| Product Code: ETC11761141 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia continued to heavily rely on copper rod imports, with top suppliers being Ukraine, Hungary, Azerbaijan, Germany, and Poland. Despite the high concentration of suppliers, the market experienced a negative growth trend with a CAGR of -3.6% from 2020 to 2024. The growth rate in 2024 declined significantly by -18.33%, indicating challenges in the market. This data suggests a need for strategic planning and diversification of import sources to mitigate risks and ensure a stable supply chain for copper rod 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 Copper Rod Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Copper Rod Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Copper Rod Market - Industry Life Cycle |
3.4 Latvia Copper Rod Market - Porter's Five Forces |
3.5 Latvia Copper Rod Market Revenues & Volume Share, By Rod Type, 2021 & 2031F |
3.6 Latvia Copper Rod Market Revenues & Volume Share, By Processing Method, 2021 & 2031F |
3.7 Latvia Copper Rod Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.8 Latvia Copper Rod Market Revenues & Volume Share, By Material Composition, 2021 & 2031F |
3.9 Latvia Copper Rod Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Copper Rod Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Copper Rod Market Trends |
6 Latvia Copper Rod Market, By Types |
6.1 Latvia Copper Rod Market, By Rod Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Copper Rod Market Revenues & Volume, By Rod Type, 2021 - 2031F |
6.1.3 Latvia Copper Rod Market Revenues & Volume, By Round Rod, 2021 - 2031F |
6.1.4 Latvia Copper Rod Market Revenues & Volume, By Square Rod, 2021 - 2031F |
6.1.5 Latvia Copper Rod Market Revenues & Volume, By Hexagonal Rod, 2021 - 2031F |
6.1.6 Latvia Copper Rod Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Copper Rod Market, By Processing Method |
6.2.1 Overview and Analysis |
6.2.2 Latvia Copper Rod Market Revenues & Volume, By Extrusion, 2021 - 2031F |
6.2.3 Latvia Copper Rod Market Revenues & Volume, By Rolling, 2021 - 2031F |
6.2.4 Latvia Copper Rod Market Revenues & Volume, By Casting, 2021 - 2031F |
6.2.5 Latvia Copper Rod Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Copper Rod Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Copper Rod Market Revenues & Volume, By Electrical, 2021 - 2031F |
6.3.3 Latvia Copper Rod Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.3.4 Latvia Copper Rod Market Revenues & Volume, By Construction, 2021 - 2031F |
6.3.5 Latvia Copper Rod Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia Copper Rod Market, By Material Composition |
6.4.1 Overview and Analysis |
6.4.2 Latvia Copper Rod Market Revenues & Volume, By Pure Copper, 2021 - 2031F |
6.4.3 Latvia Copper Rod Market Revenues & Volume, By Copper Alloys, 2021 - 2031F |
6.4.4 Latvia Copper Rod Market Revenues & Volume, By Recycled Copper, 2021 - 2031F |
6.4.5 Latvia Copper Rod Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 Latvia Copper Rod Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Latvia Copper Rod Market Revenues & Volume, By Wholesale, 2021 - 2031F |
6.5.3 Latvia Copper Rod Market Revenues & Volume, By Retail, 2021 - 2031F |
6.5.4 Latvia Copper Rod Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.5.5 Latvia Copper Rod Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Copper Rod Market Import-Export Trade Statistics |
7.1 Latvia Copper Rod Market Export to Major Countries |
7.2 Latvia Copper Rod Market Imports from Major Countries |
8 Latvia Copper Rod Market Key Performance Indicators |
9 Latvia Copper Rod Market - Opportunity Assessment |
9.1 Latvia Copper Rod Market Opportunity Assessment, By Rod Type, 2021 & 2031F |
9.2 Latvia Copper Rod Market Opportunity Assessment, By Processing Method, 2021 & 2031F |
9.3 Latvia Copper Rod Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.4 Latvia Copper Rod Market Opportunity Assessment, By Material Composition, 2021 & 2031F |
9.5 Latvia Copper Rod Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Copper Rod Market - Competitive Landscape |
10.1 Latvia Copper Rod Market Revenue Share, By Companies, 2024 |
10.2 Latvia Copper Rod 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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