The market for men's or boys' underpants and briefs made from knitted or crocheted textiles in Latvia experienced fluctuations from 2013 to 2023. The volume per capita grew steadily from 2018 to 2023, with the value standing at 0.66 in 2023. This indicates a positive trend after a relatively stable period between 2013 and 2017. Year-on-year growth rates highlight a notable increase, particularly in recent years, with a consistent rise of approximately 1.56% per annum over the last five years as reflected by the CAGR.
Future trends to watch for include shifts in consumer preferences towards sustainable textiles, which may influence the market. Additionally, increased digitalization in retail strategies and a focus on e-commerce could lead to further market expansion. Monitoring price sensitivity and competition from international brands will also be crucial for predicting future market dynamics.
