| Product Code: ETC12232117 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia saw a significant volume of aluminium scrap imports, with top exporters including Estonia, Lithuania, Finland, Sweden, and Poland. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market maintained a healthy Compound Annual Growth Rate (CAGR) of 6.61% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024 at -14.64%, suggesting a potential shift in market dynamics or external factors impacting the industry. Continued monitoring and analysis will be crucial to understand and navigate these changes effectively.

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 Aluminium Scrap Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aluminium Scrap Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aluminium Scrap Market - Industry Life Cycle |
3.4 Latvia Aluminium Scrap Market - Porter's Five Forces |
3.5 Latvia Aluminium Scrap Market Revenues & Volume Share, By Scrap Type, 2021 & 2031F |
3.6 Latvia Aluminium Scrap Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.7 Latvia Aluminium Scrap Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Latvia Aluminium Scrap Market Revenues & Volume Share, By Processing Type, 2021 & 2031F |
3.9 Latvia Aluminium Scrap Market Revenues & Volume Share, By Purity Level, 2021 & 2031F |
4 Latvia Aluminium Scrap Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for recycled aluminium products globally |
4.2.2 Increasing focus on sustainable and environmentally friendly practices in industries |
4.2.3 Government initiatives promoting recycling and circular economy principles |
4.3 Market Restraints |
4.3.1 Fluctuating prices of aluminium in the global market |
4.3.2 Competition from other materials like steel and plastic |
4.3.3 Challenges in collection and sorting of aluminium scrap |
5 Latvia Aluminium Scrap Market Trends |
6 Latvia Aluminium Scrap Market, By Types |
6.1 Latvia Aluminium Scrap Market, By Scrap Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aluminium Scrap Market Revenues & Volume, By Scrap Type, 2021 - 2031F |
6.1.3 Latvia Aluminium Scrap Market Revenues & Volume, By New Scrap, 2021 - 2031F |
6.1.4 Latvia Aluminium Scrap Market Revenues & Volume, By Old Scrap, 2021 - 2031F |
6.1.5 Latvia Aluminium Scrap Market Revenues & Volume, By Mixed Scrap, 2021 - 2031F |
6.2 Latvia Aluminium Scrap Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aluminium Scrap Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.3 Latvia Aluminium Scrap Market Revenues & Volume, By Construction, 2021 - 2031F |
6.2.4 Latvia Aluminium Scrap Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Aluminium Scrap Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aluminium Scrap Market Revenues & Volume, By Manufacturing Waste, 2021 - 2031F |
6.3.3 Latvia Aluminium Scrap Market Revenues & Volume, By Demolition Waste, 2021 - 2031F |
6.3.4 Latvia Aluminium Scrap Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia Aluminium Scrap Market, By Processing Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Aluminium Scrap Market Revenues & Volume, By Sorting, 2021 - 2031F |
6.4.3 Latvia Aluminium Scrap Market Revenues & Volume, By Melting, 2021 - 2031F |
6.4.4 Latvia Aluminium Scrap Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 Latvia Aluminium Scrap Market, By Purity Level |
6.5.1 Overview and Analysis |
6.5.2 Latvia Aluminium Scrap Market Revenues & Volume, By High Purity, 2021 - 2031F |
6.5.3 Latvia Aluminium Scrap Market Revenues & Volume, By Medium Purity, 2021 - 2031F |
6.5.4 Latvia Aluminium Scrap Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Aluminium Scrap Market Import-Export Trade Statistics |
7.1 Latvia Aluminium Scrap Market Export to Major Countries |
7.2 Latvia Aluminium Scrap Market Imports from Major Countries |
8 Latvia Aluminium Scrap Market Key Performance Indicators |
8.1 Recycling rate of aluminium scrap in Latvia |
8.2 Number of government policies supporting recycling efforts |
8.3 Investment in infrastructure for aluminium scrap collection and processing |
8.4 Price trends of primary aluminium in the global market |
8.5 Adoption rate of recycled aluminium products by industries |
9 Latvia Aluminium Scrap Market - Opportunity Assessment |
9.1 Latvia Aluminium Scrap Market Opportunity Assessment, By Scrap Type, 2021 & 2031F |
9.2 Latvia Aluminium Scrap Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.3 Latvia Aluminium Scrap Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Latvia Aluminium Scrap Market Opportunity Assessment, By Processing Type, 2021 & 2031F |
9.5 Latvia Aluminium Scrap Market Opportunity Assessment, By Purity Level, 2021 & 2031F |
10 Latvia Aluminium Scrap Market - Competitive Landscape |
10.1 Latvia Aluminium Scrap Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aluminium Scrap 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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