| Product Code: ETC4682053 | 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 | |
In 2024, Latvia`s tantalum import shipments continued to showcase a high level of market concentration, with Lithuania, Netherlands, Poland, Austria, and Bulgaria being the top countries exporting to Latvia. Despite a negative Compound Annual Growth Rate (CAGR) of -1.13% from 2020 to 2024, the sector witnessed a significant decline in growth rate from 2023 to 2024, dropping by -72.36%. This suggests a challenging environment for tantalum imports in Latvia, urging stakeholders to closely monitor market dynamics and adapt their strategies to navigate the evolving landscape.
The Tantalum market in Latvia is projected to grow at a stable growth rate of 1.38% 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 Tantalum Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tantalum Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tantalum Market - Industry Life Cycle |
3.4 Latvia Tantalum Market - Porter's Five Forces |
3.5 Latvia Tantalum Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Latvia Tantalum Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Tantalum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for tantalum in the electronics industry due to its use in manufacturing capacitors |
4.2.2 Increasing adoption of tantalum in the automotive sector for the production of components like airbag propellants and ignition systems |
4.2.3 Rising focus on sustainable sourcing of raw materials, leading to a preference for tantalum from conflict-free sources |
4.3 Market Restraints |
4.3.1 Fluctuations in tantalum prices due to supply chain disruptions or geopolitical factors |
4.3.2 Regulatory challenges related to environmental and mining regulations impacting the production and supply of tantalum |
5 Latvia Tantalum Market Trends |
6 Latvia Tantalum Market Segmentations |
6.1 Latvia Tantalum Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tantalum Market Revenues & Volume, By Metal, 2021-2031F |
6.1.3 Latvia Tantalum Market Revenues & Volume, By Carbide, 2021-2031F |
6.1.4 Latvia Tantalum Market Revenues & Volume, By Powder, 2021-2031F |
6.1.5 Latvia Tantalum Market Revenues & Volume, By Alloys, 2021-2031F |
6.1.6 Latvia Tantalum Market Revenues & Volume, By Other Product Forms, 2021-2031F |
6.2 Latvia Tantalum Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tantalum Market Revenues & Volume, By Capacitors, 2021-2031F |
6.2.3 Latvia Tantalum Market Revenues & Volume, By Semiconductors, 2021-2031F |
6.2.4 Latvia Tantalum Market Revenues & Volume, By Engine Turbine Blades, 2021-2031F |
6.2.5 Latvia Tantalum Market Revenues & Volume, By Chemical processing equipment, 2021-2031F |
6.2.6 Latvia Tantalum Market Revenues & Volume, By Medical Equipment, 2021-2031F |
6.2.7 Latvia Tantalum Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Latvia Tantalum Market Import-Export Trade Statistics |
7.1 Latvia Tantalum Market Export to Major Countries |
7.2 Latvia Tantalum Market Imports from Major Countries |
8 Latvia Tantalum Market Key Performance Indicators |
8.1 Tantalum recycling rate in Latvia |
8.2 Number of new applications of tantalum in different industries within Latvia |
8.3 Investment in research and development for tantalum processing technologies in Latvia |
9 Latvia Tantalum Market - Opportunity Assessment |
9.1 Latvia Tantalum Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Latvia Tantalum Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Tantalum Market - Competitive Landscape |
10.1 Latvia Tantalum Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tantalum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |