| Product Code: ETC7918961 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s plug valve import market in 2024 continued to see significant concentration, with top exporters being Finland, Poland, Italy, Spain, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a consolidated market structure. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 4.04%, showing sustained growth. Notably, the growth rate from 2023 to 2024 spiked to 5.51%, indicating an accelerating demand for plug valves in Latvia. The consistent growth and diverse sourcing of imports point to a dynamic and competitive market landscape for plug valve products in the country.

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 Plug Valve Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plug Valve Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plug Valve Market - Industry Life Cycle |
3.4 Latvia Plug Valve Market - Porter's Five Forces |
3.5 Latvia Plug Valve Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Plug Valve Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.7 Latvia Plug Valve Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Latvia Plug Valve Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for plug valves in various industries such as oil gas, water treatment, and chemical processing in Latvia. |
4.2.2 Growing focus on energy efficiency and sustainability, driving the adoption of plug valves over other valve types. |
4.2.3 Technological advancements leading to the development of more efficient and reliable plug valve solutions. |
4.3 Market Restraints |
4.3.1 Intense competition from other types of valves like ball valves and butterfly valves in the Latvian market. |
4.3.2 Volatility in raw material prices impacting the production cost of plug valves. |
4.3.3 Regulatory challenges and compliance requirements affecting the manufacturing and sale of plug valves in Latvia. |
5 Latvia Plug Valve Market Trends |
6 Latvia Plug Valve Market, By Types |
6.1 Latvia Plug Valve Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plug Valve Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Plug Valve Market Revenues & Volume, By Non-Lubricated Plug Valve, 2021- 2031F |
6.1.4 Latvia Plug Valve Market Revenues & Volume, By Lubricated Plug Valve, 2021- 2031F |
6.1.5 Latvia Plug Valve Market Revenues & Volume, By Eccentric Plug Valve, 2021- 2031F |
6.1.6 Latvia Plug Valve Market Revenues & Volume, By Expanding Plug Valve, 2021- 2031F |
6.2 Latvia Plug Valve Market, By Design |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plug Valve Market Revenues & Volume, By Two Way Plug Valve, 2021- 2031F |
6.2.3 Latvia Plug Valve Market Revenues & Volume, By Three-Way Plug Valve, 2021- 2031F |
6.3 Latvia Plug Valve Market, By End-User Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Plug Valve Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.3.3 Latvia Plug Valve Market Revenues & Volume, By Chemical & Petrochemical, 2021- 2031F |
6.3.4 Latvia Plug Valve Market Revenues & Volume, By Water & Wastewater, 2021- 2031F |
6.3.5 Latvia Plug Valve Market Revenues & Volume, By Energy, 2021- 2031F |
7 Latvia Plug Valve Market Import-Export Trade Statistics |
7.1 Latvia Plug Valve Market Export to Major Countries |
7.2 Latvia Plug Valve Market Imports from Major Countries |
8 Latvia Plug Valve Market Key Performance Indicators |
8.1 Percentage increase in the adoption of plug valves across key industries in Latvia. |
8.2 Rate of innovation in plug valve technology and the introduction of new features. |
8.3 Number of partnerships and collaborations between plug valve manufacturers and end-users to enhance product offerings and market reach. |
9 Latvia Plug Valve Market - Opportunity Assessment |
9.1 Latvia Plug Valve Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Plug Valve Market Opportunity Assessment, By Design, 2021 & 2031F |
9.3 Latvia Plug Valve Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Latvia Plug Valve Market - Competitive Landscape |
10.1 Latvia Plug Valve Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plug Valve Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |