Latvia Magnesium Market (2025-2031) | Growth, Outlook, Analysis, Revenue, Industry, Share, Size, Forecast, Trends, Value, Companies & Segmentation
Market Forecast By Manufacturing Process (Thermal Reduction Process, Electrolytic Process, Recycling), By Product (Pure Magnesium, Magnesium Compounds, Magnesium Alloys, Others), By Application (Die casting, Aluminum alloys, Titanium reduction, Iron & steelmaking, others), By End-Use Industry (Aerospace & Defense, Automotive, Construction, Medical and Healthcare, Packaging, Electronics, others) And Competitive Landscape
| Product Code: ETC4860140 | 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 Magnesium Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Despite a decline in the growth rate of Latvia`s magnesium import shipments in 2024, the market continues to be dominated by a few key exporters including China, UK, Ukraine, Germany, and Estonia. The High Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration, suggesting limited competition among suppliers. The significant negative Compound Annual Growth Rate (CAGR) from 2020 to 2024 highlights challenges in the magnesium import market in Latvia. The drastic decline in growth rate from 2023 to 2024 further underscores the need for strategic planning and diversification in the industry.
Magnesium Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Magnesium market in Latvia is projected to grow at a stable growth rate of 4.60% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Key Highlights of the Report:
- Latvia Magnesium Market Outlook
- Market Size of Latvia Magnesium Market, 2024
- Forecast of Latvia Magnesium Market, 2031
- Historical Data and Forecast of Latvia Magnesium Revenues & Volume for the Period 2021-2031
- Latvia Magnesium Market Trend Evolution
- Latvia Magnesium Market Drivers and Challenges
- Latvia Magnesium Price Trends
- Latvia Magnesium Porter`s Five Forces
- Latvia Magnesium Industry Life Cycle
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Manufacturing Process for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Thermal Reduction Process for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Electrolytic Process for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Recycling for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Pure Magnesium for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Magnesium Compounds for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Magnesium Alloys for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Die casting for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Aluminum alloys for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Titanium reduction for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Iron & steelmaking for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By others for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By End-Use Industry for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Medical and Healthcare for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Packaging for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By Electronics for the Period 2021-2031
- Historical Data and Forecast of Latvia Magnesium Market Revenues & Volume By others for the Period 2021-2031
- Latvia Magnesium Import Export Trade Statistics
- Market Opportunity Assessment By Manufacturing Process
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End-Use Industry
- Latvia Magnesium Top Companies Market Share
- Latvia Magnesium Competitive Benchmarking By Technical and Operational Parameters
- Latvia Magnesium Company Profiles
- Latvia Magnesium Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Magnesium 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 Magnesium 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 Magnesium Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Magnesium Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Magnesium Market - Industry Life Cycle |
3.4 Latvia Magnesium Market - Porter's Five Forces |
3.5 Latvia Magnesium Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.6 Latvia Magnesium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Latvia Magnesium Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Magnesium Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Latvia Magnesium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for magnesium in automotive and aerospace industries due to its lightweight and high strength properties |
4.2.2 Growing awareness about the health benefits of magnesium leading to its increased use in supplements and healthcare products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of magnesium due to global market dynamics and supply chain disruptions |
4.3.2 Environmental concerns related to magnesium production processes and waste management |
5 Latvia Magnesium Market Trends |
6 Latvia Magnesium Market Segmentations |
6.1 Latvia Magnesium Market, By Manufacturing Process |
6.1.1 Overview and Analysis |
6.1.2 Latvia Magnesium Market Revenues & Volume, By Thermal Reduction Process, 2021-2031F |
6.1.3 Latvia Magnesium Market Revenues & Volume, By Electrolytic Process, 2021-2031F |
6.1.4 Latvia Magnesium Market Revenues & Volume, By Recycling, 2021-2031F |
6.2 Latvia Magnesium Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Magnesium Market Revenues & Volume, By Pure Magnesium, 2021-2031F |
6.2.3 Latvia Magnesium Market Revenues & Volume, By Magnesium Compounds, 2021-2031F |
6.2.4 Latvia Magnesium Market Revenues & Volume, By Magnesium Alloys, 2021-2031F |
6.2.5 Latvia Magnesium Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Magnesium Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Magnesium Market Revenues & Volume, By Die casting, 2021-2031F |
6.3.3 Latvia Magnesium Market Revenues & Volume, By Aluminum alloys, 2021-2031F |
6.3.4 Latvia Magnesium Market Revenues & Volume, By Titanium reduction, 2021-2031F |
6.3.5 Latvia Magnesium Market Revenues & Volume, By Iron & steelmaking, 2021-2031F |
6.3.6 Latvia Magnesium Market Revenues & Volume, By others, 2021-2031F |
6.4 Latvia Magnesium Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Magnesium Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.4.3 Latvia Magnesium Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Latvia Magnesium Market Revenues & Volume, By Construction, 2021-2031F |
6.4.5 Latvia Magnesium Market Revenues & Volume, By Medical and Healthcare, 2021-2031F |
6.4.6 Latvia Magnesium Market Revenues & Volume, By Packaging, 2021-2031F |
6.4.7 Latvia Magnesium Market Revenues & Volume, By Electronics, 2021-2031F |
7 Latvia Magnesium Market Import-Export Trade Statistics |
7.1 Latvia Magnesium Market Export to Major Countries |
7.2 Latvia Magnesium Market Imports from Major Countries |
8 Latvia Magnesium Market Key Performance Indicators |
8.1 Percentage of magnesium used in lightweight components in the automotive and aerospace industries |
8.2 Number of new product launches containing magnesium in the healthcare and supplement sectors |
8.3 Research and development investment in sustainable magnesium production technologies |
8.4 Carbon footprint reduction initiatives in the magnesium production industry |
9 Latvia Magnesium Market - Opportunity Assessment |
9.1 Latvia Magnesium Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
9.2 Latvia Magnesium Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Latvia Magnesium Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Magnesium Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Latvia Magnesium Market - Competitive Landscape |
10.1 Latvia Magnesium Market Revenue Share, By Companies, 2024 |
10.2 Latvia Magnesium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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