
Latvia - Iron or Steel Self-Tapping Screws - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatvia: Metal Self-Tapping Screw Market 2025
Metal Self-Tapping Screw Market Size in Latvia
The Latvian metal self-tapping screw market soared to $X in 2022, surging by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.
Metal Self-Tapping Screw Exports
Exports from Latvia
In 2022, the amount of iron or steel self-tapping screws exported from Latvia stood at X tons, approximately mirroring the previous year. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 689% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.
In value terms, metal self-tapping screw exports dropped to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 239%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.
Exports by Country
Lithuania (X tons) was the main destination for metal self-tapping screw exports from Latvia, with a 66% share of total exports. Moreover, metal self-tapping screw exports to Lithuania exceeded the volume sent to the second major destination, Sweden (X tons), eightfold. The third position in this ranking was taken by Denmark (X tons), with a 7.1% share.
From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+37.2% per year) and Denmark (+101.4% per year).
In value terms, Lithuania ($X) remains the key foreign market for iron or steel self-tapping screws exports from Latvia, comprising 56% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports. It was followed by Denmark, with a 6.7% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania totaled +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+29.7% per year) and Denmark (+91.3% per year).
Export Prices by Country
The average metal self-tapping screw export price stood at $X per ton in 2022, waning by -8.4% against the previous year. Overall, the export price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 an increase of 121% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Tapping Screw Imports
Imports into Latvia
In 2022, the amount of iron or steel self-tapping screws imported into Latvia surged to X tons, increasing by 48% compared with 2021. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, metal self-tapping screw imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Imports by Country
In 2022, Finland (X tons) constituted the largest metal self-tapping screw supplier to Latvia, accounting for a 35% share of total imports. Moreover, metal self-tapping screw imports from Finland exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 13% share.
From 2012 to 2022, the average annual growth rate of volume from Finland stood at +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+111.6% per year) and Taiwan (Chinese) (+4.9% per year).
In value terms, Finland ($X), Germany ($X) and Lithuania ($X) appeared to be the largest metal self-tapping screw suppliers to Latvia, together comprising 47% of total imports. China, Taiwan (Chinese), Sweden, Poland, Estonia, Vietnam and Thailand lagged somewhat behind, together comprising a further 44%.
Among the main suppliers, China, with a CAGR of +114.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average metal self-tapping screw import price stood at $X per ton in 2022, reducing by -13.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the metal self-tapping screw market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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