The market for blankets and traveling rugs of synthetic fibers in Latvia showed a steady growth from 2013 to 2023, reaching a value of USD 6.1545 million in 2023. Notably, the year-on-year growth reflected fluctuations with peaks in 2018 and a minor decline in 2019. The Compound Annual Growth Rate (CAGR) over the last five years stood at 3.25%, indicating a moderate and consistent upward trend.
- 2013 to 2018 saw robust growth with notable year-on-year increases, including a peak in 2018.
- A setback occurred in 2019, with the market contracting slightly.
- Post-2020, growth resumed, albeit at a slower pace, particularly over 2022 and 2023.
Future trends indicate potential impacts from evolving consumer preferences towards sustainable and eco-friendly products, possibly influencing demand for synthetic fibers. Additionally, advancements in textile technology and a focus on customization could further shape market dynamics.
How does Latvia rank in Blankets and Travelling Rugs of Synthetic Fibres Market Size Value?
| # | 25 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 679,800,000 | 2023 | -3.21% | -3.97% | View data |
| 2 | 2 United Kingdom | 358,910,000 | 2023 | +2.32% | +2.89% | View data |
| 3 | 3 Canada | 303,720,000 | 2023 | +1.83% | +1.13% | View data |
| 4 | 4 France | 283,320,000 | 2023 | +1.1% | +0.00092% | View data |
| 5 | 5 Australia | 242,370,000 | 2023 | +3.99% | +3.67% | View data |
| 23 | 23 Costa Rica | 10,160,000 | 2023 | +1.44% | +0.71% | View data |
| 24 | 24 Bahrain | 9,661,000 | 2023 | +2.4% | +1.81% | View data |
| 25 | 25 Latvia | 6,154,500 | 2023 | +4.13% | +3.25% | |
