| Product Code: ETC7908713 | 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 |
In 2024, Latvia continued to see a high concentration of couplings imports from top exporting countries such as Italy, Germany, Finland, Lithuania, and Poland. Despite a significant negative growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period remained strong at 23.85%. This indicates a relatively stable demand for couplings in Latvia, with potential for future growth and market opportunities in the coming years.

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 Couplings Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Couplings Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Couplings Market - Industry Life Cycle |
3.4 Latvia Couplings Market - Porter's Five Forces |
3.5 Latvia Couplings Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Couplings Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Couplings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in Latvia leading to higher demand for couplings. |
4.2.2 Growing emphasis on energy efficiency and sustainability, driving the adoption of advanced couplings technologies. |
4.2.3 Rise in manufacturing activities and investments in key sectors like automotive and aerospace, boosting the demand for couplings. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production costs of couplings. |
4.3.2 Competition from substitute products like welded joints or adhesives affecting the market growth. |
4.3.3 Regulatory challenges and compliance requirements in the manufacturing and industrial sectors impacting the adoption of couplings. |
5 Latvia Couplings Market Trends |
6 Latvia Couplings Market, By Types |
6.1 Latvia Couplings Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Couplings Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Couplings Market Revenues & Volume, By Flexible Coupling, 2021- 2031F |
6.1.4 Latvia Couplings Market Revenues & Volume, By Rigid Coupling, 2021- 2031F |
6.2 Latvia Couplings Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Couplings Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia Couplings Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.2.4 Latvia Couplings Market Revenues & Volume, By Aerospace and Defence, 2021- 2031F |
6.2.5 Latvia Couplings Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.6 Latvia Couplings Market Revenues & Volume, By Metal and Mining, 2021- 2031F |
7 Latvia Couplings Market Import-Export Trade Statistics |
7.1 Latvia Couplings Market Export to Major Countries |
7.2 Latvia Couplings Market Imports from Major Countries |
8 Latvia Couplings Market Key Performance Indicators |
8.1 Average lead time for coupling delivery to customers. |
8.2 Percentage of couplings meeting industry quality standards. |
8.3 Rate of new product development and introduction in the coupling market. |
9 Latvia Couplings Market - Opportunity Assessment |
9.1 Latvia Couplings Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Couplings Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Couplings Market - Competitive Landscape |
10.1 Latvia Couplings Market Revenue Share, By Companies, 2024 |
10.2 Latvia Couplings 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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