The Latvian market for knitted or crocheted women’s and girls’ clothing, including suits, jackets, dresses, and other garments, has experienced consistent growth in per capita volume since 2013, reaching 1.61 in 2023. From 2021 to 2023, the market grew by 11.0%, and the 5-year compound annual growth rate (CAGR) stands at 6.16%. This indicates a strong upward trend in consumer interest and market expansion in these textile products.
Future trends to watch include:
- Continued demand for sustainable and ethically made garments.
- Potential impacts of economic fluctuations on disposable income and consumer spending.
- Technological advancements in textile manufacturing that may influence production and pricing.