| Product Code: ETC5392140 | 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 | |
Latvia`s nickel alloys import market saw significant growth in 2024, with Metropolitan France and Germany emerging as top exporters to the country. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 105.79% from 2020 to 2024 highlights the robust expansion in demand. Moreover, the staggering growth rate of 250.56% from 2023 to 2024 underscores the accelerating pace of import shipments, signaling a promising outlook for the nickel alloys market in Latvia.
By 2027, Latvia's Nickel Alloys market is forecasted to achieve a stable growth rate of 2.36%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Nickel Alloys Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Nickel Alloys Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Nickel Alloys Market - Industry Life Cycle |
3.4 Latvia Nickel Alloys Market - Porter's Five Forces |
3.5 Latvia Nickel Alloys Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Latvia Nickel Alloys Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Nickel Alloys Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the aerospace industry for nickel alloys due to their high strength and corrosion resistance properties. |
4.2.2 Increasing applications of nickel alloys in the automotive sector for manufacturing lightweight and fuel-efficient components. |
4.2.3 Rising adoption of nickel alloys in the oil and gas industry for equipment used in harsh environments. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of nickel in the global market impacting the overall cost of nickel alloys. |
4.3.2 Environmental regulations and concerns regarding the mining and processing of nickel alloys. |
4.3.3 Competition from alternative materials such as stainless steel and titanium alloys affecting the market growth. |
5 Latvia Nickel Alloys Market Trends |
6 Latvia Nickel Alloys Market Segmentations |
6.1 Latvia Nickel Alloys Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Latvia Nickel Alloys Market Revenues & Volume, By Corrosion Resistant Alloys, 2021-2031F |
6.1.3 Latvia Nickel Alloys Market Revenues & Volume, By High Performance Alloys, 2021-2031F |
6.1.4 Latvia Nickel Alloys Market Revenues & Volume, By Electronic Alloys, 2021-2031F |
6.1.5 Latvia Nickel Alloys Market Revenues & Volume, By Heat Resistant Alloys, 2021-2031F |
6.1.6 Latvia Nickel Alloys Market Revenues & Volume, By Each function is further described in detail in the report with value forecasts until 2024., 2021-2031F |
6.2 Latvia Nickel Alloys Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Nickel Alloys Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.3 Latvia Nickel Alloys Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.4 Latvia Nickel Alloys Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.5 Latvia Nickel Alloys Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.6 Latvia Nickel Alloys Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.2.7 Latvia Nickel Alloys Market Revenues & Volume, By Automotive, 2021-2031F |
7 Latvia Nickel Alloys Market Import-Export Trade Statistics |
7.1 Latvia Nickel Alloys Market Export to Major Countries |
7.2 Latvia Nickel Alloys Market Imports from Major Countries |
8 Latvia Nickel Alloys Market Key Performance Indicators |
8.1 Percentage increase in research and development investment in nickel alloy technologies. |
8.2 Number of new product developments and innovations in the nickel alloys market. |
8.3 Growth in the number of strategic partnerships and collaborations between nickel alloy manufacturers and end-user industries. |
9 Latvia Nickel Alloys Market - Opportunity Assessment |
9.1 Latvia Nickel Alloys Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Latvia Nickel Alloys Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Nickel Alloys Market - Competitive Landscape |
10.1 Latvia Nickel Alloys Market Revenue Share, By Companies, 2024 |
10.2 Latvia Nickel Alloys Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |