Between 2013 and 2023, the market for women and girl blouses and shirts made of cotton in Latvia demonstrated a trend characterized primarily by a gradual decline. In 2023, the market value was approximately $2.966 million, marking a significant decrease since 2013. The market experienced fluctuating trends in recent years, with a negative compound annual growth rate (CAGR) of around -2.71% over the last five years, indicating a persistent downward trend. Year-on-year variations for the last two years were -3.5% in 2022 and -3.55% in 2023, signifying consistent reductions.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and eco-friendly clothing options, which could influence demand for cotton garments.
- Potential impact of economic factors on consumer spending habits in the apparel sector.
- Emerging fashion trends that could rejuvenate the market for cotton blouses and shirts among women and girls.