden Containers, 2021- 2031F |
6.2 Latvia Wood Packaging Materials Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wood Packaging Materials Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.3 Latvia Wood Packaging Materials Market Revenues & Volume, By Shipping, 2021- 2031F |
6.2.4 Latvia Wood Packaging Materials Market Revenues & Volume, By Transportation, 2021- 2031F |
7 Latvia Wood Packaging Materials Market Import-Export Trade Statistics |
7.1 Latvia Wood Packaging Materials Market Export to Major Countries |
7.2 Latvia Wood Packaging Materials Market Imports from Major Countries |
8 Latvia Wood Packaging Materials Market Key Performance Indicators |
8.1 Percentage of wood packaging materials sourced from certified sustainable forests |
8.2 Average lead time for delivery of wood packaging materials |
8.3 Number of new clients adopting wood packaging solutions |
8.4 Percentage of market share within the packaging industry for wood materials |
8.5 Customer satisfaction rating for wood packaging products |
9 Latvia Wood Packaging Materials Market - Opportunity Assessment |
9.1 Latvia Wood Packaging Materials Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Wood Packaging Materials Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Wood Packaging Materials Market - Competitive Landscape |
10.1 Latvia Wood Packaging Materials Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wood Packaging Materials 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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