Key Market Indicators
Latvia's fabric exports are forecast to reach $20.5 million by 2026, down 0.3% annually from 2021's figure of $20.8 million. Since 1999, Latvian supply has grown 3% year on year. In 2021, Latvia ranked 49th in the world, with South Africa surpassing them at $20.8 million. South Korea, Italy and Germany were the second, third and fourth biggest exporters, respectively. Meanwhile, Latvian fabric imports are predicted to hit $10.3 million by 2026, a decrease of 5.7% annually from 2021's figure of $14.5 million. Since 1999, Latvian demand has dropped by 3.5% year on year. In 2021, the country ranked 84th in the world, with Armenia just ahead at $14.5 million. Indonesia, China and the United States were the second, third and fourth biggest importers, respectively.
