Latvia Brass Market (2025-2031) | Segmentation, Forecast, Share, Revenue, Industry, Outlook, Analysis, Growth, Trends, Size, Value & Companies

Name: Latvia Brass Market (2025-2031) | Value & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Brass Market, Latvia Brass Market, Latvia Brass Market Revenues, Latvia Brass Market Share, Latvia Brass Market Size, Latvia Brass Market Outlook, Latvia Brass Market Report, Latvia Brass Market Competition, Latvia Brass Market Overview, Latvia Brass Market Trends, Latvia Brass Market Forecast

Market Forecast By Type (Brass Wires, Brass Rods, Brass Strips), By End User (Meshes, Springs, Cables and Wires, Mechanical Fasteners, Rivets, High-strength Welding Suture, Machines, Automotive) And Competitive Landscape

Product Code: ETC5394268	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

Latvia Brass Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s brass import shipments in 2024 continued to be dominated by neighboring countries such as Lithuania, Belarus, and Estonia, as well as countries further afield like Uzbekistan and Kazakhstan. Despite a high concentration of imports, the market experienced a decline with a CAGR of -5.95% from 2020 to 2024. The negative growth trend persisted in 2024 with a further decrease of -8.94%. This indicates a challenging environment for brass imports in Latvia, possibly influenced by economic factors or shifting trade dynamics in the region.

Latvia Brass Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Brass Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

The Brass market in Latvia is projected to grow at a stable growth rate of 0.38% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

Brass Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

Latvia Brass Market Outlook
Market Size of Latvia Brass Market, 2024
Forecast of Latvia Brass Market, 2031
Historical Data and Forecast of Latvia Brass Revenues & Volume for the Period 2021-2031
Latvia Brass Market Trend Evolution
Latvia Brass Market Drivers and Challenges
Latvia Brass Price Trends
Latvia Brass Porter`s Five Forces
Latvia Brass Industry Life Cycle
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Brass Wires for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Brass Rods for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Brass Strips for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By End User for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Meshes for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Springs for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Cables and Wires for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Mechanical Fasteners for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Rivets for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By High-strength Welding Suture for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Machines for the Period 2021-2031
Historical Data and Forecast of Latvia Brass Market Revenues & Volume By Automotive for the Period 2021-2031
Latvia Brass Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By End User
Latvia Brass Top Companies Market Share
Latvia Brass Competitive Benchmarking By Technical and Operational Parameters
Latvia Brass Company Profiles
Latvia Brass Key Strategic Recommendations

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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 Brass Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Brass Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Brass Market - Industry Life Cycle

3.4 Latvia Brass Market - Porter's Five Forces

3.5 Latvia Brass Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Brass Market Revenues & Volume Share, By End User, 2021 & 2031F

4 Latvia Brass Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for brass products in industries such as construction, automotive, and electronics.

4.2.2 Growing focus on sustainable and eco-friendly materials, with brass being a recyclable and durable option.

4.2.3 Favorable government regulations supporting the use of brass in various applications.

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting the overall production cost of brass products.

4.3.2 Intense competition from alternative materials like aluminum and steel.

4.3.3 Economic uncertainties affecting consumer spending on brass products.

5 Latvia Brass Market Trends

6 Latvia Brass Market Segmentations

6.1 Latvia Brass Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Brass Market Revenues & Volume, By Brass Wires, 2021-2031F

6.1.3 Latvia Brass Market Revenues & Volume, By Brass Rods, 2021-2031F

6.1.4 Latvia Brass Market Revenues & Volume, By Brass Strips, 2021-2031F

6.2 Latvia Brass Market, By End User

6.2.1 Overview and Analysis

6.2.2 Latvia Brass Market Revenues & Volume, By Meshes, 2021-2031F

6.2.3 Latvia Brass Market Revenues & Volume, By Springs, 2021-2031F

6.2.4 Latvia Brass Market Revenues & Volume, By Cables and Wires, 2021-2031F

6.2.5 Latvia Brass Market Revenues & Volume, By Mechanical Fasteners, 2021-2031F

6.2.6 Latvia Brass Market Revenues & Volume, By Rivets, 2021-2031F

6.2.7 Latvia Brass Market Revenues & Volume, By High-strength Welding Suture, 2021-2031F

6.2.8 Latvia Brass Market Revenues & Volume, By Automotive, 2021-2031F

6.2.9 Latvia Brass Market Revenues & Volume, By Automotive, 2021-2031F

7 Latvia Brass Market Import-Export Trade Statistics

7.1 Latvia Brass Market Export to Major Countries

7.2 Latvia Brass Market Imports from Major Countries

8 Latvia Brass Market Key Performance Indicators

8.1 Percentage of recycled brass used in manufacturing processes.

8.2 Number of new product developments using brass as a primary material.

8.3 Adoption rate of brass products in emerging industries such as renewable energy and smart technology.

9 Latvia Brass Market - Opportunity Assessment

9.1 Latvia Brass Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Brass Market Opportunity Assessment, By End User, 2021 & 2031F

10 Latvia Brass Market - Competitive Landscape

10.1 Latvia Brass Market Revenue Share, By Companies, 2024

10.2 Latvia Brass Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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