From 2013 to 2023, the per capita volume of women's or girls' blouses, shirts, and shirt-blouses made of knitted or crocheted textiles in Latvia has experienced a steady decline. In 2023, the market size volume reached 0.18 s per capita. The year-on-year decline from 2022 to 2023 was approximately 5.3%. The compound annual growth rate (CAGR) over the last five years is -3.9%, highlighting a consistent decrease in consumption per capita.
Future trends to watch include:
- Potential recovery in disposable income, influencing fashion spending.
- Growth of sustainable and niche clothing markets.
- Impact of online retail and fast fashion dynamics on market size.
