From 2013 to 2023, the Latvian market for men's and boys' underpants and briefs of textile fabric not knitted or crocheted showed significant growth. The market size as of 2023 was valued at 725.76 thousand euros, showcasing a consistent increase over the decade.
The year-on-year growth rate indicated a peak in 2017 with a 14.64% increase, while the CAGR over the past five years averaged around 9.04%, pointing towards stable growth.
Future trends to watch for include:
- Market stabilization post-2023 as growth rates might decelerate.
- Increased competition could lead to product innovation.
- Potential influence of sustainable materials in production impacting market dynamics.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 38,162,000 | 2023 | +2.66% | +2.31% | View data |
| 2 | 2 Austria | 8,073,900 | 2023 | +2.22% | +2.48% | View data |
| 3 | 3 Greece | 5,308,500 | 2023 | +0.077% | +0.8% | View data |
| 4 | 4 Czech Republic | 3,828,400 | 2023 | +4.47% | +4.78% | View data |
| 5 | 5 Finland | 944,710 | 2023 | -2.28% | +1.02% | View data |
| 6 | 6 Latvia | 725,760 | 2023 | +7.58% | +9.04% |
