Latvia Metal Casting Market (2025-2031) | Size, Share, Segmentation, Revenue, Industry, Value, Analysis, Growth, Companies, Trends, Forecast & Outlook

Name: Latvia Metal Casting Market (2025-2031) | Industry & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Metal Casting Market, Latvia Metal Casting Market, Latvia Metal Casting Market Revenues, Latvia Metal Casting Market Share, Latvia Metal Casting Market Size, Latvia Metal Casting Market Outlook, Latvia Metal Casting Market Report, Latvia Metal Casting Market Competition, Latvia Metal Casting Market Overview, Latvia Metal Casting Market Trends, Latvia Metal Casting Market Forecast

Market Forecast By Process (Gravity Casting, High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), Sand Casting), By Material Type (Aluminum, Cast iron, Magnesium, Zinc, Others), By Application (Body Assemblies, Engine Parts, Transmission Parts), By Components (Alloy Wheels, Battery Housing, Cross Car Beam, Clutch Casing, Crank Cases, Cylinder Heads, Others), By Vehicle Type (Passenger Car, HCV), By Electric & Hybrid Vehicle Type (BEV, HEV, PHEV) And Competitive Landscape

Product Code: ETC4764646	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 Metal Casting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s metal casting import market experienced a significant shift in concentration levels from moderate to low in 2024, indicating a more diversified import landscape. The top exporting countries to Latvia in 2024 include the UK, India, Lithuania, Metropolitan France, and Ukraine, showcasing a broad range of sources for metal casting imports. Despite a negative compound annual growth rate (CAGR) of -6.91% from 2020 to 2024, the market saw a notable growth rate of 26.53% from 2023 to 2024, suggesting a potential rebound and renewed interest in metal casting imports in Latvia.

Latvia Metal Casting Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Metal Casting Market Outlook
Market Size of Latvia Metal Casting Market, 2024
Forecast of Latvia Metal Casting Market, 2031
Historical Data and Forecast of Latvia Metal Casting Revenues & Volume for the Period 2021-2031
Latvia Metal Casting Market Trend Evolution
Latvia Metal Casting Market Drivers and Challenges
Latvia Metal Casting Price Trends
Latvia Metal Casting Porter`s Five Forces
Latvia Metal Casting Industry Life Cycle
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Process for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Gravity Casting for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By High-Pressure Die Casting (HPDC) for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Low-Pressure Die Casting (LPDC) for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Sand Casting for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Material Type for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Aluminum for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Cast iron for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Magnesium for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Zinc for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Body Assemblies for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Engine Parts for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Transmission Parts for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Components for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Alloy Wheels for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Battery Housing for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Cross Car Beam for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Clutch Casing for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Crank Cases for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Cylinder Heads for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Vehicle Type for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Passenger Car for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By HCV for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By Electric & Hybrid Vehicle Type for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By BEV for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By HEV for the Period 2021-2031
Historical Data and Forecast of Latvia Metal Casting Market Revenues & Volume By PHEV for the Period 2021-2031
Latvia Metal Casting Import Export Trade Statistics
Market Opportunity Assessment By Process
Market Opportunity Assessment By Material Type
Market Opportunity Assessment By Application
Market Opportunity Assessment By Components
Market Opportunity Assessment By Vehicle Type
Market Opportunity Assessment By Electric & Hybrid Vehicle Type
Latvia Metal Casting Top Companies Market Share
Latvia Metal Casting Competitive Benchmarking By Technical and Operational Parameters
Latvia Metal Casting Company Profiles
Latvia Metal Casting Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Metal Casting Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Metal Casting Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Metal Casting Market - Industry Life Cycle

3.4 Latvia Metal Casting Market - Porter's Five Forces

3.5 Latvia Metal Casting Market Revenues & Volume Share, By Process, 2021 & 2031F

3.6 Latvia Metal Casting Market Revenues & Volume Share, By Material Type, 2021 & 2031F

3.7 Latvia Metal Casting Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Latvia Metal Casting Market Revenues & Volume Share, By Components, 2021 & 2031F

3.9 Latvia Metal Casting Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F

3.10 Latvia Metal Casting Market Revenues & Volume Share, By Electric & Hybrid Vehicle Type, 2021 & 2031F

4 Latvia Metal Casting Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for metal castings in industries such as automotive, aerospace, and construction

