| Product Code: ETC5737256 | 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 | |
In 2024, Latvia continued to witness a steady inflow of metal replacement imports from key trading partners such as Lithuania, Poland, Sweden, Germany, and China. Despite the diversity of sources, the market remained competitive with low concentration, reflected by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 8.62%, although there was a slight decline in the growth rate from 2023 to 2024 at -5.69%. This suggests a dynamic market environment with potential opportunities for both suppliers and buyers in the metal replacement sector in Latvia.
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 Replacement Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Metal Replacement Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Metal Replacement Market - Industry Life Cycle |
3.4 Latvia Metal Replacement Market - Porter's Five Forces |
3.5 Latvia Metal Replacement Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
3.6 Latvia Metal Replacement Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Metal Replacement Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in industries such as automotive and aerospace |
4.2.2 Growing focus on sustainability and environmental concerns driving the shift towards metal replacement materials |
4.2.3 Technological advancements leading to the development of high-performance metal replacement materials |
4.3 Market Restraints |
4.3.1 High initial costs associated with metal replacement materials compared to traditional metals |
4.3.2 Limited awareness and understanding of the benefits of metal replacement materials among end-users |
4.3.3 Challenges related to the recyclability and disposal of metal replacement materials |
5 Latvia Metal Replacement Market Trends |
6 Latvia Metal Replacement Market Segmentations |
6.1 Latvia Metal Replacement Market, By End Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Metal Replacement Market Revenues & Volume, By Automotive, 2021-2031F |
6.1.3 Latvia Metal Replacement Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.1.4 Latvia Metal Replacement Market Revenues & Volume, By Construction, 2021-2031F |
6.1.5 Latvia Metal Replacement Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.6 Latvia Metal Replacement Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Metal Replacement Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Metal Replacement Market Revenues & Volume, By Engineering Plastics, 2021-2031F |
6.2.3 Latvia Metal Replacement Market Revenues & Volume, By Composites, 2021-2031F |
7 Latvia Metal Replacement Market Import-Export Trade Statistics |
7.1 Latvia Metal Replacement Market Export to Major Countries |
7.2 Latvia Metal Replacement Market Imports from Major Countries |
8 Latvia Metal Replacement Market Key Performance Indicators |
8.1 Adoption rate of metal replacement materials in key industries |
8.2 Number of patents filed for new metal replacement materials and technologies |
8.3 Investment in research and development of metal replacement materials and processes |
9 Latvia Metal Replacement Market - Opportunity Assessment |
9.1 Latvia Metal Replacement Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
9.2 Latvia Metal Replacement Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Metal Replacement Market - Competitive Landscape |
10.1 Latvia Metal Replacement Market Revenue Share, By Companies, 2024 |
10.2 Latvia Metal Replacement Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |