Key Market Indicators
Latvian Footwear Sales are projected to reach €3.2 million by 2028, up from €3.1 million in 2023. The market is expected to grow at an average annual rate of 0.6%. Historically, the Latvian footwear market has experienced a yearly decline of 1.8% since 2013. In the 2023 rankings, Latvia was positioned 22nd, with Lithuania slightly ahead at €3.1 million. In comparison, Spain, Germany, and Portugal secured the second, third, and fourth spots, respectively, in the same ranking.