4.2.2 Technological advancements leading to improved efficiency and quality in metal casting processes

4.2.3 Growing emphasis on sustainability and green practices favoring metal casting as a recyclable process

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting production costs

4.3.2 Intense competition from alternative manufacturing processes like 3D printing

4.3.3 Regulatory challenges related to environmental standards and emissions control in metal casting operations

5 Latvia Metal Casting Market Trends

6 Latvia Metal Casting Market Segmentations

6.1 Latvia Metal Casting Market, By Process

6.1.1 Overview and Analysis

6.1.2 Latvia Metal Casting Market Revenues & Volume, By Gravity Casting, 2021-2031F

6.1.3 Latvia Metal Casting Market Revenues & Volume, By High-Pressure Die Casting (HPDC), 2021-2031F

6.1.4 Latvia Metal Casting Market Revenues & Volume, By Low-Pressure Die Casting (LPDC), 2021-2031F

6.1.5 Latvia Metal Casting Market Revenues & Volume, By Sand Casting, 2021-2031F

6.2 Latvia Metal Casting Market, By Material Type

6.2.1 Overview and Analysis

6.2.2 Latvia Metal Casting Market Revenues & Volume, By Aluminum, 2021-2031F

6.2.3 Latvia Metal Casting Market Revenues & Volume, By Cast iron, 2021-2031F

6.2.4 Latvia Metal Casting Market Revenues & Volume, By Magnesium, 2021-2031F

6.2.5 Latvia Metal Casting Market Revenues & Volume, By Zinc, 2021-2031F

6.2.6 Latvia Metal Casting Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Metal Casting Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Metal Casting Market Revenues & Volume, By Body Assemblies, 2021-2031F

6.3.3 Latvia Metal Casting Market Revenues & Volume, By Engine Parts, 2021-2031F

6.3.4 Latvia Metal Casting Market Revenues & Volume, By Transmission Parts, 2021-2031F

6.4 Latvia Metal Casting Market, By Components

6.4.1 Overview and Analysis

6.4.2 Latvia Metal Casting Market Revenues & Volume, By Alloy Wheels, 2021-2031F

6.4.3 Latvia Metal Casting Market Revenues & Volume, By Battery Housing, 2021-2031F

6.4.4 Latvia Metal Casting Market Revenues & Volume, By Cross Car Beam, 2021-2031F

6.4.5 Latvia Metal Casting Market Revenues & Volume, By Clutch Casing, 2021-2031F

6.4.6 Latvia Metal Casting Market Revenues & Volume, By Crank Cases, 2021-2031F

6.4.7 Latvia Metal Casting Market Revenues & Volume, By Cylinder Heads, 2021-2031F

6.5 Latvia Metal Casting Market, By Vehicle Type

6.5.1 Overview and Analysis

6.5.2 Latvia Metal Casting Market Revenues & Volume, By Passenger Car, 2021-2031F

6.5.3 Latvia Metal Casting Market Revenues & Volume, By HCV, 2021-2031F

6.6 Latvia Metal Casting Market, By Electric & Hybrid Vehicle Type

6.6.1 Overview and Analysis

6.6.2 Latvia Metal Casting Market Revenues & Volume, By BEV, 2021-2031F

6.6.3 Latvia Metal Casting Market Revenues & Volume, By HEV, 2021-2031F

6.6.4 Latvia Metal Casting Market Revenues & Volume, By PHEV, 2021-2031F

7 Latvia Metal Casting Market Import-Export Trade Statistics

7.1 Latvia Metal Casting Market Export to Major Countries

7.2 Latvia Metal Casting Market Imports from Major Countries

8 Latvia Metal Casting Market Key Performance Indicators

8.1 Scrap rate: Lower scrap rates indicate improved efficiency and cost-effectiveness in metal casting processes.

8.2 Energy consumption per unit: Monitoring energy consumption helps in assessing the sustainability and operational efficiency of metal casting operations.

8.3 Employee training hours: Increased training hours can indicate a focus on skill development and process optimization within metal casting facilities.

9 Latvia Metal Casting Market - Opportunity Assessment

9.1 Latvia Metal Casting Market Opportunity Assessment, By Process, 2021 & 2031F

9.2 Latvia Metal Casting Market Opportunity Assessment, By Material Type, 2021 & 2031F

9.3 Latvia Metal Casting Market Opportunity Assessment, By Application, 2021 & 2031F

9.4 Latvia Metal Casting Market Opportunity Assessment, By Components, 2021 & 2031F

9.5 Latvia Metal Casting Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F

9.6 Latvia Metal Casting Market Opportunity Assessment, By Electric & Hybrid Vehicle Type, 2021 & 2031F

10 Latvia Metal Casting Market - Competitive Landscape

10.1 Latvia Metal Casting Market Revenue Share, By Companies, 2024

10.2 Latvia Metal Casting Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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