| Product Code: ETC5526584 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a diverse range of countries exporting rivet nuts, with Germany, Poland, Austria, Metropolitan France, and Czechia emerging as the top exporters. Despite the fluctuations in growth rate, the market remained competitively distributed with low concentration, indicating a healthy level of competition among suppliers. The impressive compound annual growth rate (CAGR) of 13.06% from 2020 to 2024 suggests a growing demand for rivet nuts in Latvia. However, the slight decline in growth rate from 2023 to 2024 at -10.63% highlights the need for businesses to adapt to changing market conditions to sustain 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 Rivet Nut Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Rivet Nut Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Rivet Nut Market - Industry Life Cycle |
3.4 Latvia Rivet Nut Market - Porter's Five Forces |
3.5 Latvia Rivet Nut Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Rivet Nut Market Revenues & Volume Share, By Shape Type, 2021 & 2031F |
3.7 Latvia Rivet Nut Market Revenues & Volume Share, By Material Used, 2021 & 2031F |
3.8 Latvia Rivet Nut Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Rivet Nut Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in automotive and aerospace industries |
4.2.2 Growing adoption of rivet nuts in construction and manufacturing sectors for their durability and ease of use |
4.2.3 Rise in infrastructure development projects driving the demand for fastening solutions |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative fastening solutions |
4.3.3 Economic uncertainties affecting investment decisions in the manufacturing sector |
5 Latvia Rivet Nut Market Trends |
6 Latvia Rivet Nut Market Segmentations |
6.1 Latvia Rivet Nut Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Rivet Nut Market Revenues & Volume, By Open-end, 2021-2031F |
6.1.3 Latvia Rivet Nut Market Revenues & Volume, By Closed-end, 2021-2031F |
6.2 Latvia Rivet Nut Market, By Shape Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Rivet Nut Market Revenues & Volume, By Round, 2021-2031F |
6.2.3 Latvia Rivet Nut Market Revenues & Volume, By Splined, 2021-2031F |
6.2.4 Latvia Rivet Nut Market Revenues & Volume, By Hexagonal, 2021-2031F |
6.2.5 Latvia Rivet Nut Market Revenues & Volume, By Square, 2021-2031F |
6.3 Latvia Rivet Nut Market, By Material Used |
6.3.1 Overview and Analysis |
6.3.2 Latvia Rivet Nut Market Revenues & Volume, By Aluminum, 2021-2031F |
6.3.3 Latvia Rivet Nut Market Revenues & Volume, By Stainless steel, 2021-2031F |
6.3.4 Latvia Rivet Nut Market Revenues & Volume, By Mild steel, 2021-2031F |
6.3.5 Latvia Rivet Nut Market Revenues & Volume, By Brass, 2021-2031F |
6.3.6 Latvia Rivet Nut Market Revenues & Volume, By Monel, 2021-2031F |
6.4 Latvia Rivet Nut Market, By End-user |
6.4.1 Overview and Analysis |
6.4.2 Latvia Rivet Nut Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.3 Latvia Rivet Nut Market Revenues & Volume, By Aerospace, 2021-2031F |
6.4.4 Latvia Rivet Nut Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.5 Latvia Rivet Nut Market Revenues & Volume, By Furniture, 2021-2031F |
6.4.6 Latvia Rivet Nut Market Revenues & Volume, By Electronics, 2021-2031F |
6.4.7 Latvia Rivet Nut Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Rivet Nut Market Import-Export Trade Statistics |
7.1 Latvia Rivet Nut Market Export to Major Countries |
7.2 Latvia Rivet Nut Market Imports from Major Countries |
8 Latvia Rivet Nut Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Percentage of repeat customers |
8.3 Rate of new product development and introduction |
8.4 Customer satisfaction index |
8.5 Market penetration rate in key industries |
9 Latvia Rivet Nut Market - Opportunity Assessment |
9.1 Latvia Rivet Nut Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Rivet Nut Market Opportunity Assessment, By Shape Type, 2021 & 2031F |
9.3 Latvia Rivet Nut Market Opportunity Assessment, By Material Used, 2021 & 2031F |
9.4 Latvia Rivet Nut Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Rivet Nut Market - Competitive Landscape |
10.1 Latvia Rivet Nut Market Revenue Share, By Companies, 2024 |
10.2 Latvia Rivet Nut 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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