| Product Code: ETC12580213 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia saw a shift in the low-temperature radiators import market with top exporters including Slovakia, Lithuania, Turkey, UK, and Estonia. The market exhibited a decrease in concentration levels from high to moderate, indicating a more diversified import landscape. The industry experienced a significant decline with a CAGR of -27.92% from 2020 to 2024, and a sharp growth rate decrease of -72.14% from 2023 to 2024. These trends suggest a challenging environment for low-temperature radiator imports in Latvia, emphasizing the need for strategic adjustments and market insights for stakeholders.

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 Low Temperature Radiators Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Low Temperature Radiators Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Low Temperature Radiators Market - Industry Life Cycle |
3.4 Latvia Low Temperature Radiators Market - Porter's Five Forces |
3.5 Latvia Low Temperature Radiators Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Low Temperature Radiators Market Revenues & Volume Share, By Radiator Type, 2021 & 2031F |
3.7 Latvia Low Temperature Radiators Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Latvia Low Temperature Radiators Market Revenues & Volume Share, By Heating System Compatibility, 2021 & 2031F |
3.9 Latvia Low Temperature Radiators Market Revenues & Volume Share, By Design Features, 2021 & 2031F |
4 Latvia Low Temperature Radiators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions |
4.2.2 Growing focus on sustainability and environmentally friendly products |
4.2.3 Government regulations promoting the use of low temperature radiators |
4.3 Market Restraints |
4.3.1 High initial installation costs compared to traditional radiators |
4.3.2 Limited awareness and penetration of low temperature radiators in the market |
4.3.3 Competition from alternative heating technologies |
5 Latvia Low Temperature Radiators Market Trends |
6 Latvia Low Temperature Radiators Market, By Types |
6.1 Latvia Low Temperature Radiators Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Low Temperature Radiators Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Latvia Low Temperature Radiators Market Revenues & Volume, By Residential, 2021 - 2031F |
6.1.4 Latvia Low Temperature Radiators Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.1.5 Latvia Low Temperature Radiators Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2 Latvia Low Temperature Radiators Market, By Radiator Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Low Temperature Radiators Market Revenues & Volume, By Panel, 2021 - 2031F |
6.2.3 Latvia Low Temperature Radiators Market Revenues & Volume, By Tubular, 2021 - 2031F |
6.2.4 Latvia Low Temperature Radiators Market Revenues & Volume, By Designer, 2021 - 2031F |
6.3 Latvia Low Temperature Radiators Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Latvia Low Temperature Radiators Market Revenues & Volume, By Steel, 2021 - 2031F |
6.3.3 Latvia Low Temperature Radiators Market Revenues & Volume, By Aluminium, 2021 - 2031F |
6.3.4 Latvia Low Temperature Radiators Market Revenues & Volume, By Copper, 2021 - 2031F |
6.4 Latvia Low Temperature Radiators Market, By Heating System Compatibility |
6.4.1 Overview and Analysis |
6.4.2 Latvia Low Temperature Radiators Market Revenues & Volume, By Condensing Boilers, 2021 - 2031F |
6.4.3 Latvia Low Temperature Radiators Market Revenues & Volume, By Heat Pumps, 2021 - 2031F |
6.5 Latvia Low Temperature Radiators Market, By Design Features |
6.5.1 Overview and Analysis |
6.5.2 Latvia Low Temperature Radiators Market Revenues & Volume, By Low Surface Temperature (LST), 2021 - 2031F |
6.5.3 Latvia Low Temperature Radiators Market Revenues & Volume, By Large Heat Transfer Surface, 2021 - 2031F |
7 Latvia Low Temperature Radiators Market Import-Export Trade Statistics |
7.1 Latvia Low Temperature Radiators Market Export to Major Countries |
7.2 Latvia Low Temperature Radiators Market Imports from Major Countries |
8 Latvia Low Temperature Radiators Market Key Performance Indicators |
8.1 Energy efficiency ratings of low temperature radiators |
8.2 Number of government incentives or subsidies supporting the adoption of low temperature radiators |
8.3 Growth in the number of eco-friendly certifications obtained by low temperature radiator manufacturers |
9 Latvia Low Temperature Radiators Market - Opportunity Assessment |
9.1 Latvia Low Temperature Radiators Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Low Temperature Radiators Market Opportunity Assessment, By Radiator Type, 2021 & 2031F |
9.3 Latvia Low Temperature Radiators Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Latvia Low Temperature Radiators Market Opportunity Assessment, By Heating System Compatibility, 2021 & 2031F |
9.5 Latvia Low Temperature Radiators Market Opportunity Assessment, By Design Features, 2021 & 2031F |
10 Latvia Low Temperature Radiators Market - Competitive Landscape |
10.1 Latvia Low Temperature Radiators Market Revenue Share, By Companies, 2024 |
10.2 Latvia Low Temperature 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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