The Made-Up Textile Articles Market in Latvia showed fluctuating trends from 2013 to 2023, with marked growth spikes in 2016 and 2018 but significant decline by 2019. By 2023, the market size stood at 35.871 Million Euros. Year-on-year variations were notable, with 2022 experiencing a robust 12.95% increase compared to the previous year, followed by a mere 0.63% uptrend in 2023. The CAGR over the last five years stood at -2.35%, reflecting a decrease in the market size on average annually.
Future trends to watch include potential growth driven by advancements in eco-friendly textiles and an increase in export demand, as well as possible constraints from economic fluctuations and changes in consumer preferences toward sustainable products.
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,502,300,000 | 2023 | +1.82% | +2.91% | View data |
| 2 | 2 United Kingdom | 5,139,400,000 | 2023 | +1.16% | +2.46% | View data |
| 3 | 3 France | 4,871,200,000 | 2023 | +0.91% | +0.93% | View data |
| 4 | 4 Italy | 2,883,900,000 | 2023 | -4.48% | -0.59% | View data |
| 5 | 5 Spain | 2,452,600,000 | 2023 | +1.82% | +2.01% | View data |
| 15 | 15 Croatia | 173,560,000 | 2023 | +3.32% | -1.8% | View data |
| 16 | 16 Estonia | 65,072,000 | 2023 | -0.86% | -0.041% | View data |
| 17 | 17 Latvia | 35,871,000 | 2023 | +0.63% | -2.35% | |
