| Product Code: ETC7904337 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant imports of aluminum forgings, with top suppliers including China, Lithuania, Germany, Poland, and Sweden. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period was robust at 19.85%. This suggests a steady demand for aluminum forgings in Latvia, with key importing countries playing a crucial role in meeting this 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 Aluminum Forging Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aluminum Forging Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aluminum Forging Market - Industry Life Cycle |
3.4 Latvia Aluminum Forging Market - Porter's Five Forces |
3.5 Latvia Aluminum Forging Market Revenues & Volume Share, By Forging Type, 2021 & 2031F |
3.6 Latvia Aluminum Forging Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Aluminum Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-strength components in automotive and aerospace industries |
4.2.2 Growing focus on sustainable manufacturing practices and the use of recyclable materials |
4.2.3 Technological advancements in aluminum forging processes leading to improved efficiency and product quality |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Intense competition from other materials like steel and composites |
4.3.3 Regulatory challenges related to environmental standards and emissions control |
5 Latvia Aluminum Forging Market Trends |
6 Latvia Aluminum Forging Market, By Types |
6.1 Latvia Aluminum Forging Market, By Forging Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aluminum Forging Market Revenues & Volume, By Forging Type, 2021- 2031F |
6.1.3 Latvia Aluminum Forging Market Revenues & Volume, By Open Die Forging, 2021- 2031F |
6.1.4 Latvia Aluminum Forging Market Revenues & Volume, By Close Die Forging, 2021- 2031F |
6.1.5 Latvia Aluminum Forging Market Revenues & Volume, By ARing Rolled Forging, 2021- 2031F |
6.2 Latvia Aluminum Forging Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aluminum Forging Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
6.2.3 Latvia Aluminum Forging Market Revenues & Volume, By Automotive and Transportation, 2021- 2031F |
6.2.4 Latvia Aluminum Forging Market Revenues & Volume, By Industrial Machinery, 2021- 2031F |
6.2.5 Latvia Aluminum Forging Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.6 Latvia Aluminum Forging Market Revenues & Volume, By Other End-User Industries, 2021- 2031F |
7 Latvia Aluminum Forging Market Import-Export Trade Statistics |
7.1 Latvia Aluminum Forging Market Export to Major Countries |
7.2 Latvia Aluminum Forging Market Imports from Major Countries |
8 Latvia Aluminum Forging Market Key Performance Indicators |
8.1 Scrap rate percentage in aluminum forging processes |
8.2 Energy consumption per unit of output |
8.3 Percentage of recycled aluminum used in forging operations |
8.4 Percentage of defect-free products manufactured |
8.5 Average turnaround time from order placement to product delivery |
9 Latvia Aluminum Forging Market - Opportunity Assessment |
9.1 Latvia Aluminum Forging Market Opportunity Assessment, By Forging Type, 2021 & 2031F |
9.2 Latvia Aluminum Forging Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Aluminum Forging Market - Competitive Landscape |
10.1 Latvia Aluminum Forging Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aluminum Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |