Latvia Industrial Explosives Market (2025-2031) | Industry, Size, Trends, Forecast, Growth, Companies, Value, Analysis, Segmentation, Revenue, Outlook & Share
Market Forecast By Type (High Explosives, Blasting Agents), By End-use Industry (Metal Mining, Non-Metal Mining, Quarrying, Construction, Others) And Competitive Landscape
| Product Code: ETC5047670 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia Industrial Explosives Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Latvia continued to rely heavily on industrial explosives imports, with top exporters being Turkey, Lithuania, Switzerland, and the USA. Despite a high concentration of market share among these countries, the industry experienced a significant decline with a CAGR of -6.04% from 2020 to 2024. The growth rate in 2024 plummeted by -81.64%, reflecting challenges faced by the sector. It will be crucial for Latvia to assess market dynamics and seek opportunities for revitalizing the industrial explosives import market in the coming years.
Industrial Explosives Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
By 2027, Latvia's Industrial Explosives market is forecasted to achieve a stable growth rate of 4.07%, with Germany leading the Europe region, followed by France, Italy, Russia and Spain.
Key Highlights of the Report:
- Latvia Industrial Explosives Market Outlook
- Market Size of Latvia Industrial Explosives Market, 2024
- Forecast of Latvia Industrial Explosives Market, 2031
- Historical Data and Forecast of Latvia Industrial Explosives Revenues & Volume for the Period 2021-2031
- Latvia Industrial Explosives Market Trend Evolution
- Latvia Industrial Explosives Market Drivers and Challenges
- Latvia Industrial Explosives Price Trends
- Latvia Industrial Explosives Porter`s Five Forces
- Latvia Industrial Explosives Industry Life Cycle
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By High Explosives for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Blasting Agents for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By End-use Industry for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Metal Mining for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Non-Metal Mining for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Quarrying for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of Latvia Industrial Explosives Market Revenues & Volume By Others for the Period 2021-2031
- Latvia Industrial Explosives Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By End-use Industry
- Latvia Industrial Explosives Top Companies Market Share
- Latvia Industrial Explosives Competitive Benchmarking By Technical and Operational Parameters
- Latvia Industrial Explosives Company Profiles
- Latvia Industrial Explosives Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Industrial Explosives Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Industrial Explosives Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Industrial Explosives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Industrial Explosives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Industrial Explosives Market - Industry Life Cycle |
3.4 Latvia Industrial Explosives Market - Porter's Five Forces |
3.5 Latvia Industrial Explosives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Industrial Explosives Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Latvia Industrial Explosives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction activities in Latvia, leading to increased demand for industrial explosives. |
4.2.2 Expansion of mining and quarrying operations in the country. |
4.2.3 Technological advancements in the industrial explosives sector, enhancing efficiency and safety. |
4.3 Market Restraints |
4.3.1 Stringent government regulations and environmental concerns regarding the use of industrial explosives. |
4.3.2 Fluctuating raw material prices affecting production costs. |
4.3.3 Competition from alternative methods or technologies for excavation and demolition purposes. |
5 Latvia Industrial Explosives Market Trends |
6 Latvia Industrial Explosives Market Segmentations |
6.1 Latvia Industrial Explosives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Industrial Explosives Market Revenues & Volume, By High Explosives, 2021-2031F |
6.1.3 Latvia Industrial Explosives Market Revenues & Volume, By Blasting Agents, 2021-2031F |
6.2 Latvia Industrial Explosives Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Industrial Explosives Market Revenues & Volume, By Metal Mining, 2021-2031F |
6.2.3 Latvia Industrial Explosives Market Revenues & Volume, By Non-Metal Mining, 2021-2031F |
6.2.4 Latvia Industrial Explosives Market Revenues & Volume, By Quarrying, 2021-2031F |
6.2.5 Latvia Industrial Explosives Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Latvia Industrial Explosives Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Industrial Explosives Market Import-Export Trade Statistics |
7.1 Latvia Industrial Explosives Market Export to Major Countries |
7.2 Latvia Industrial Explosives Market Imports from Major Countries |
8 Latvia Industrial Explosives Market Key Performance Indicators |
8.1 Number of construction permits issued in Latvia. |
8.2 Volume of mineral production in mining and quarrying sector. |
8.3 Adoption rate of innovative blasting technologies in the industry. |
8.4 Compliance rate with environmental regulations related to industrial explosives handling. |
8.5 Percentage change in research and development investments in industrial explosives sector. |
9 Latvia Industrial Explosives Market - Opportunity Assessment |
9.1 Latvia Industrial Explosives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Industrial Explosives Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Latvia Industrial Explosives Market - Competitive Landscape |
10.1 Latvia Industrial Explosives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Industrial Explosives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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