| Product Code: ETC4925177 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia`s flanges import market saw a shift in concentration levels from moderate to low in 2024, with top exporters being Italy, Poland, Lithuania, Sweden, and Germany. The industry experienced a significant decline with a CAGR of -8.26% from 2020 to 2024, and a sharp growth rate decrease of -25.7% from 2023 to 2024. These trends indicate a challenging market environment, possibly influenced by global economic conditions and changing trade dynamics. Stakeholders should closely monitor these developments to adapt strategies accordingly.
In the Europe region, the Flanges market in Latvia is projected to expand at a stable growth rate of 4.07% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Flanges Market Overview  | 
3.1 Latvia Country Macro Economic Indicators  | 
3.2 Latvia Flanges Market Revenues & Volume, 2021 & 2031F  | 
3.3 Latvia Flanges Market - Industry Life Cycle  | 
3.4 Latvia Flanges Market - Porter's Five Forces  | 
3.5 Latvia Flanges Market Revenues & Volume Share, By Type, 2021 & 2031F  | 
3.6 Latvia Flanges Market Revenues & Volume Share, By Material, 2021 & 2031F  | 
3.7 Latvia Flanges Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F  | 
4 Latvia Flanges Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Growing demand for energy and infrastructure projects in Latvia  | 
4.2.2 Increasing industrial activities in the region  | 
4.2.3 Technological advancements leading to improved flange manufacturing processes  | 
4.3 Market Restraints  | 
4.3.1 Fluctuating raw material prices impacting production costs  | 
4.3.2 Intense competition from international flange manufacturers  | 
4.3.3 Regulatory challenges and compliance requirements  | 
5 Latvia Flanges Market Trends  | 
6 Latvia Flanges Market Segmentations  | 
6.1 Latvia Flanges Market, By Type  | 
6.1.1 Overview and Analysis  | 
6.1.2 Latvia Flanges Market Revenues & Volume, By Welding Neck, 2021-2031F  | 
6.1.3 Latvia Flanges Market Revenues & Volume, By Long Welding Neck, 2021-2031F  | 
6.1.4 Latvia Flanges Market Revenues & Volume, By Slip-On, 2021-2031F  | 
6.1.5 Latvia Flanges Market Revenues & Volume, By Socket Weld, 2021-2031F  | 
6.1.6 Latvia Flanges Market Revenues & Volume, By Lap Joint, 2021-2031F  | 
6.1.7 Latvia Flanges Market Revenues & Volume, By Others, 2021-2031F  | 
6.2 Latvia Flanges Market, By Material  | 
6.2.1 Overview and Analysis  | 
6.2.2 Latvia Flanges Market Revenues & Volume, By Carbon Steel, 2021-2031F  | 
6.2.3 Latvia Flanges Market Revenues & Volume, By Stainless Steel, 2021-2031F  | 
6.2.4 Latvia Flanges Market Revenues & Volume, By Aluminum, 2021-2031F  | 
6.2.5 Latvia Flanges Market Revenues & Volume, By Polymer, 2021-2031F  | 
6.2.6 Latvia Flanges Market Revenues & Volume, By Others, 2021-2031F  | 
6.3 Latvia Flanges Market, By End Use Industry  | 
6.3.1 Overview and Analysis  | 
6.3.2 Latvia Flanges Market Revenues & Volume, By Aviation and Aerospace, 2021-2031F  | 
6.3.3 Latvia Flanges Market Revenues & Volume, By Petrochemical, 2021-2031F  | 
6.3.4 Latvia Flanges Market Revenues & Volume, By Architectural Decoration, 2021-2031F  | 
6.3.5 Latvia Flanges Market Revenues & Volume, By Food & Beverages Processing, 2021-2031F  | 
6.3.6 Latvia Flanges Market Revenues & Volume, By Construction, 2021-2031F  | 
7 Latvia Flanges Market Import-Export Trade Statistics  | 
7.1 Latvia Flanges Market Export to Major Countries  | 
7.2 Latvia Flanges Market Imports from Major Countries  | 
8 Latvia Flanges Market Key Performance Indicators  | 
8.1 Average lead time for fulfilling flange orders  | 
8.2 Percentage of repeat customers indicating customer satisfaction and loyalty  | 
8.3 Rate of new product development and innovation in the flanges market  | 
8.4 Number of strategic partnerships and collaborations with key industry players  | 
8.5 Percentage of market penetration in key sectors such as oil gas, construction, and manufacturing  | 
9 Latvia Flanges Market - Opportunity Assessment  | 
9.1 Latvia Flanges Market Opportunity Assessment, By Type, 2021 & 2031F  | 
9.2 Latvia Flanges Market Opportunity Assessment, By Material, 2021 & 2031F  | 
9.3 Latvia Flanges Market Opportunity Assessment, By End Use Industry, 2021 & 2031F  | 
10 Latvia Flanges Market - Competitive Landscape  | 
10.1 Latvia Flanges Market Revenue Share, By Companies, 2024  | 
10.2 Latvia Flanges Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |