From 2013 to 2023, the women's and girls' underwear and nightwear knitted or crocheted market in Latvia showed a fluctuating trend, with the market size value at $18.551 million in 2023. Despite a peak in 2019, the overall trajectory from 2013 indicates a gradual decline. The year-on-year variations reveal attempts at recovery with increases in 2018 and 2019, but a consistent slide in market size marked the latter years. A CAGR of 0.82% over the last five years suggests modest growth compared to historical data.
Looking ahead, future trends to watch include shifts towards sustainable materials, increased digitalization with e-commerce channels, and changing consumer preferences for comfort amid post-pandemic lifestyles. Monitoring economic developments and consumer spending patterns will be crucial for predicting market direction.
How does Latvia rank in Women and Girls Underwear and Nightwear Knitted or Crocheted Market Size Value?
| # | 37 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,553,400,000 | 2023 | -1.29% | -1.25% | View data |
| 2 | 2 France | 2,262,600,000 | 2023 | -1.22% | -1.42% | View data |
| 3 | 3 Germany | 2,231,000,000 | 2023 | -1.14% | -2.67% | View data |
| 4 | 4 Japan | 2,197,600,000 | 2023 | -8.47% | -8.18% | View data |
| 5 | 5 India | 1,434,800,000 | 2023 | +3.33% | +4.97% | View data |
| 29 | 29 Slovakia | 42,980,000 | 2023 | -2.73% | -1.64% | View data |
| 30 | 30 Bulgaria | 33,678,000 | 2023 | +2.47% | +3% | View data |
| 31 | 31 Latvia | 18,551,000 | 2023 | -0.95% | +0.82% | |
| 32 | 32 Honduras | 11,884,000 | 2023 | +2.43% | +2.79% | View data |
| 33 | 33 Iceland | 11,561,000 | 2023 | +5.63% | +8.11% | View data |
