| Product Code: ETC5517939 | 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 saw a steady increase in steel hinges import shipments with a Compound Annual Growth Rate (CAGR) of 1.76% from 2020 to 2024. Despite a slight decline in growth rate by -14.63% from 2023 to 2024, the market remained diverse with top exporting countries including Poland, Germany, China, Austria, and Netherlands. The Herfindahl-Hirschman Index (HHI) indicated low concentration levels in the market, reflecting a competitive landscape that offers opportunities for various suppliers to cater to Latvia`s steel hinges demand.

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 Steel Hinges Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Steel Hinges Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Steel Hinges Market - Industry Life Cycle |
3.4 Latvia Steel Hinges Market - Porter's Five Forces |
3.5 Latvia Steel Hinges Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Steel Hinges Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Steel Hinges Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Latvia |
4.2.2 Growing demand for durable and secure door hardware solutions |
4.2.3 Emphasis on energy efficiency and sustainability in building structures |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative materials like plastic and aluminum |
5 Latvia Steel Hinges Market Trends |
6 Latvia Steel Hinges Market Segmentations |
6.1 Latvia Steel Hinges Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Steel Hinges Market Revenues & Volume, By Sliding Type, 2021-2031F |
6.1.3 Latvia Steel Hinges Market Revenues & Volume, By Card Slot Type, 2021-2031F |
6.2 Latvia Steel Hinges Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Steel Hinges Market Revenues & Volume, By Closet, 2021-2031F |
6.2.3 Latvia Steel Hinges Market Revenues & Volume, By Door, 2021-2031F |
6.2.4 Latvia Steel Hinges Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Steel Hinges Market Import-Export Trade Statistics |
7.1 Latvia Steel Hinges Market Export to Major Countries |
7.2 Latvia Steel Hinges Market Imports from Major Countries |
8 Latvia Steel Hinges Market Key Performance Indicators |
8.1 Average selling price of steel hinges |
8.2 Number of new construction projects in Latvia |
8.3 Adoption rate of energy-efficient building codes and standards in the country |
9 Latvia Steel Hinges Market - Opportunity Assessment |
9.1 Latvia Steel Hinges Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Steel Hinges Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Steel Hinges Market - Competitive Landscape |
10.1 Latvia Steel Hinges Market Revenue Share, By Companies, 2024 |
10.2 Latvia Steel Hinges 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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