| Product Code: ETC5321916 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Steel wire import shipments to Latvia experienced a significant increase in concentration in 2024, with top exporters being Turkey, Netherlands, Lithuania, Poland, and Ukraine. The Herfindahl-Hirschman Index (HHI) shifted from moderate to very high concentration, indicating a more consolidated market. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a notable growth rate of 28.18% from 2023 to 2024, suggesting a recent surge in demand for steel wire imports in Latvia. This data highlights evolving trends and dynamics in the Latvian steel wire market.

The Steel Wire market in Latvia is projected to grow at a stable growth rate of 3.05% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Steel Wire Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Steel Wire Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Steel Wire Market - Industry Life Cycle |
3.4 Latvia Steel Wire Market - Porter's Five Forces |
3.5 Latvia Steel Wire Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Steel Wire Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Steel Wire Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.8 Latvia Steel Wire Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Latvia Steel Wire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for steel wire in construction and infrastructure projects in Latvia |
4.2.2 Increasing use of steel wire in automotive and manufacturing industries |
4.2.3 Technological advancements in steel wire production processes |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from substitute materials like aluminum and plastics |
4.3.3 Environmental regulations and sustainability concerns affecting steel wire production |
5 Latvia Steel Wire Market Trends |
6 Latvia Steel Wire Market Segmentations |
6.1 Latvia Steel Wire Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Steel Wire Market Revenues & Volume, By Non-rope, 2021-2031F |
6.1.3 Latvia Steel Wire Market Revenues & Volume, By Rope, 2021-2031F |
6.2 Latvia Steel Wire Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Steel Wire Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.2.3 Latvia Steel Wire Market Revenues & Volume, By Alloy Steel, 2021-2031F |
6.2.4 Latvia Steel Wire Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.3 Latvia Steel Wire Market, By Thickness |
6.3.1 Overview and Analysis |
6.3.2 Latvia Steel Wire Market Revenues & Volume, By 0.01 mm to 0.8 mm, 2021-2031F |
6.3.3 Latvia Steel Wire Market Revenues & Volume, By 0.8 mm to 1.6 mm, 2021-2031F |
6.3.4 Latvia Steel Wire Market Revenues & Volume, By 1.6 mm to 4 mm, 2021-2031F |
6.3.5 Latvia Steel Wire Market Revenues & Volume, By 4 mm & above, 2021-2031F |
6.4 Latvia Steel Wire Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Steel Wire Market Revenues & Volume, By Construction, 2021-2031F |
6.4.3 Latvia Steel Wire Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Latvia Steel Wire Market Revenues & Volume, By Energy, 2021-2031F |
6.4.5 Latvia Steel Wire Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Latvia Steel Wire Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.7 Latvia Steel Wire Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Steel Wire Market Import-Export Trade Statistics |
7.1 Latvia Steel Wire Market Export to Major Countries |
7.2 Latvia Steel Wire Market Imports from Major Countries |
8 Latvia Steel Wire Market Key Performance Indicators |
8.1 Average selling price of steel wire |
8.2 Percentage of steel wire used in construction projects |
8.3 Number of new product developments in the steel wire market |
8.4 Energy efficiency and carbon footprint reduction in steel wire production |
8.5 Adoption rate of advanced steel wire technologies |
9 Latvia Steel Wire Market - Opportunity Assessment |
9.1 Latvia Steel Wire Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Steel Wire Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Steel Wire Market Opportunity Assessment, By Thickness, 2021 & 2031F |
9.4 Latvia Steel Wire Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Latvia Steel Wire Market - Competitive Landscape |
10.1 Latvia Steel Wire Market Revenue Share, By Companies, 2024 |
10.2 Latvia Steel Wire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |