| Product Code: ETC7911345 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of fluid couplings to Latvia in 2024 were mainly sourced from Poland, Germany, Italy, Sweden, and Lithuania. The market experienced a significant shift from high concentration in 2023 to low concentration in 2024, indicating a more diversified import market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 6.43%, although there was a sharp decline in growth rate from 2023 to 2024 at -91.12%. This suggests a period of adjustment or market correction in the industry, potentially leading to new opportunities and market dynamics 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 Fluid Coupling Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Fluid Coupling Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Fluid Coupling Market - Industry Life Cycle |
3.4 Latvia Fluid Coupling Market - Porter's Five Forces |
3.5 Latvia Fluid Coupling Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Fluid Coupling Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Fluid Coupling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Fluid Coupling Market Trends |
6 Latvia Fluid Coupling Market, By Types |
6.1 Latvia Fluid Coupling Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Fluid Coupling Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Fluid Coupling Market Revenues & Volume, By Centrifuges & Reciprocating Pumps, 2021- 2031F |
6.1.4 Latvia Fluid Coupling Market Revenues & Volume, By Mixers & Agitators, 2021- 2031F |
6.1.5 Latvia Fluid Coupling Market Revenues & Volume, By Crushers & Grinding Mills, 2021- 2031F |
6.1.6 Latvia Fluid Coupling Market Revenues & Volume, By Cranes & Conveyors, 2021- 2031F |
6.1.7 Latvia Fluid Coupling Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Fluid Coupling Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Fluid Coupling Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.2.3 Latvia Fluid Coupling Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.4 Latvia Fluid Coupling Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Latvia Fluid Coupling Market Revenues & Volume, By Power, 2021- 2031F |
6.2.6 Latvia Fluid Coupling Market Revenues & Volume, By Pulp & Paper, 2021- 2031F |
6.2.7 Latvia Fluid Coupling Market Revenues & Volume, By Heavy Vehicles, 2021- 2031F |
7 Latvia Fluid Coupling Market Import-Export Trade Statistics |
7.1 Latvia Fluid Coupling Market Export to Major Countries |
7.2 Latvia Fluid Coupling Market Imports from Major Countries |
8 Latvia Fluid Coupling Market Key Performance Indicators |
9 Latvia Fluid Coupling Market - Opportunity Assessment |
9.1 Latvia Fluid Coupling Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Fluid Coupling Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Fluid Coupling Market - Competitive Landscape |
10.1 Latvia Fluid Coupling Market Revenue Share, By Companies, 2024 |
10.2 Latvia Fluid Coupling 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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