| Product Code: ETC11555509 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s central iron casting import shipments in 2024 saw a shift in concentration from high to moderate, indicating a more diversified import market. The top exporting countries to Latvia, including Lithuania, Germany, Turkey, Denmark, and Slovakia, highlight the varied sources contributing to this sector. Despite a negative growth rate in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 17.32%, reflecting the overall growth trajectory of iron casting imports in Latvia over the past few years. This shift in concentration and steady CAGR demonstrate the resilience and adaptability of 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 Central Iron Casting Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Central Iron Casting Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Central Iron Casting Market - Industry Life Cycle |
3.4 Latvia Central Iron Casting Market - Porter's Five Forces |
3.5 Latvia Central Iron Casting Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Central Iron Casting Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Latvia Central Iron Casting Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Central Iron Casting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Central Iron Casting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for iron castings in automotive and machinery industries |
4.2.2 Growing infrastructure development projects in Latvia driving the demand for iron castings |
4.2.3 Technological advancements in iron casting processes leading to efficiency and cost savings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from other materials like steel and aluminum |
4.3.3 Environmental regulations and sustainability concerns affecting production processes |
5 Latvia Central Iron Casting Market Trends |
6 Latvia Central Iron Casting Market, By Types |
6.1 Latvia Central Iron Casting Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Central Iron Casting Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Central Iron Casting Market Revenues & Volume, By Gray Iron Castings, 2021 - 2031F |
6.1.4 Latvia Central Iron Casting Market Revenues & Volume, By Ductile Iron Castings, 2021 - 2031F |
6.1.5 Latvia Central Iron Casting Market Revenues & Volume, By Malleable Iron Castings, 2021 - 2031F |
6.1.6 Latvia Central Iron Casting Market Revenues & Volume, By White Iron Castings, 2021 - 2031F |
6.2 Latvia Central Iron Casting Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Central Iron Casting Market Revenues & Volume, By Sand Casting, 2021 - 2031F |
6.2.3 Latvia Central Iron Casting Market Revenues & Volume, By Centrifugal Casting, 2021 - 2031F |
6.2.4 Latvia Central Iron Casting Market Revenues & Volume, By Heat Treatment Process, 2021 - 2031F |
6.2.5 Latvia Central Iron Casting Market Revenues & Volume, By Hardening Techniques, 2021 - 2031F |
6.3 Latvia Central Iron Casting Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Central Iron Casting Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.3.3 Latvia Central Iron Casting Market Revenues & Volume, By Construction Sector, 2021 - 2031F |
6.3.4 Latvia Central Iron Casting Market Revenues & Volume, By Machinery Manufacturers, 2021 - 2031F |
6.3.5 Latvia Central Iron Casting Market Revenues & Volume, By Mining Industry, 2021 - 2031F |
6.4 Latvia Central Iron Casting Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Central Iron Casting Market Revenues & Volume, By Engine Blocks, 2021 - 2031F |
6.4.3 Latvia Central Iron Casting Market Revenues & Volume, By Piping, 2021 - 2031F |
6.4.4 Latvia Central Iron Casting Market Revenues & Volume, By Heavy Equipment Parts, 2021 - 2031F |
6.4.5 Latvia Central Iron Casting Market Revenues & Volume, By Wear-Resistant Components, 2021 - 2031F |
7 Latvia Central Iron Casting Market Import-Export Trade Statistics |
7.1 Latvia Central Iron Casting Market Export to Major Countries |
7.2 Latvia Central Iron Casting Market Imports from Major Countries |
8 Latvia Central Iron Casting Market Key Performance Indicators |
8.1 Percentage increase in adoption of automated casting technologies |
8.2 Reduction in production waste and scrap rates |
8.3 Improvement in energy efficiency and carbon footprint of iron casting processes |
9 Latvia Central Iron Casting Market - Opportunity Assessment |
9.1 Latvia Central Iron Casting Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Central Iron Casting Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Latvia Central Iron Casting Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Central Iron Casting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Central Iron Casting Market - Competitive Landscape |
10.1 Latvia Central Iron Casting Market Revenue Share, By Companies, 2024 |
10.2 Latvia Central Iron Casting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |