The market for women's and girls' knitted or crocheted textile garments in Latvia showed a positive trend over the last decade. The value per capita increased from €6.93 in 2013 to €16.21 in 2023. This steady growth highlights the rising demand and potential for the sector. The year-on-year growth from 2022 to 2023 was 5.26%. Over the last five years, the compound annual growth rate (CAGR) stood at approximately 6.14%, underlining consistent expansion.
Future trends to watch for include increased demand for sustainable and ethically produced garments, a growing preference for e-commerce shopping, and the influence of fashion trends driven by younger consumers. Additionally, innovations in textile technology may also shape the market dynamics.
How does Latvia rank in Women's or Girls' Suits, Ensembles, Jackets, Blazers, Dresses, Skirts, Divided Skirts, Trousers, Bib and Brace Overalls, Breeches and Shorts of Knitted or Crocheted Textiles Market Size Value Per Capita?
| # | 14 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 53.45 | 2023 | View data | ||
| 2 | 2 Ireland | 45.97 | 2023 | View data | ||
| 3 | 3 Sweden | 28.57 | 2023 | View data | ||
| 4 | 4 Finland | 25.52 | 2023 | View data | ||
| 5 | 5 United Kingdom | 22.75 | 2023 | View data | ||
| 8 | 8 Czech Republic | 16.6 | 2023 | View data | ||
| 9 | 9 Germany | 16.42 | 2023 | View data | ||
| 10 | 10 Latvia | 16.21 | 2023 | |||
| 11 | 11 Spain | 15.44 | 2023 | View data | ||
| 12 | 12 Estonia | 14.75 | 2023 | View data | ||
