| Product Code: ETC5146489 | 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`s gaskets and seals import market in 2024 continued to see a diverse range of suppliers, with top exporters being Germany, Lithuania, Romania, Sweden, and Poland. The market displayed low concentration with a Herfindahl-Hirschman Index (HHI) remaining at a low level. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 13.58%, indicating sustained market expansion. However, there was a slight decline in growth rate from 2023 to 2024 at -8.31%, possibly reflecting temporary market fluctuations. Overall, the import shipments of gaskets and seals into Latvia show a promising and dynamic market landscape.

Latvia's Gaskets And Seals market is anticipated to experience a stable growth rate of 3.37% by 2027, reflecting trends observed in the largest economy 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 Gaskets And Seals Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Gaskets And Seals Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Gaskets And Seals Market - Industry Life Cycle |
3.4 Latvia Gaskets And Seals Market - Porter's Five Forces |
3.5 Latvia Gaskets And Seals Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Gaskets And Seals Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Gaskets And Seals Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Gaskets And Seals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for gaskets and seals in the automotive industry due to rising vehicle production and sales. |
4.2.2 Growing adoption of gaskets and seals in the manufacturing sector for machinery and equipment maintenance. |
4.2.3 Technological advancements leading to the development of high-performance and durable gaskets and seals. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the manufacturing cost of gaskets and seals. |
4.3.2 Intense competition from substitute products like adhesives and sealants affecting market growth. |
4.3.3 Stringent regulations related to material composition and environmental impact hampering market expansion. |
5 Latvia Gaskets And Seals Market Trends |
6 Latvia Gaskets And Seals Market Segmentations |
6.1 Latvia Gaskets And Seals Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Gaskets And Seals Market Revenues & Volume, By Gaskets, 2021-2031F |
6.1.3 Latvia Gaskets And Seals Market Revenues & Volume, By Seals, 2021-2031F |
6.2 Latvia Gaskets And Seals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Gaskets And Seals Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia Gaskets And Seals Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.4 Latvia Gaskets And Seals Market Revenues & Volume, By Marine & Rail, 2021-2031F |
6.2.5 Latvia Gaskets And Seals Market Revenues & Volume, By Industrial & Manufacturing, 2021-2031F |
6.2.6 Latvia Gaskets And Seals Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.7 Latvia Gaskets And Seals Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.8 Latvia Gaskets And Seals Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Latvia Gaskets And Seals Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Gaskets And Seals Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Gaskets And Seals Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 Latvia Gaskets And Seals Market Revenues & Volume, By Aftersales market, 2021-2031F |
7 Latvia Gaskets And Seals Market Import-Export Trade Statistics |
7.1 Latvia Gaskets And Seals Market Export to Major Countries |
7.2 Latvia Gaskets And Seals Market Imports from Major Countries |
8 Latvia Gaskets And Seals Market Key Performance Indicators |
8.1 Rate of adoption of advanced materials in gaskets and seals production. |
8.2 Percentage of gaskets and seals sales attributed to the automotive industry. |
8.3 Number of new product launches and innovations in the gaskets and seals market. |
9 Latvia Gaskets And Seals Market - Opportunity Assessment |
9.1 Latvia Gaskets And Seals Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Gaskets And Seals Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Gaskets And Seals Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Gaskets And Seals Market - Competitive Landscape |
10.1 Latvia Gaskets And Seals Market Revenue Share, By Companies, 2024 |
10.2 Latvia Gaskets And Seals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |