The market size volume per capita for men's or boys' shirts of textile fabric not knitted or crocheted in Latvia has shown modest fluctuations from 2013 to 2023. In 2023, the volume per capita stood at 0.20, marking a decline from its peak of 0.25 in 2017. Over the last two years, there has been a consistent year-on-year decrease, with a -4.76% decline in 2022 and stabilizing in 2023. The Compound Annual Growth Rate (CAGR) over the past five years is negative, indicating a gradual downtrend.
Future trends to watch for:
- Potential market stabilization or recovery post-2024, particularly if there is renewed economic growth or changes in consumer preferences.
- Impact of global textile and apparel trends on Latvian consumption patterns.
- Influence of sustainability and eco-friendly practices on market dynamics and consumer demand.
