| Product Code: ETC7905611 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of axial compressors saw a notable shift in concentration from moderate to high in 2024, with top exporting countries being Poland, Germany, Lithuania, China, and Sweden. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the past five years remains positive at 5.88%. This indicates a steady demand for axial compressors in Latvia, with key suppliers consolidating their positions in the market.

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 Axial Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Axial Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Axial Compressor Market - Industry Life Cycle |
3.4 Latvia Axial Compressor Market - Porter's Five Forces |
3.5 Latvia Axial Compressor Market Revenues & Volume Share, By Stage, 2021 & 2031F |
3.6 Latvia Axial Compressor Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Axial Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Axial Compressor Market Trends |
6 Latvia Axial Compressor Market, By Types |
6.1 Latvia Axial Compressor Market, By Stage |
6.1.1 Overview and Analysis |
6.1.2 Latvia Axial Compressor Market Revenues & Volume, By Stage, 2021- 2031F |
6.1.3 Latvia Axial Compressor Market Revenues & Volume, By Single-Stage, 2021- 2031F |
6.1.4 Latvia Axial Compressor Market Revenues & Volume, By Multi-Stage, 2021- 2031F |
6.2 Latvia Axial Compressor Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Latvia Axial Compressor Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.3 Latvia Axial Compressor Market Revenues & Volume, By Chemical, 2021- 2031F |
6.2.4 Latvia Axial Compressor Market Revenues & Volume, By Steel and Others, 2021- 2031F |
7 Latvia Axial Compressor Market Import-Export Trade Statistics |
7.1 Latvia Axial Compressor Market Export to Major Countries |
7.2 Latvia Axial Compressor Market Imports from Major Countries |
8 Latvia Axial Compressor Market Key Performance Indicators |
9 Latvia Axial Compressor Market - Opportunity Assessment |
9.1 Latvia Axial Compressor Market Opportunity Assessment, By Stage, 2021 & 2031F |
9.2 Latvia Axial Compressor Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Axial Compressor Market - Competitive Landscape |
10.1 Latvia Axial Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Axial Compressor 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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