Key Market Indicators
Latvian handbag exports are set to drop by 8.1% annually, from 15,130 units in 2021 to 9,330 units by 2026. Since 2005, Latvian supply has decreased by 12.7% each year. Meanwhile, imports are set to decrease by 4% annually, from 63,630 units in 2021 to 50,090 units by 2026. Since 2005, Latvian demand has declined by 9.2% annually. In 2018, Latvia's ranking for handbag exports was 20th, with Austria in the lead at 224 items. France, Spain and Romania came in second, third and fourth respectively.