| Product Code: ETC4654132 | 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 |
The Maldives continues to depend on imports of cast & forged products, with top exporters being India, China, Italy, Singapore, and Qatar. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. However, the industry experienced a significant decline with a CAGR of -6.27% from 2020 to 2024, along with a drastic growth rate decrease of -65.86% from 2023 to 2024. This data suggests challenges and potential shifts in the market dynamics for cast & forged imports in the Maldives.

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 Maldives Cast & Forged Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Cast & Forged Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Cast & Forged Market - Industry Life Cycle |
3.4 Maldives Cast & Forged Market - Porter's Five Forces |
3.5 Maldives Cast & Forged Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Maldives Cast & Forged Market Revenues & Volume Share, By Activity Types, 2021 & 2031F |
3.7 Maldives Cast & Forged Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Maldives Cast & Forged Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Maldives Cast & Forged Market Trends |
6 Maldives Cast & Forged Market Segmentations |
6.1 Maldives Cast & Forged Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Maldives Cast & Forged Market Revenues & Volume, By Light Alloys, 2021-2031F |
6.1.3 Maldives Cast & Forged Market Revenues & Volume, By Copper Alloys, 2021-2031F |
6.1.4 Maldives Cast & Forged Market Revenues & Volume, By Iron Casting, 2021-2031F |
6.1.5 Maldives Cast & Forged Market Revenues & Volume, By Steel Casting, 2021-2031F |
6.1.6 Maldives Cast & Forged Market Revenues & Volume, By Miscellaneous, 2021-2031F |
6.2 Maldives Cast & Forged Market, By Activity Types |
6.2.1 Overview and Analysis |
6.2.2 Maldives Cast & Forged Market Revenues & Volume, By Closed Die Forging, 2021-2031F |
6.2.3 Maldives Cast & Forged Market Revenues & Volume, By Open Die Forging, 2021-2031F |
6.2.4 Maldives Cast & Forged Market Revenues & Volume, By Rolled Ring Forging, 2021-2031F |
6.2.5 Maldives Cast & Forged Market Revenues & Volume, By Cold Forging, 2021-2031F |
6.2.6 Maldives Cast & Forged Market Revenues & Volume, By Non-ferrous Closed Die Forging, 2021-2031F |
6.3 Maldives Cast & Forged Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Maldives Cast & Forged Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Maldives Cast & Forged Market Revenues & Volume, By Aerospace, 2021-2031F |
6.3.4 Maldives Cast & Forged Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.5 Maldives Cast & Forged Market Revenues & Volume, By Construction, 2021-2031F |
6.3.6 Maldives Cast & Forged Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.7 Maldives Cast & Forged Market Revenues & Volume, By Industrial, 2021-2031F |
7 Maldives Cast & Forged Market Import-Export Trade Statistics |
7.1 Maldives Cast & Forged Market Export to Major Countries |
7.2 Maldives Cast & Forged Market Imports from Major Countries |
8 Maldives Cast & Forged Market Key Performance Indicators |
9 Maldives Cast & Forged Market - Opportunity Assessment |
9.1 Maldives Cast & Forged Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Maldives Cast & Forged Market Opportunity Assessment, By Activity Types, 2021 & 2031F |
9.3 Maldives Cast & Forged Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Maldives Cast & Forged Market - Competitive Landscape |
10.1 Maldives Cast & Forged Market Revenue Share, By Companies, 2024 |
10.2 Maldives Cast & Forged 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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