| Product Code: ETC7909717 | 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 drilling rig import shipments in 2024 saw major contributions from top exporting countries such as USA, Estonia, Sweden, China, and Lithuania. Despite a high level of market concentration indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024 at -17.81%. Moreover, the growth rate in 2024 plummeted by -65.01% compared to the previous year, suggesting a challenging environment for the drilling rig import market 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 Drilling Rig Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Drilling Rig Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Drilling Rig Market - Industry Life Cycle |
3.4 Latvia Drilling Rig Market - Porter's Five Forces |
3.5 Latvia Drilling Rig Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Drilling Rig Market Revenues & Volume Share, By Location of Deployment, 2021 & 2031F |
3.7 Latvia Drilling Rig Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Drilling Rig Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing exploration and production activities in the oil and gas sector in Latvia |
4.2.2 Growing demand for renewable energy sources leading to increased geothermal drilling activities |
4.2.3 Government initiatives and investments in infrastructure development projects |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor in the drilling rig industry |
4.3.2 Environmental regulations impacting drilling rig operations |
4.3.3 Volatility in global oil prices affecting investment decisions in drilling projects |
5 Latvia Drilling Rig Market Trends |
6 Latvia Drilling Rig Market, By Types |
6.1 Latvia Drilling Rig Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Drilling Rig Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Drilling Rig Market Revenues & Volume, By Jackup, 2021- 2031F |
6.1.4 Latvia Drilling Rig Market Revenues & Volume, By Semi-submersible, 2021- 2031F |
6.1.5 Latvia Drilling Rig Market Revenues & Volume, By Drillship, 2021- 2031F |
6.1.6 Latvia Drilling Rig Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Latvia Drilling Rig Market, By Location of Deployment |
6.2.1 Overview and Analysis |
6.2.2 Latvia Drilling Rig Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Latvia Drilling Rig Market Revenues & Volume, By Offshore, 2021- 2031F |
6.3 Latvia Drilling Rig Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Drilling Rig Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.3 Latvia Drilling Rig Market Revenues & Volume, By Mining, 2021- 2031F |
6.3.4 Latvia Drilling Rig Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Drilling Rig Market Import-Export Trade Statistics |
7.1 Latvia Drilling Rig Market Export to Major Countries |
7.2 Latvia Drilling Rig Market Imports from Major Countries |
8 Latvia Drilling Rig Market Key Performance Indicators |
8.1 Average utilization rate of drilling rigs in Latvia |
8.2 Number of new drilling rig installations in the country |
8.3 Average age of drilling rig fleet in Latvia |
8.4 Rate of adoption of new drilling technologies in the market |
9 Latvia Drilling Rig Market - Opportunity Assessment |
9.1 Latvia Drilling Rig Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Drilling Rig Market Opportunity Assessment, By Location of Deployment, 2021 & 2031F |
9.3 Latvia Drilling Rig Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Drilling Rig Market - Competitive Landscape |
10.1 Latvia Drilling Rig Market Revenue Share, By Companies, 2024 |
10.2 Latvia Drilling Rig Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |