| Product Code: ETC5675943 | 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 |
In 2024, Latvia witnessed a shift in welding consumables import sources, with Finland, Poland, Sweden, Lithuania, and Estonia emerging as the top exporting countries. The market saw a transition from low to moderate concentration, indicating a potential shift in supplier dynamics. Despite a negative CAGR of -10.65% from 2020 to 2024, there was a marginal growth of 0.07% in 2024 compared to the previous year. This changing landscape suggests evolving market trends and the need for businesses to adapt to new supplier relationships in the welding consumables sector 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 Welding Consumables Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Welding Consumables Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Welding Consumables Market - Industry Life Cycle |
3.4 Latvia Welding Consumables Market - Porter's Five Forces |
3.5 Latvia Welding Consumables Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Welding Consumables Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
3.7 Latvia Welding Consumables Market Revenues & Volume Share, By Welding Technique, 2021 & 2031F |
4 Latvia Welding Consumables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for welding consumables in various industries such as automotive, construction, and manufacturing. |
4.2.2 Technological advancements in welding processes leading to greater efficiency and quality. |
4.2.3 Government initiatives promoting infrastructure development and industrial growth. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the overall cost of welding consumables. |
4.3.2 Intense competition among market players leading to pricing pressures. |
4.3.3 Environmental regulations and safety standards influencing the choice of welding consumables. |
5 Latvia Welding Consumables Market Trends |
6 Latvia Welding Consumables Market Segmentations |
6.1 Latvia Welding Consumables Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Welding Consumables Market Revenues & Volume, By Stick Electrodes, 2021-2031F |
6.1.3 Latvia Welding Consumables Market Revenues & Volume, By Solid Wires, 2021-2031F |
6.1.4 Latvia Welding Consumables Market Revenues & Volume, By Flux Cored Wires, 2021-2031F |
6.1.5 Latvia Welding Consumables Market Revenues & Volume, By SAW Wires & Fluxes, 2021-2031F |
6.2 Latvia Welding Consumables Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Welding Consumables Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.3 Latvia Welding Consumables Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.4 Latvia Welding Consumables Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 Latvia Welding Consumables Market Revenues & Volume, By Energy, 2021-2031F |
6.2.6 Latvia Welding Consumables Market Revenues & Volume, By Heavy Machinery, 2021-2031F |
6.2.7 Latvia Welding Consumables Market Revenues & Volume, By Shipbuilding, 2021-2031F |
6.3 Latvia Welding Consumables Market, By Welding Technique |
6.3.1 Overview and Analysis |
6.3.2 Latvia Welding Consumables Market Revenues & Volume, By Arc Welding, 2021-2031F |
6.3.3 Latvia Welding Consumables Market Revenues & Volume, By Resistance Welding, 2021-2031F |
6.3.4 Latvia Welding Consumables Market Revenues & Volume, By Oxy-fuel Welding, 2021-2031F |
6.3.5 Latvia Welding Consumables Market Revenues & Volume, By Laser-beam Welding, 2021-2031F |
6.3.6 Latvia Welding Consumables Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Welding Consumables Market Import-Export Trade Statistics |
7.1 Latvia Welding Consumables Market Export to Major Countries |
7.2 Latvia Welding Consumables Market Imports from Major Countries |
8 Latvia Welding Consumables Market Key Performance Indicators |
8.1 Adoption rate of advanced welding technologies. |
8.2 Percentage of industries using welding consumables in their manufacturing processes. |
8.3 Number of government projects involving welding activities. |
8.4 Rate of innovation in welding consumables technology. |
8.5 Compliance rate with environmental and safety standards in the welding industry. |
9 Latvia Welding Consumables Market - Opportunity Assessment |
9.1 Latvia Welding Consumables Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Welding Consumables Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
9.3 Latvia Welding Consumables Market Opportunity Assessment, By Welding Technique, 2021 & 2031F |
10 Latvia Welding Consumables Market - Competitive Landscape |
10.1 Latvia Welding Consumables Market Revenue Share, By Companies, 2024 |
10.2 Latvia Welding Consumables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |