| Product Code: ETC7912934 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s high pressure die casting import market saw a significant surge in 2024, with top exporting countries being China, Indonesia, Italy, Switzerland, and the USA. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a negative compound annual growth rate (CAGR) of -20.17% from 2020 to 2024. However, there was a remarkable growth spurt in 2024 with a growth rate of 258.78% compared to the previous year, indicating potential opportunities for market expansion and diversification in the coming years.

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 High Pressure Die Casting Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia High Pressure Die Casting Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia High Pressure Die Casting Market - Industry Life Cycle |
3.4 Latvia High Pressure Die Casting Market - Porter's Five Forces |
3.5 Latvia High Pressure Die Casting Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Latvia High Pressure Die Casting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia High Pressure Die Casting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in automotive and aerospace industries |
4.2.2 Growing adoption of high pressure die casting for complex and intricate parts |
4.2.3 Government initiatives promoting the use of die casting in manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like aluminum and zinc |
4.3.2 Intense competition from other casting processes like low pressure die casting and sand casting |
4.3.3 Lack of skilled labor and expertise in high pressure die casting technology |
5 Latvia High Pressure Die Casting Market Trends |
6 Latvia High Pressure Die Casting Market, By Types |
6.1 Latvia High Pressure Die Casting Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia High Pressure Die Casting Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 Latvia High Pressure Die Casting Market Revenues & Volume, By Aluminum, 2021- 2031F |
6.1.4 Latvia High Pressure Die Casting Market Revenues & Volume, By Zinc, 2021- 2031F |
6.1.5 Latvia High Pressure Die Casting Market Revenues & Volume, By Magnesium, 2021- 2031F |
6.2 Latvia High Pressure Die Casting Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia High Pressure Die Casting Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Latvia High Pressure Die Casting Market Revenues & Volume, By Electrical and Electronics, 2021- 2031F |
6.2.4 Latvia High Pressure Die Casting Market Revenues & Volume, By Industrial Applications, 2021- 2031F |
6.2.5 Latvia High Pressure Die Casting Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia High Pressure Die Casting Market Import-Export Trade Statistics |
7.1 Latvia High Pressure Die Casting Market Export to Major Countries |
7.2 Latvia High Pressure Die Casting Market Imports from Major Countries |
8 Latvia High Pressure Die Casting Market Key Performance Indicators |
8.1 Scrap rate percentage |
8.2 Machine uptime percentage |
8.3 Energy efficiency index |
8.4 Defect rate per part |
8.5 Customer satisfaction score |
9 Latvia High Pressure Die Casting Market - Opportunity Assessment |
9.1 Latvia High Pressure Die Casting Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Latvia High Pressure Die Casting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia High Pressure Die Casting Market - Competitive Landscape |
10.1 Latvia High Pressure Die Casting Market Revenue Share, By Companies, 2024 |
10.2 Latvia High Pressure Die Casting 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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