| Product Code: ETC5165907 | 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 saw a decline in baler import shipments, with a notable negative CAGR of -7.66% from 2020 to 2024. The top exporting countries to Latvia were Austria, Ireland, Poland, Germany, and Metropolitan France. Despite a significant growth rate decrease of -56.19% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated moderate concentration in the market. This data suggests a challenging market environment for baler imports in Latvia, highlighting the need for strategic adjustments and market analysis in the coming years.

By 2027, the Baler market in Latvia is anticipated to reach a growth rate of 3.27%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Baler Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Baler Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Baler Market - Industry Life Cycle |
3.4 Latvia Baler Market - Porter's Five Forces |
3.5 Latvia Baler Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Latvia Baler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing emphasis on sustainable waste management practices in Latvia |
4.2.2 Increasing government regulations promoting recycling and waste reduction |
4.2.3 Technological advancements in baler machinery improving efficiency and productivity |
4.3 Market Restraints |
4.3.1 High initial investment cost for baler equipment |
4.3.2 Lack of awareness and education about the benefits of balers in waste management |
5 Latvia Baler Market Trends |
6 Latvia Baler Market Segmentations |
6.1 Latvia Baler Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Baler Market Revenues & Volume, By Round Balers, 2021-2031F |
6.1.3 Latvia Baler Market Revenues & Volume, By Square Balers, 2021-2031F |
7 Latvia Baler Market Import-Export Trade Statistics |
7.1 Latvia Baler Market Export to Major Countries |
7.2 Latvia Baler Market Imports from Major Countries |
8 Latvia Baler Market Key Performance Indicators |
8.1 Percentage increase in the adoption of baler machinery by waste management companies in Latvia |
8.2 Reduction in waste disposal costs for businesses using balers |
8.3 Number of baler technology patents filed in Latvia |
8.4 Percentage increase in the recycling rate of materials processed by balers |
8.5 Improvement in energy efficiency metrics of baler machinery |
9 Latvia Baler Market - Opportunity Assessment |
9.1 Latvia Baler Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Latvia Baler Market - Competitive Landscape |
10.1 Latvia Baler Market Revenue Share, By Companies, 2024 |
10.2 Latvia Baler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |