| Product Code: ETC4823698 | 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 |
In 2024, Latvia continued to see a steady flow of screw compressors imports, with top exporters being Germany, Belgium, Italy, Estonia, and China. The market remained concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.47%, showing a consistent but moderate upward trend. The growth rate from 2023 to 2024 was marginal at 0.1%, suggesting a stable market environment for screw compressors 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 Screw Compressors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Screw Compressors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Screw Compressors Market - Industry Life Cycle |
3.4 Latvia Screw Compressors Market - Porter's Five Forces |
3.5 Latvia Screw Compressors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Screw Compressors Market Revenues & Volume Share, By Stage, 2021 & 2031F |
3.7 Latvia Screw Compressors Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Latvia Screw Compressors Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Screw Compressors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient industrial equipment |
4.2.2 Growing manufacturing sector in Latvia |
4.2.3 Government initiatives promoting energy efficiency and sustainability |
4.3 Market Restraints |
4.3.1 High initial investment costs of screw compressors |
4.3.2 Volatility in raw material prices impacting manufacturing costs |
5 Latvia Screw Compressors Market Trends |
6 Latvia Screw Compressors Market Segmentations |
6.1 Latvia Screw Compressors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Screw Compressors Market Revenues & Volume, By Oil-injected, 2021-2031F |
6.1.3 Latvia Screw Compressors Market Revenues & Volume, By Oil-Free, 2021-2031F |
6.2 Latvia Screw Compressors Market, By Stage |
6.2.1 Overview and Analysis |
6.2.2 Latvia Screw Compressors Market Revenues & Volume, By Single-Stage, 2021-2031F |
6.2.3 Latvia Screw Compressors Market Revenues & Volume, By Multi-Stage, 2021-2031F |
6.3 Latvia Screw Compressors Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Screw Compressors Market Revenues & Volume, By Stationary, 2021-2031F | 6.3.3 Latvia Screw Compressors Market Revenues & Volume, By Portable, 2021-2031F |
6.4 Latvia Screw Compressors Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Screw Compressors Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.3 Latvia Screw Compressors Market Revenues & Volume, By Chemicals & Petrochemicals, 2021-2031F |
6.4.4 Latvia Screw Compressors Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.5 Latvia Screw Compressors Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.6 Latvia Screw Compressors Market Revenues & Volume, By Power Plants, 2021-2031F |
6.4.7 Latvia Screw Compressors Market Revenues & Volume, By Mining & Metals, 2021-2031F |
7 Latvia Screw Compressors Market Import-Export Trade Statistics |
7.1 Latvia Screw Compressors Market Export to Major Countries |
7.2 Latvia Screw Compressors Market Imports from Major Countries |
8 Latvia Screw Compressors Market Key Performance Indicators |
8.1 Energy efficiency improvement rate |
8.2 Number of new manufacturing facilities in Latvia adopting screw compressors |
8.3 Percentage of government projects incorporating energy-efficient equipment |
8.4 Average maintenance cost reduction achieved by using screw compressors |
8.5 Number of training programs on energy efficiency conducted in the manufacturing sector |
9 Latvia Screw Compressors Market - Opportunity Assessment |
9.1 Latvia Screw Compressors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Screw Compressors Market Opportunity Assessment, By Stage, 2021 & 2031F |
9.3 Latvia Screw Compressors Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Latvia Screw Compressors Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Screw Compressors Market - Competitive Landscape |
10.1 Latvia Screw Compressors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Screw Compressors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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