| Product Code: ETC7908237 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import shipments of compressor wheels in 2024 continued to be dominated by key suppliers such as Czechia, Italy, Germany, Lithuania, and Finland. Despite a high level of market concentration in 2023, the Herfindahl-Hirschman Index (HHI) signified a slight increase in competitive intensity in 2024. The impressive compound annual growth rate (CAGR) of 24.71% from 2020 to 2024 highlights the expanding market demand. However, the negative growth rate of -31.38% from 2023 to 2024 indicates a potential slowdown in the import market for compressor wheels 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 Compressor Wheel Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Compressor Wheel Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Compressor Wheel Market - Industry Life Cycle |
3.4 Latvia Compressor Wheel Market - Porter's Five Forces |
3.5 Latvia Compressor Wheel Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Latvia Compressor Wheel Market Revenues & Volume Share, By Diameter, 2021 & 2031F |
3.7 Latvia Compressor Wheel Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.8 Latvia Compressor Wheel Market Revenues & Volume Share, By Method of Manufacturing, 2021 & 2031F |
3.9 Latvia Compressor Wheel Market Revenues & Volume Share, By Compressor Wheel Type, 2021 & 2031F |
4 Latvia Compressor Wheel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Compressor Wheel Market Trends |
6 Latvia Compressor Wheel Market, By Types |
6.1 Latvia Compressor Wheel Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Compressor Wheel Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Latvia Compressor Wheel Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.1.4 Latvia Compressor Wheel Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2 Latvia Compressor Wheel Market, By Diameter |
6.2.1 Overview and Analysis |
6.2.2 Latvia Compressor Wheel Market Revenues & Volume, By 20-40 mm, 2021- 2031F |
6.2.3 Latvia Compressor Wheel Market Revenues & Volume, By 40-60 mm, 2021- 2031F |
6.2.4 Latvia Compressor Wheel Market Revenues & Volume, By >60 mm, 2021- 2031F |
6.3 Latvia Compressor Wheel Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Latvia Compressor Wheel Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.3.3 Latvia Compressor Wheel Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
6.4 Latvia Compressor Wheel Market, By Method of Manufacturing |
6.4.1 Overview and Analysis |
6.4.2 Latvia Compressor Wheel Market Revenues & Volume, By Cast Compressor Wheels, 2021- 2031F |
6.4.3 Latvia Compressor Wheel Market Revenues & Volume, By Forged Compressor Wheels (Billet), 2021- 2031F |
6.5 Latvia Compressor Wheel Market, By Compressor Wheel Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Compressor Wheel Market Revenues & Volume, By Aluminum Compressor Wheel, 2021- 2031F |
6.5.3 Latvia Compressor Wheel Market Revenues & Volume, By Titanium Compressor, 2021- 2031F |
6.5.4 Latvia Compressor Wheel Market Revenues & Volume, By Stainless Steel Compressor Wheel, 2021- 2031F |
6.5.5 Latvia Compressor Wheel Market Revenues & Volume, By Twing Blade Compressor Wheel, 2021- 2031F |
7 Latvia Compressor Wheel Market Import-Export Trade Statistics |
7.1 Latvia Compressor Wheel Market Export to Major Countries |
7.2 Latvia Compressor Wheel Market Imports from Major Countries |
8 Latvia Compressor Wheel Market Key Performance Indicators |
9 Latvia Compressor Wheel Market - Opportunity Assessment |
9.1 Latvia Compressor Wheel Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Latvia Compressor Wheel Market Opportunity Assessment, By Diameter, 2021 & 2031F |
9.3 Latvia Compressor Wheel Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.4 Latvia Compressor Wheel Market Opportunity Assessment, By Method of Manufacturing, 2021 & 2031F |
9.5 Latvia Compressor Wheel Market Opportunity Assessment, By Compressor Wheel Type, 2021 & 2031F |
10 Latvia Compressor Wheel Market - Competitive Landscape |
10.1 Latvia Compressor Wheel Market Revenue Share, By Companies, 2024 |
10.2 Latvia Compressor Wheel 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.
To discover high-growth global markets and optimize your business strategy:
Click Here