| Product Code: ETC4657049 | 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 metal and metallurgy machinery import shipments in 2024 were dominated by top exporting countries such as Germany, Italy, Denmark, China, and Lithuania. The market concentration, as measured by the HHI, significantly increased from 2023 to 2024, indicating a high level of market dominance by key players. The industry experienced a notable decline with a CAGR of -8.0% from 2020 to 2024, and a sharp negative growth rate of -35.21% from 2023 to 2024. These trends suggest a challenging market environment with potential implications for the sector`s competitiveness and market dynamics.

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 & Metallurgy Machinery Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Metal & Metallurgy Machinery Market - Industry Life Cycle |
3.4 Latvia Metal & Metallurgy Machinery Market - Porter's Five Forces |
3.5 Latvia Metal & Metallurgy Machinery Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Latvia Metal & Metallurgy Machinery Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Metal & Metallurgy Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for metal products in various industries |
4.2.2 Technological advancements leading to the adoption of advanced machinery |
4.2.3 Government initiatives to boost the manufacturing sector |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Intense competition from international manufacturers |
4.3.3 Regulatory challenges and compliance requirements |
5 Latvia Metal & Metallurgy Machinery Market Trends |
6 Latvia Metal & Metallurgy Machinery Market Segmentations |
6.1 Latvia Metal & Metallurgy Machinery Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Metal Rolling Machinery, 2021-2031F |
6.1.3 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Steelmaking Equipment, 2021-2031F |
6.1.4 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Ironmaking Equipment, 2021-2031F |
6.2 Latvia Metal & Metallurgy Machinery Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Cutting, 2021-2031F |
6.2.3 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Welding, 2021-2031F |
6.2.4 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Non-Metal Processing, 2021-2031F |
6.2.5 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Additive Manufacturing, 2021-2031F |
6.2.6 Latvia Metal & Metallurgy Machinery Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Metal & Metallurgy Machinery Market Import-Export Trade Statistics |
7.1 Latvia Metal & Metallurgy Machinery Market Export to Major Countries |
7.2 Latvia Metal & Metallurgy Machinery Market Imports from Major Countries |
8 Latvia Metal & Metallurgy Machinery Market Key Performance Indicators |
8.1 Percentage of businesses investing in upgrading machinery |
8.2 Rate of adoption of automation technologies in metal and metallurgy processes |
8.3 Number of new product developments and innovations in the market |
9 Latvia Metal & Metallurgy Machinery Market - Opportunity Assessment |
9.1 Latvia Metal & Metallurgy Machinery Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Latvia Metal & Metallurgy Machinery Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Metal & Metallurgy Machinery Market - Competitive Landscape |
10.1 Latvia Metal & Metallurgy Machinery Market Revenue Share, By Companies, 2024 |
10.2 Latvia Metal & Metallurgy Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |