| Product Code: ETC5074137 | 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 |
The import of safety and relief valves to Latvia in 2024 was primarily driven by top exporting countries such as Germany, Poland, Norway (excluding Svalbard and Jan Mayen), Italy, and Lithuania. Despite a high concentration of market share, the industry experienced a moderate Compound Annual Growth Rate (CAGR) of 3.88% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -6.12%, indicating potential challenges in the market that importers and stakeholders should be mindful of.

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 Safety and Relief Valves Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Safety and Relief Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Safety and Relief Valves Market - Industry Life Cycle |
3.4 Latvia Safety and Relief Valves Market - Porter's Five Forces |
3.5 Latvia Safety and Relief Valves Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Latvia Safety and Relief Valves Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.7 Latvia Safety and Relief Valves Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Latvia Safety and Relief Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent safety regulations and standards in Latvia |
4.2.2 Increasing focus on industrial safety and risk management |
4.2.3 Growth in manufacturing and industrial sectors in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment required for installation of safety and relief valves |
4.3.2 Limited awareness and understanding of the importance of safety valves among end-users in Latvia |
5 Latvia Safety and Relief Valves Market Trends |
6 Latvia Safety and Relief Valves Market Segmentations |
6.1 Latvia Safety and Relief Valves Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Safety and Relief Valves Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Latvia Safety and Relief Valves Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.1.4 Latvia Safety and Relief Valves Market Revenues & Volume, By Alloy, 2021-2031F |
6.1.5 Latvia Safety and Relief Valves Market Revenues & Volume, By Cryogenic, 2021-2031F |
6.1.6 Latvia Safety and Relief Valves Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Safety and Relief Valves Market, By Size |
6.2.1 Overview and Analysis |
6.2.2 Latvia Safety and Relief Valves Market Revenues & Volume, By Up To 1? |
6.2.3 Latvia Safety and Relief Valves Market Revenues & Volume, By 1? |
6.2.4 Latvia Safety and Relief Valves Market Revenues & Volume, By 6? |
6.2.5 Latvia Safety and Relief Valves Market Revenues & Volume, By 25? |
6.2.6 Latvia Safety and Relief Valves Market Revenues & Volume, By 50? |
6.3 Latvia Safety and Relief Valves Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Safety and Relief Valves Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Latvia Safety and Relief Valves Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.3.4 Latvia Safety and Relief Valves Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.5 Latvia Safety and Relief Valves Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.6 Latvia Safety and Relief Valves Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.7 Latvia Safety and Relief Valves Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.8 Latvia Safety and Relief Valves Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Safety and Relief Valves Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Safety and Relief Valves Market Import-Export Trade Statistics |
7.1 Latvia Safety and Relief Valves Market Export to Major Countries |
7.2 Latvia Safety and Relief Valves Market Imports from Major Countries |
8 Latvia Safety and Relief Valves Market Key Performance Indicators |
8.1 Percentage increase in the number of safety audits conducted in industrial facilities |
8.2 Number of reported safety incidents in industrial settings |
8.3 Compliance rate with safety regulations and standards in Latvia |
9 Latvia Safety and Relief Valves Market - Opportunity Assessment |
9.1 Latvia Safety and Relief Valves Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Latvia Safety and Relief Valves Market Opportunity Assessment, By Size, 2021 & 2031F |
9.3 Latvia Safety and Relief Valves Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Latvia Safety and Relief Valves Market - Competitive Landscape |
10.1 Latvia Safety and Relief Valves Market Revenue Share, By Companies, 2024 |
10.2 Latvia Safety and Relief Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |