| Product Code: ETC5392007 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of bar and wire rod rolling mills to Latvia in 2024 saw a significant increase in concentration, with China, Lithuania, Germany, Slovenia, and the UK emerging as the top exporting countries. The high HHI indicates a concentrated market. The impressive CAGR of 45.53% from 2020 to 2024 highlights the robust growth in this sector. Furthermore, the remarkable growth rate of 59.07% from 2023 to 2024 indicates a rapidly expanding market with strong potential for further development and investment opportunities.

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 Bar and Wire Rod Rolling Mills Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bar and Wire Rod Rolling Mills Market - Industry Life Cycle |
3.4 Latvia Bar and Wire Rod Rolling Mills Market - Porter's Five Forces |
3.5 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Bar and Wire Rod Rolling Mills Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing infrastructure development projects in Latvia |
4.2.2 Increasing demand for steel products in various industries |
4.2.3 Technological advancements in bar and wire rod rolling mills |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Environmental regulations impacting production processes |
4.3.3 Intense competition from international players |
5 Latvia Bar and Wire Rod Rolling Mills Market Trends |
6 Latvia Bar and Wire Rod Rolling Mills Market Segmentations |
6.1 Latvia Bar and Wire Rod Rolling Mills Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume, By Bar Product, 2021-2031F |
6.1.3 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume, By Wire Product, 2021-2031F |
6.2 Latvia Bar and Wire Rod Rolling Mills Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume, By Non-Ferrous Metals, 2021-2031F |
6.2.3 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume, By Iron and Steel, 2021-2031F |
6.2.4 Latvia Bar and Wire Rod Rolling Mills Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Bar and Wire Rod Rolling Mills Market Import-Export Trade Statistics |
7.1 Latvia Bar and Wire Rod Rolling Mills Market Export to Major Countries |
7.2 Latvia Bar and Wire Rod Rolling Mills Market Imports from Major Countries |
8 Latvia Bar and Wire Rod Rolling Mills Market Key Performance Indicators |
8.1 Energy efficiency of rolling mills |
8.2 Percentage of recycled materials used in production |
8.3 Employee training and skill development programs |
9 Latvia Bar and Wire Rod Rolling Mills Market - Opportunity Assessment |
9.1 Latvia Bar and Wire Rod Rolling Mills Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Bar and Wire Rod Rolling Mills Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Bar and Wire Rod Rolling Mills Market - Competitive Landscape |
10.1 Latvia Bar and Wire Rod Rolling Mills Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bar and Wire Rod Rolling Mills 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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