The market size value per capita for women and girl blouses and shirts made of cotton in Latvia shows a diminishing trend from 2013 to 2023, indicating a declining interest or purchasing power for these garments. By 2023, the value stood at $1.62, representing a consistent year-on-year decrease observed over the years. Specifically, the period from 2019 to 2023 showed a declining trend with a Compound Annual Growth Rate (CAGR) of approximately -2.62%, indicating an average reduction each year.
Looking forward, potential future trends to monitor include:
- Shifts towards sustainable and ethical fashion impacting cotton demand.
- Potential increases in local fashion production and consumption.
- Changing consumer preferences towards more versatile or synthetic materials.
