| Product Code: ETC4919059 | 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 import shipments of high strength steel in 2024 continued to be dominated by key suppliers such as Sweden, Finland, Poland, Estonia, and Lithuania. Despite a decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 9.1%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges and opportunities for market participants in the high strength steel sector in Latvia.

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 Strength Steel Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia High Strength Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia High Strength Steel Market - Industry Life Cycle |
3.4 Latvia High Strength Steel Market - Porter's Five Forces |
3.5 Latvia High Strength Steel Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia High Strength Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia High Strength Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials for automotive and aerospace industries |
4.2.2 Growing construction and infrastructure development projects in Latvia |
4.2.3 Rising focus on energy efficiency and sustainability in manufacturing industries |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of awareness and expertise in high strength steel applications |
4.3.3 Competition from alternative materials like aluminum and composites |
5 Latvia High Strength Steel Market Trends |
6 Latvia High Strength Steel Market Segmentations |
6.1 Latvia High Strength Steel Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia High Strength Steel Market Revenues & Volume, By Dual Phase Steel, 2021-2031F |
6.1.3 Latvia High Strength Steel Market Revenues & Volume, By Bake Hardenable Steel, 2021-2031F |
6.1.4 Latvia High Strength Steel Market Revenues & Volume, By Carbon Manganese Steel, 2021-2031F |
6.1.5 Latvia High Strength Steel Market Revenues & Volume, By Other Product Types, 2021-2031F |
6.2 Latvia High Strength Steel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia High Strength Steel Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Latvia High Strength Steel Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Latvia High Strength Steel Market Revenues & Volume, By Yellow Goods and Mining Equipment, 2021-2031F |
6.2.5 Latvia High Strength Steel Market Revenues & Volume, By Aviation and Marine, 2021-2031F |
6.2.6 Latvia High Strength Steel Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Latvia High Strength Steel Market Import-Export Trade Statistics |
7.1 Latvia High Strength Steel Market Export to Major Countries |
7.2 Latvia High Strength Steel Market Imports from Major Countries |
8 Latvia High Strength Steel Market Key Performance Indicators |
8.1 Percentage increase in adoption of high strength steel in automotive and aerospace applications |
8.2 Number of new construction projects utilizing high strength steel |
8.3 Percentage reduction in carbon footprint achieved by using high strength steel in manufacturing industries |
9 Latvia High Strength Steel Market - Opportunity Assessment |
9.1 Latvia High Strength Steel Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia High Strength Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia High Strength Steel Market - Competitive Landscape |
10.1 Latvia High Strength Steel Market Revenue Share, By Companies, 2024 |
10.2 Latvia High Strength Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |