| Product Code: ETC12356533 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia continued to rely on imports of heating radiators, with top exporters being Poland, Turkey, Germany, Estonia, and Lithuania. Despite a high concentration level indicated by the HHI, the market experienced a decline with a CAGR of -4.01% from 2020 to 2024. Furthermore, the growth rate in 2024 showed a further decrease of -6.63% compared to the previous year. These trends suggest a challenging environment for the heating radiators import market in Latvia, potentially impacted by various factors influencing demand and supply dynamics.

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 Heating Radiators Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Heating Radiators Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Heating Radiators Market - Industry Life Cycle |
3.4 Latvia Heating Radiators Market - Porter's Five Forces |
3.5 Latvia Heating Radiators Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Heating Radiators Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Heating Radiators Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
3.8 Latvia Heating Radiators Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Heating Radiators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Heating Radiators Market Trends |
6 Latvia Heating Radiators Market, By Types |
6.1 Latvia Heating Radiators Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Heating Radiators Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Heating Radiators Market Revenues & Volume, By Panel Radiators, 2021 - 2031F |
6.1.4 Latvia Heating Radiators Market Revenues & Volume, By Column Radiators, 2021 - 2031F |
6.1.5 Latvia Heating Radiators Market Revenues & Volume, By Designer Radiators, 2021 - 2031F |
6.1.6 Latvia Heating Radiators Market Revenues & Volume, By Electric Radiators, 2021 - 2031F |
6.2 Latvia Heating Radiators Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Heating Radiators Market Revenues & Volume, By Steel, 2021 - 2031F |
6.2.3 Latvia Heating Radiators Market Revenues & Volume, By Aluminum, 2021 - 2031F |
6.2.4 Latvia Heating Radiators Market Revenues & Volume, By Cast Iron, 2021 - 2031F |
6.2.5 Latvia Heating Radiators Market Revenues & Volume, By Copper, 2021 - 2031F |
6.3 Latvia Heating Radiators Market, By Installation Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Heating Radiators Market Revenues & Volume, By Wall-Hung, 2021 - 2031F |
6.3.3 Latvia Heating Radiators Market Revenues & Volume, By Free-Standing, 2021 - 2031F |
6.3.4 Latvia Heating Radiators Market Revenues & Volume, By Recessed, 2021 - 2031F |
6.4 Latvia Heating Radiators Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Heating Radiators Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 Latvia Heating Radiators Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Latvia Heating Radiators Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Latvia Heating Radiators Market Import-Export Trade Statistics |
7.1 Latvia Heating Radiators Market Export to Major Countries |
7.2 Latvia Heating Radiators Market Imports from Major Countries |
8 Latvia Heating Radiators Market Key Performance Indicators |
9 Latvia Heating Radiators Market - Opportunity Assessment |
9.1 Latvia Heating Radiators Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Heating Radiators Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Heating Radiators Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
9.4 Latvia Heating Radiators Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Heating Radiators Market - Competitive Landscape |
10.1 Latvia Heating Radiators Market Revenue Share, By Companies, 2024 |
10.2 Latvia Heating Radiators 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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