Key Market Indicators
The country was number 45 in 2021, Lithuania overtook with $6,715,900. France, Germany and Italy respectively came in numbers 2, 3 and 4 in this ranking. Sales of leather goods in Latvia are set to reach €3.2 million by 2026, down 2.3% from €3.6 million in 2021. This figure has fallen by 3% each year since 2010. Norway led the rankings in 2021 with €3.6 million. France, Spain and Germany followed in second, third and fourth place. Imports of leather goods in Latvia are projected to reach $16.3 million by 2026, up 2.5% from $14 million in 2021. Demand has risen 12.4% annually since 1999, with the country in 42nd place in 2021. Lithuania overtook Latvia with $14 million, while Germany, France and Italy came second, third and fourth respectively. Exports of leather goods in Latvia are estimated to reach $8.4 million by 2026, up 3.7% from $6.7 million in 2021. Supply has increased 27.2% annually since 1999, with the country in 45th place in 2021. Lithuania overtook Latvia with $6.7 million, while France, Germany and Italy came second, third and fourth respectively.
