| Product Code: ETC7907106 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia continues to see a steady increase in import shipments of cast iron safety valves, with top exporting countries being Finland, Poland, Italy, Germany, and Spain in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level in 2024, indicating a balanced competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 is impressive at 4.44%, with a notable growth rate of 5.2% from 2023 to 2024. This data suggests a positive outlook for the cast iron safety valve market in Latvia.

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 Cast Iron Safety Valve Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cast Iron Safety Valve Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cast Iron Safety Valve Market - Industry Life Cycle |
3.4 Latvia Cast Iron Safety Valve Market - Porter's Five Forces |
3.5 Latvia Cast Iron Safety Valve Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Cast Iron Safety Valve Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.7 Latvia Cast Iron Safety Valve Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Cast Iron Safety Valve Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization in Latvia leading to higher demand for safety valves in various sectors. |
4.2.2 Stringent safety regulations and standards in Latvia promoting the adoption of quality cast iron safety valves. |
4.2.3 Growing awareness about workplace safety and the importance of using reliable safety equipment. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of cast iron safety valves. |
4.3.2 Competition from alternative materials such as stainless steel or brass valves affecting the market share of cast iron safety valves. |
4.3.3 Economic fluctuations in Latvia leading to fluctuations in demand for industrial equipment including safety valves. |
5 Latvia Cast Iron Safety Valve Market Trends |
6 Latvia Cast Iron Safety Valve Market, By Types |
6.1 Latvia Cast Iron Safety Valve Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Spring-Loaded Pressure-Relief Valves, 2021- 2031F |
6.1.4 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Dead-Weight Pressure Relief-Valves, 2021- 2031F |
6.1.5 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Pilot-Operated Pressure-Relief Valves, 2021- 2031F |
6.2 Latvia Cast Iron Safety Valve Market, By Size |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Less Than 6 Inch, 2021- 2031F |
6.2.3 Latvia Cast Iron Safety Valve Market Revenues & Volume, By 7-25 Inch, 2021- 2031F |
6.2.4 Latvia Cast Iron Safety Valve Market Revenues & Volume, By 26-50 Inch, 2021- 2031F |
6.2.5 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Above 50 Inch, 2021- 2031F |
6.3 Latvia Cast Iron Safety Valve Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.3 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Energy and Power, 2021- 2031F |
6.3.4 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.5 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Metals, 2021- 2031F |
6.3.6 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.3.7 Latvia Cast Iron Safety Valve Market Revenues & Volume, By Waste and Wastewater Treatment, 2021- 2031F |
7 Latvia Cast Iron Safety Valve Market Import-Export Trade Statistics |
7.1 Latvia Cast Iron Safety Valve Market Export to Major Countries |
7.2 Latvia Cast Iron Safety Valve Market Imports from Major Countries |
8 Latvia Cast Iron Safety Valve Market Key Performance Indicators |
8.1 Number of new industrial projects in Latvia requiring safety valves. |
8.2 Compliance rate of safety regulations in industries using cast iron safety valves. |
8.3 Adoption rate of advanced safety technologies in the manufacturing sector. |
9 Latvia Cast Iron Safety Valve Market - Opportunity Assessment |
9.1 Latvia Cast Iron Safety Valve Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Cast Iron Safety Valve Market Opportunity Assessment, By Size, 2021 & 2031F |
9.3 Latvia Cast Iron Safety Valve Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Cast Iron Safety Valve Market - Competitive Landscape |
10.1 Latvia Cast Iron Safety Valve Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cast Iron Safety Valve Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |