Latvia Electrical Steel Market (2025-2031) | Forecast, Growth, Industry, Revenue, Share, Companies, Trends, Analysis, Outlook, Size, Value & Segmentation
Market Forecast By Type (Grain-oriented, Non-grain-oriented), By End Use (Energy, Automotive, Household Appliances, Manufacturing, Others), By Application (Transformers, Motors, Inductors, Others) And Competitive Landscape
| Product Code: ETC4920655 | 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 | |
Latvia Electrical Steel Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s electrical steel import market in 2024 saw a significant concentration of shipments from top exporters including Hungary, Lithuania, Poland, Denmark, and Germany. Despite a challenging CAGR of -1.62% from 2020 to 2024, the year-on-year growth rate plummeted by -29.41% from 2023 to 2024. This decline may indicate fluctuating demand or supply chain disruptions. Market players should closely monitor these trends and be prepared to adapt to the changing dynamics of the electrical steel import market in Latvia.
Key Highlights of the Report:
- Latvia Electrical Steel Market Outlook
- Market Size of Latvia Electrical Steel Market, 2024
- Forecast of Latvia Electrical Steel Market, 2031
- Historical Data and Forecast of Latvia Electrical Steel Revenues & Volume for the Period 2021-2031
- Latvia Electrical Steel Market Trend Evolution
- Latvia Electrical Steel Market Drivers and Challenges
- Latvia Electrical Steel Price Trends
- Latvia Electrical Steel Porter`s Five Forces
- Latvia Electrical Steel Industry Life Cycle
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Grain-oriented for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Non-grain-oriented for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By End Use for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Energy for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Household Appliances for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Manufacturing for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Transformers for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Motors for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Inductors for the Period 2021-2031
- Historical Data and Forecast of Latvia Electrical Steel Market Revenues & Volume By Others for the Period 2021-2031
- Latvia Electrical Steel Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By End Use
- Market Opportunity Assessment By Application
- Latvia Electrical Steel Top Companies Market Share
- Latvia Electrical Steel Competitive Benchmarking By Technical and Operational Parameters
- Latvia Electrical Steel Company Profiles
- Latvia Electrical Steel Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Electrical Steel Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Electrical Steel Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Electrical Steel Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electrical Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electrical Steel Market - Industry Life Cycle |
3.4 Latvia Electrical Steel Market - Porter's Five Forces |
3.5 Latvia Electrical Steel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Electrical Steel Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 Latvia Electrical Steel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Electrical Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient electrical equipment |
4.2.2 Growth in the construction and infrastructure sectors |
4.2.3 Government initiatives promoting renewable energy sources |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from foreign manufacturers |
4.3.3 Regulatory challenges related to environmental standards |
5 Latvia Electrical Steel Market Trends |
6 Latvia Electrical Steel Market Segmentations |
6.1 Latvia Electrical Steel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electrical Steel Market Revenues & Volume, By Grain-oriented, 2021-2031F |
6.1.3 Latvia Electrical Steel Market Revenues & Volume, By Non-grain-oriented, 2021-2031F |
6.2 Latvia Electrical Steel Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electrical Steel Market Revenues & Volume, By Energy, 2021-2031F |
6.2.3 Latvia Electrical Steel Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Electrical Steel Market Revenues & Volume, By Household Appliances, 2021-2031F |
6.2.5 Latvia Electrical Steel Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.6 Latvia Electrical Steel Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Electrical Steel Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electrical Steel Market Revenues & Volume, By Transformers, 2021-2031F |
6.3.3 Latvia Electrical Steel Market Revenues & Volume, By Motors, 2021-2031F |
6.3.4 Latvia Electrical Steel Market Revenues & Volume, By Inductors, 2021-2031F |
6.3.5 Latvia Electrical Steel Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Electrical Steel Market Import-Export Trade Statistics |
7.1 Latvia Electrical Steel Market Export to Major Countries |
7.2 Latvia Electrical Steel Market Imports from Major Countries |
8 Latvia Electrical Steel Market Key Performance Indicators |
8.1 Percentage of electrical steel used in energy-efficient appliances |
8.2 Number of new construction projects utilizing electrical steel |
8.3 Adoption rate of renewable energy sources in the country |
9 Latvia Electrical Steel Market - Opportunity Assessment |
9.1 Latvia Electrical Steel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Electrical Steel Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 Latvia Electrical Steel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Electrical Steel Market - Competitive Landscape |
10.1 Latvia Electrical Steel Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electrical Steel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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