| Product Code: ETC4861071 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s tin import shipments in 2024 continued to see a high level of concentration with top exporting countries being Poland, Italy, Lithuania, Czechia, and Germany. The Herfindahl-Hirschman Index (HHI) remained at a very high level, indicating a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 14.95%, highlighting sustained growth. However, there was a notable decline in growth rate from 2023 to 2024 at -25.08%, signaling potential challenges or shifts in the market dynamics.

In the Europe region, the Tin market in Latvia is projected to expand at a stable growth rate of 0.63% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Tin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tin Market - Industry Life Cycle |
3.4 Latvia Tin Market - Porter's Five Forces |
3.5 Latvia Tin Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Tin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Tin Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Tin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for tin in the electronics industry for manufacturing components like solder and circuit boards. |
4.2.2 Growing adoption of tin in the automotive sector for producing coatings, plating, and solders due to its corrosion resistance properties. |
4.2.3 Rising investments in infrastructure projects in Latvia driving the demand for tin-based products in construction and roofing materials. |
4.3 Market Restraints |
4.3.1 Fluctuations in tin prices in the global market impacting the cost of raw materials for manufacturers in Latvia. |
4.3.2 Environmental regulations and concerns related to tin mining and processing affecting the supply chain and production costs. |
4.3.3 Competition from alternative materials like aluminum and steel posing a challenge to the market growth of tin in Latvia. |
5 Latvia Tin Market Trends |
6 Latvia Tin Market Segmentations |
6.1 Latvia Tin Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tin Market Revenues & Volume, By Metal, 2021-2031F |
6.1.3 Latvia Tin Market Revenues & Volume, By Alloy, 2021-2031F |
6.1.4 Latvia Tin Market Revenues & Volume, By Compounds, 2021-2031F |
6.2 Latvia Tin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tin Market Revenues & Volume, By Solder, 2021-2031F |
6.2.3 Latvia Tin Market Revenues & Volume, By Tin Plating, 2021-2031F |
6.2.4 Latvia Tin Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.5 Latvia Tin Market Revenues & Volume, By Other, 2021-2031F |
6.3 Latvia Tin Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Tin Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Latvia Tin Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.4 Latvia Tin Market Revenues & Volume, By Packaging (Food and Beverage), 2021-2031F |
6.3.5 Latvia Tin Market Revenues & Volume, By Glass, 2021-2031F |
6.3.6 Latvia Tin Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Tin Market Import-Export Trade Statistics |
7.1 Latvia Tin Market Export to Major Countries |
7.2 Latvia Tin Market Imports from Major Countries |
8 Latvia Tin Market Key Performance Indicators |
8.1 Recycling rate of tin in Latvia's manufacturing industry. |
8.2 Percentage of tin used in innovative applications or products. |
8.3 Number of new patents or innovations related to tin-based technologies in Latvia. |
9 Latvia Tin Market - Opportunity Assessment |
9.1 Latvia Tin Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Tin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Tin Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Tin Market - Competitive Landscape |
10.1 Latvia Tin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tin 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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