In 2023, the market size for Women's or Girls' knitted or crocheted garments in Latvia stood at 29.371 million Euros. Over the last decade, the market experienced significant volatility but showed an overall upward trend. The market saw notable year-on-year growth of 4.51% in 2023. Despite a slight contraction in 2022, the Compound Annual Growth Rate (CAGR) over the last five years was a positive 5.12%, indicating resilience.
Future trends to watch for include:
- Increasing consumer preference for sustainable and eco-friendly clothing options, which may drive demand for innovative textiles.
- Growing impact of digitalization and e-commerce platforms on market reach and accessibility.
- The influence of global fashion trends and economic conditions on consumer spending.
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?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,538,400,000 | 2023 | +0.99% | +1.63% | View data |
| 2 | 2 Germany | 1,427,000,000 | 2023 | +2.06% | +2.14% | View data |
| 3 | 3 France | 1,347,700,000 | 2023 | +3.43% | +5.02% | View data |
| 4 | 4 Spain | 746,030,000 | 2023 | +2.46% | +1.62% | View data |
| 5 | 5 Austria | 481,510,000 | 2023 | +4.25% | +5.18% | View data |
| 11 | 11 Denmark | 72,318,000 | 2023 | -0.61% | +1.08% | View data |
| 12 | 12 Slovenia | 43,981,000 | 2023 | +5.34% | +0.7% | View data |
| 13 | 13 Latvia | 29,371,000 | 2023 | +4.51% | +5.12% | |
| 14 | 14 Estonia | 21,283,000 | 2023 | +4.98% | +3.96% | View data |
