Latvia Ferro Vanadium Market (2025-2031) | Outlook, Size, Analysis, Companies, Value, Forecast, Share, Trends, Growth, Revenue, Segmentation & Industry
Market Forecast By Grade (FeV40, FeV50, FeV60, FeV80), By Production Process (Reduction by Silicon, Reduction by Aluminum), By Application (Concrete Reinforcing Bars, Structural Plates, Axles, Frames, Crankshafts, Titanium Alloys, Pipeline, Others), By End-users (Building & Construction, Aerospace & Defense, Marine, Chemical Industry, Oil & Gas, Industrial Equipment, Automotive, Others) And Competitive Landscape
| Product Code: ETC4739642 | 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 |
Latvia Ferro Vanadium Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia saw a notable import of ferro vanadium, with top exporters being Estonia, Canada, Finland, Lithuania, and Poland. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline, with a Compound Annual Growth Rate (CAGR) of -23.22% from 2020 to 2024. The growth rate from 2023 to 2024 was even more pronounced at -56.26%, reflecting a challenging year for the ferro vanadium import market in Latvia.
Ferro Vanadium Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
Latvia's Ferro Vanadium market is anticipated to experience a stable growth rate of 3.30% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.
Key Highlights of the Report:
- Latvia Ferro Vanadium Market Outlook
- Market Size of Latvia Ferro Vanadium Market, 2024
- Forecast of Latvia Ferro Vanadium Market, 2031
- Historical Data and Forecast of Latvia Ferro Vanadium Revenues & Volume for the Period 2021-2031
- Latvia Ferro Vanadium Market Trend Evolution
- Latvia Ferro Vanadium Market Drivers and Challenges
- Latvia Ferro Vanadium Price Trends
- Latvia Ferro Vanadium Porter`s Five Forces
- Latvia Ferro Vanadium Industry Life Cycle
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Grade for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By FeV40 for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By FeV50 for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By FeV60 for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By FeV80 for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Production Process for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Reduction by Silicon for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Reduction by Aluminum for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Concrete Reinforcing Bars for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Structural Plates for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Axles for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Frames for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Crankshafts for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Titanium Alloys for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Pipeline for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By End-users for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Building & Construction for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Marine for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Chemical Industry for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Oil & Gas for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Industrial Equipment for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of Latvia Ferro Vanadium Market Revenues & Volume By Others for the Period 2021-2031
- Latvia Ferro Vanadium Import Export Trade Statistics
- Market Opportunity Assessment By Grade
- Market Opportunity Assessment By Production Process
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End-users
- Latvia Ferro Vanadium Top Companies Market Share
- Latvia Ferro Vanadium Competitive Benchmarking By Technical and Operational Parameters
- Latvia Ferro Vanadium Company Profiles
- Latvia Ferro Vanadium Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Ferro Vanadium Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Ferro Vanadium Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Ferro Vanadium Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ferro Vanadium Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ferro Vanadium Market - Industry Life Cycle |
3.4 Latvia Ferro Vanadium Market - Porter's Five Forces |
3.5 Latvia Ferro Vanadium Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Latvia Ferro Vanadium Market Revenues & Volume Share, By Production Process, 2021 & 2031F |
3.7 Latvia Ferro Vanadium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Ferro Vanadium Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Latvia Ferro Vanadium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for steel products in the construction and automotive industries |
4.2.2 Growth in the renewable energy sector driving the need for vanadium redox flow batteries |
4.2.3 Rising investments in infrastructure projects in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Environmental regulations affecting mining and production processes |
4.3.3 Competition from other countries in the ferro vanadium market |
5 Latvia Ferro Vanadium Market Trends |
6 Latvia Ferro Vanadium Market Segmentations |
6.1 Latvia Ferro Vanadium Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ferro Vanadium Market Revenues & Volume, By FeV40, 2021-2031F |
6.1.3 Latvia Ferro Vanadium Market Revenues & Volume, By FeV50, 2021-2031F |
6.1.4 Latvia Ferro Vanadium Market Revenues & Volume, By FeV60, 2021-2031F |
6.1.5 Latvia Ferro Vanadium Market Revenues & Volume, By FeV80, 2021-2031F |
6.2 Latvia Ferro Vanadium Market, By Production Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ferro Vanadium Market Revenues & Volume, By Reduction by Silicon, 2021-2031F |
6.2.3 Latvia Ferro Vanadium Market Revenues & Volume, By Reduction by Aluminum, 2021-2031F |
6.3 Latvia Ferro Vanadium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Ferro Vanadium Market Revenues & Volume, By Concrete Reinforcing Bars, 2021-2031F |
6.3.3 Latvia Ferro Vanadium Market Revenues & Volume, By Structural Plates, 2021-2031F |
6.3.4 Latvia Ferro Vanadium Market Revenues & Volume, By Axles, 2021-2031F |
6.3.5 Latvia Ferro Vanadium Market Revenues & Volume, By Frames, 2021-2031F |
6.3.6 Latvia Ferro Vanadium Market Revenues & Volume, By Crankshafts, 2021-2031F |
6.3.7 Latvia Ferro Vanadium Market Revenues & Volume, By Titanium Alloys, 2021-2031F |
6.3.8 Latvia Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Ferro Vanadium Market, By End-users |
6.4.1 Overview and Analysis |
6.4.2 Latvia Ferro Vanadium Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.4.3 Latvia Ferro Vanadium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.4 Latvia Ferro Vanadium Market Revenues & Volume, By Marine, 2021-2031F |
6.4.5 Latvia Ferro Vanadium Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.4.6 Latvia Ferro Vanadium Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.7 Latvia Ferro Vanadium Market Revenues & Volume, By Industrial Equipment, 2021-2031F |
6.4.8 Latvia Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Latvia Ferro Vanadium Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Ferro Vanadium Market Import-Export Trade Statistics |
7.1 Latvia Ferro Vanadium Market Export to Major Countries |
7.2 Latvia Ferro Vanadium Market Imports from Major Countries |
8 Latvia Ferro Vanadium Market Key Performance Indicators |
8.1 Average selling price of ferro vanadium |
8.2 Capacity utilization rate of ferro vanadium production facilities |
8.3 Number of new contracts or partnerships secured for supplying ferro vanadium |
9 Latvia Ferro Vanadium Market - Opportunity Assessment |
9.1 Latvia Ferro Vanadium Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Latvia Ferro Vanadium Market Opportunity Assessment, By Production Process, 2021 & 2031F |
9.3 Latvia Ferro Vanadium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Ferro Vanadium Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Latvia Ferro Vanadium Market - Competitive Landscape |
10.1 Latvia Ferro Vanadium Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ferro Vanadium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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