| Product Code: ETC4736317 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a significant decrease in the growth rate from 2023 to 2024, Latvia continues to import corrosion-resistant alloys primarily from the USA, China, Germany, Denmark, and Hong Kong. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. With a negative compound annual growth rate (CAGR) of -19.71% from 2020 to 2024, it suggests a challenging environment for importers in this sector. The sharp decline in growth rate from 2023 to 2024 at -52.68% may be indicative of changing market dynamics or economic conditions impacting the import of corrosion-resistant alloys 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 Corrosion Resistant Alloys Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Corrosion Resistant Alloys Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Corrosion Resistant Alloys Market - Industry Life Cycle |
3.4 Latvia Corrosion Resistant Alloys Market - Porter's Five Forces |
3.5 Latvia Corrosion Resistant Alloys Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Corrosion Resistant Alloys Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Corrosion Resistant Alloys Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from industries such as chemical processing, oil gas, and automotive sectors |
4.2.2 Increasing investments in infrastructure projects and industrial developments |
4.2.3 Strict environmental regulations boosting the adoption of corrosion-resistant alloys |
4.3 Market Restraints |
4.3.1 High initial costs associated with corrosion-resistant alloys |
4.3.2 Fluctuating raw material prices impacting overall product costs |
4.3.3 Limited awareness and technical expertise in handling corrosion-resistant alloys |
5 Latvia Corrosion Resistant Alloys Market Trends |
6 Latvia Corrosion Resistant Alloys Market Segmentations |
6.1 Latvia Corrosion Resistant Alloys Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Iron-based Alloys, 2021-2031F |
6.1.3 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Nickel-based Alloys, 2021-2031F |
6.1.4 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Cobalt-based Alloys, 2021-2031F |
6.1.5 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Corrosion Resistant Alloys Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.3 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.4 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.5 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.2.6 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.7 Latvia Corrosion Resistant Alloys Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Corrosion Resistant Alloys Market Import-Export Trade Statistics |
7.1 Latvia Corrosion Resistant Alloys Market Export to Major Countries |
7.2 Latvia Corrosion Resistant Alloys Market Imports from Major Countries |
8 Latvia Corrosion Resistant Alloys Market Key Performance Indicators |
8.1 Percentage increase in the number of infrastructure projects utilizing corrosion-resistant alloys |
8.2 Rate of adoption of corrosion-resistant alloys in key industries |
8.3 Number of new product developments or innovations in the corrosion-resistant alloys market |
8.4 Growth in the number of partnerships or collaborations between alloy manufacturers and end-user industries. |
9 Latvia Corrosion Resistant Alloys Market - Opportunity Assessment |
9.1 Latvia Corrosion Resistant Alloys Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Corrosion Resistant Alloys Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Corrosion Resistant Alloys Market - Competitive Landscape |
10.1 Latvia Corrosion Resistant Alloys Market Revenue Share, By Companies, 2024 |
10.2 Latvia Corrosion Resistant Alloys Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |