| Product Code: ETC7908568 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant increase in copper stranded wire import shipments, with top exporters including Moldova, Metropolitan France, Ukraine, Lithuania, and Denmark. The market remained highly concentrated, with the Herfindahl-Hirschman Index (HHI) indicating strong dominance by key players. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 47.32%, showcasing a booming market. Additionally, the growth rate from 2023 to 2024 surged by 51.23%, indicating a rapid expansion and strong demand for copper stranded wire 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 Stranded Wire Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Copper Stranded Wire Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Copper Stranded Wire Market - Industry Life Cycle |
3.4 Latvia Copper Stranded Wire Market - Porter's Five Forces |
3.5 Latvia Copper Stranded Wire Market Revenues & Volume Share, By Geometry, 2021 & 2031F |
3.6 Latvia Copper Stranded Wire Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Copper Stranded Wire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity and telecommunications infrastructure projects in Latvia |
4.2.2 Growth in construction and automotive industries driving the need for copper stranded wires |
4.2.3 Technological advancements leading to the development of more efficient and reliable copper wire products |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of copper stranded wires |
4.3.2 Competitive pressure from alternative materials such as aluminum and fiber optics |
4.3.3 Regulatory challenges related to environmental and safety standards for copper wire manufacturing |
5 Latvia Copper Stranded Wire Market Trends |
6 Latvia Copper Stranded Wire Market, By Types |
6.1 Latvia Copper Stranded Wire Market, By Geometry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Copper Stranded Wire Market Revenues & Volume, By Geometry, 2021- 2031F |
6.1.3 Latvia Copper Stranded Wire Market Revenues & Volume, By Bunched, 2021- 2031F |
6.1.4 Latvia Copper Stranded Wire Market Revenues & Volume, By Concentric, 2021- 2031F |
6.2 Latvia Copper Stranded Wire Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Copper Stranded Wire Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.3 Latvia Copper Stranded Wire Market Revenues & Volume, By Energy, 2021- 2031F |
6.2.4 Latvia Copper Stranded Wire Market Revenues & Volume, By Transportation, 2021- 2031F |
6.2.5 Latvia Copper Stranded Wire Market Revenues & Volume, By Electronics and Telecommunication, 2021- 2031F |
6.2.6 Latvia Copper Stranded Wire Market Revenues & Volume, By Other End-user Industries, 2021- 2031F |
7 Latvia Copper Stranded Wire Market Import-Export Trade Statistics |
7.1 Latvia Copper Stranded Wire Market Export to Major Countries |
7.2 Latvia Copper Stranded Wire Market Imports from Major Countries |
8 Latvia Copper Stranded Wire Market Key Performance Indicators |
8.1 Average selling price of copper stranded wires in the Latvia market |
8.2 Number of new infrastructure projects using copper stranded wires |
8.3 Adoption rate of copper wires in emerging applications such as renewable energy systems |
9 Latvia Copper Stranded Wire Market - Opportunity Assessment |
9.1 Latvia Copper Stranded Wire Market Opportunity Assessment, By Geometry, 2021 & 2031F |
9.2 Latvia Copper Stranded Wire Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Copper Stranded Wire Market - Competitive Landscape |
10.1 Latvia Copper Stranded Wire Market Revenue Share, By Companies, 2024 |
10.2 Latvia Copper Stranded Wire 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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