| Product Code: ETC5056847 | 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 |
In 2024, Latvia continued to rely on a diverse range of countries for its aerostructures imports, with China, Lithuania, Germany, Poland, and Sweden emerging as the top exporters. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the past four years remained strong at 19.85%. The high Herfindahl-Hirschman Index (HHI) indicates a market with high concentration, suggesting that these top exporting countries hold significant market share in supplying aerostructures to Latvia.

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 Aerostructures Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aerostructures Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aerostructures Market - Industry Life Cycle |
3.4 Latvia Aerostructures Market - Porter's Five Forces |
3.5 Latvia Aerostructures Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Latvia Aerostructures Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Aerostructures Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.8 Latvia Aerostructures Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Aerostructures Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and fuel-efficient aircraft |
4.2.2 Growth in air passenger traffic leading to higher demand for new aircraft |
4.2.3 Technological advancements in aerostructures manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting manufacturing costs |
4.3.2 Regulatory challenges related to safety standards and environmental concerns |
4.3.3 Competition from established players in the global aerostructures market |
5 Latvia Aerostructures Market Trends |
6 Latvia Aerostructures Market Segmentations |
6.1 Latvia Aerostructures Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aerostructures Market Revenues & Volume, By Wings, 2021-2031F |
6.1.3 Latvia Aerostructures Market Revenues & Volume, By Nose, 2021-2031F |
6.1.4 Latvia Aerostructures Market Revenues & Volume, By Fuselage, 2021-2031F |
6.1.5 Latvia Aerostructures Market Revenues & Volume, By Nacelle and Pylon, 2021-2031F |
6.1.6 Latvia Aerostructures Market Revenues & Volume, By Empennage, 2021-2031F |
6.1.7 Latvia Aerostructures Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Aerostructures Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aerostructures Market Revenues & Volume, By Alloys, 2021-2031F |
6.2.3 Latvia Aerostructures Market Revenues & Volume, By Metal, 2021-2031F |
6.2.4 Latvia Aerostructures Market Revenues & Volume, By Composite, 2021-2031F |
6.3 Latvia Aerostructures Market, By Platform |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aerostructures Market Revenues & Volume, By Fixed-wing aircraft, 2021-2031F |
6.3.3 Latvia Aerostructures Market Revenues & Volume, By Rotary-wing aircraft, 2021-2031F |
6.4 Latvia Aerostructures Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Aerostructures Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.4.3 Latvia Aerostructures Market Revenues & Volume, By OEM, 2021-2031F |
7 Latvia Aerostructures Market Import-Export Trade Statistics |
7.1 Latvia Aerostructures Market Export to Major Countries |
7.2 Latvia Aerostructures Market Imports from Major Countries |
8 Latvia Aerostructures Market Key Performance Indicators |
8.1 Percentage of revenue invested in research and development for innovative aerostructures |
8.2 Number of new partnerships or collaborations with aerospace companies for market expansion |
8.3 Rate of adoption of advanced manufacturing technologies in aerostructures production |
9 Latvia Aerostructures Market - Opportunity Assessment |
9.1 Latvia Aerostructures Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Latvia Aerostructures Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Aerostructures Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.4 Latvia Aerostructures Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Aerostructures Market - Competitive Landscape |
10.1 Latvia Aerostructures Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aerostructures 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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