| Product Code: ETC7912152 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s globe valve import shipments in 2024 saw significant contributions from Finland, Poland, Italy, Germany, and Spain. The market exhibited moderate concentration levels based on the Herfindahl-Hirschman Index (HHI). With a healthy Compound Annual Growth Rate (CAGR) of 4.44% from 2020 to 2024, the sector experienced a notable growth rate of 5.2% from 2023 to 2024. This data indicates a steady expansion and a diverse import market for globe valves in Latvia, with key players from various countries contributing to the industry`s development.

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 Globe Valve Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Globe Valve Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Globe Valve Market - Industry Life Cycle |
3.4 Latvia Globe Valve Market - Porter's Five Forces |
3.5 Latvia Globe Valve Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Latvia Globe Valve Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for industrial valves in various sectors such as oil gas, water & wastewater, and power generation in Latvia. |
4.2.2 Growing focus on infrastructure development and construction projects driving the demand for globe valves. |
4.2.3 Technological advancements leading to the development of advanced and efficient globe valve products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the manufacturing cost of globe valves. |
4.3.2 Stringent government regulations related to environmental protection and safety standards affecting the production and usage of globe valves. |
5 Latvia Globe Valve Market Trends |
6 Latvia Globe Valve Market, By Types |
6.1 Latvia Globe Valve Market, By End-User Industry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Globe Valve Market Revenues & Volume, By End-User Industry, 2021- 2031F |
6.1.3 Latvia Globe Valve Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.1.4 Latvia Globe Valve Market Revenues & Volume, By Chemical, 2021- 2031F |
6.1.5 Latvia Globe Valve Market Revenues & Volume, By Power & Energy, 2021- 2031F |
6.1.6 Latvia Globe Valve Market Revenues & Volume, By Water & Wastewater Treatment, 2021- 2031F |
7 Latvia Globe Valve Market Import-Export Trade Statistics |
7.1 Latvia Globe Valve Market Export to Major Countries |
7.2 Latvia Globe Valve Market Imports from Major Countries |
8 Latvia Globe Valve Market Key Performance Indicators |
8.1 Average order value per customer in the globe valve market in Latvia. |
8.2 Percentage of repeat customers indicating customer loyalty and satisfaction. |
8.3 Number of new product launches and innovations in the globe valve market. |
9 Latvia Globe Valve Market - Opportunity Assessment |
9.1 Latvia Globe Valve Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Latvia Globe Valve Market - Competitive Landscape |
10.1 Latvia Globe Valve Market Revenue Share, By Companies, 2024 |
10.2 Latvia Globe Valve 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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