| Product Code: ETC4919857 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s copper wire import market in 2024 saw consistent high concentration with top suppliers being Ukraine, Hungary, Azerbaijan, Germany, and Poland. However, a concerning trend emerged with a negative compound annual growth rate (CAGR) of -3.6% from 2020 to 2024. The growth rate from 2023 to 2024 further declined significantly by -18.33%, indicating challenges in the market. Stakeholders should closely monitor these trends to understand the implications for the industry and potential strategies for adaptation.

By 2027, Latvia's Copper Wire market is forecasted to achieve a stable growth rate of 3.79%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Copper Wire Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Copper Wire Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Copper Wire Market - Industry Life Cycle |
3.4 Latvia Copper Wire Market - Porter's Five Forces |
3.5 Latvia Copper Wire Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Copper Wire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for copper wire in the construction industry for electrical wiring applications. |
4.2.2 Growing investments in infrastructure development projects in Latvia. |
4.2.3 Technological advancements leading to the development of high-performance copper wires. |
4.2.4 Shift towards renewable energy sources driving the demand for copper wires in the energy sector. |
4.2.5 Favorable government regulations promoting the use of copper wires in various applications. |
4.3 Market Restraints |
4.3.1 Volatility in copper prices impacting the overall cost of production. |
4.3.2 Competition from alternative materials like aluminum affecting the market share of copper wires. |
4.3.3 Economic uncertainties and fluctuations affecting the investment decisions in infrastructure projects. |
4.3.4 Environmental concerns related to the mining and production of copper impacting the market growth. |
4.3.5 Potential supply chain disruptions affecting the availability of copper wires. |
5 Latvia Copper Wire Market Trends |
6 Latvia Copper Wire Market Segmentations |
6.1 Latvia Copper Wire Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Copper Wire Market Revenues & Volume, By Building and Construction, 2021-2031F |
6.1.3 Latvia Copper Wire Market Revenues & Volume, By Telecommunication and Power, 2021-2031F |
6.1.4 Latvia Copper Wire Market Revenues & Volume, By Transport, 2021-2031F |
6.1.5 Latvia Copper Wire Market Revenues & Volume, By Industrial Equipment, 2021-2031F |
6.1.6 Latvia Copper Wire Market Revenues & Volume, By Electronics, 2021-2031F |
6.1.7 Latvia Copper Wire Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Copper Wire Market Import-Export Trade Statistics |
7.1 Latvia Copper Wire Market Export to Major Countries |
7.2 Latvia Copper Wire Market Imports from Major Countries |
8 Latvia Copper Wire Market Key Performance Indicators |
8.1 Average selling price of copper wire products. |
8.2 Percentage of market share held by copper wires compared to alternative materials. |
8.3 Number of new infrastructure projects using copper wires. |
8.4 Percentage of revenue generated from innovative copper wire products. |
8.5 Customer satisfaction levels related to the quality and performance of copper wires. |
9 Latvia Copper Wire Market - Opportunity Assessment |
9.1 Latvia Copper Wire Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Copper Wire Market - Competitive Landscape |
10.1 Latvia Copper Wire Market Revenue Share, By Companies, 2024 |
10.2 Latvia Copper Wire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |