| Product Code: ETC5393071 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see a significant presence of high performance alloy imports, with top exporting countries being the USA, China, Germany, Denmark, and Hong Kong. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) for 2020-24 declined sharply at -19.71%. Furthermore, the growth rate from 2023-24 plummeted by -52.68%, suggesting a challenging environment for high performance alloy imports into Latvia. Market players need to closely monitor these trends and adapt strategies to navigate the evolving landscape effectively.

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 High Performance Alloys Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia High Performance Alloys Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia High Performance Alloys Market - Industry Life Cycle |
3.4 Latvia High Performance Alloys Market - Porter's Five Forces |
3.5 Latvia High Performance Alloys Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
4 Latvia High Performance Alloys Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for high performance alloys in the aerospace industry |
4.2.2 Increasing usage of high performance alloys in automotive applications for lightweighting and performance enhancement |
4.2.3 Rising investments in research and development for advanced materials in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of high performance alloys |
4.3.2 Intense competition from established global players in the high performance alloys market in Latvia |
5 Latvia High Performance Alloys Market Trends |
6 Latvia High Performance Alloys Market Segmentations |
6.1 Latvia High Performance Alloys Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia High Performance Alloys Market Revenues & Volume, By Iron, 2021-2031F |
6.1.3 Latvia High Performance Alloys Market Revenues & Volume, By Aluminum, 2021-2031F |
6.1.4 Latvia High Performance Alloys Market Revenues & Volume, By Titanium, 2021-2031F |
6.1.5 Latvia High Performance Alloys Market Revenues & Volume, By Magnesium, 2021-2031F |
7 Latvia High Performance Alloys Market Import-Export Trade Statistics |
7.1 Latvia High Performance Alloys Market Export to Major Countries |
7.2 Latvia High Performance Alloys Market Imports from Major Countries |
8 Latvia High Performance Alloys Market Key Performance Indicators |
8.1 Percentage increase in the number of patents related to high performance alloys filed by Latvian companies |
8.2 Growth in the number of collaborations between Latvian high performance alloy manufacturers and research institutions |
8.3 Percentage increase in the adoption of high performance alloys in emerging industries in Latvia |
9 Latvia High Performance Alloys Market - Opportunity Assessment |
9.1 Latvia High Performance Alloys Market Opportunity Assessment, By Material Type, 2021 & 2031F |
10 Latvia High Performance Alloys Market - Competitive Landscape |
10.1 Latvia High Performance Alloys Market Revenue Share, By Companies, 2024 |
10.2 Latvia High Performance Alloys 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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