The market size for women's or girls' trousers and breeches of denim in Latvia reached 6.9424 million Euros in 2023, peaking after a consistent annual growth since 2016. From 2019 to 2023, the market experienced a robust positive trend, with significant year-on-year increases, notably in 2020 and 2021.
The compound annual growth rate (CAGR) over the past five years stands at 7.2%, demonstrating sustained market expansion and recovery from earlier declines. Recent growth is driven by increased demand, shifts in fashion trends favoring denim, and economic factors supporting consumer purchasing power.
Future trends to watch for include:
-Sustainability practices in manufacturing impacting pricing and consumption patterns.
-Potential shifts towards online retailing influencing market dynamics.
-Global denim fashion trends impacting local consumer preferences.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 552,680,000 | 2023 | +4.45% | +1.4% | View data |
| 2 | 2 Germany | 521,490,000 | 2023 | -0.61% | -2.54% | View data |
| 3 | 3 United Kingdom | 459,350,000 | 2023 | +0.93% | +1.29% | View data |
| 4 | 4 Austria | 110,660,000 | 2023 | +1.18% | +0.48% | View data |
| 5 | 5 Romania | 83,074,000 | 2023 | +1.22% | +0.89% | View data |
| 10 | 10 Finland | 28,841,000 | 2023 | -3.51% | -3.6% | View data |
| 11 | 11 Slovenia | 9,714,000 | 2023 | +1.1% | +2.05% | View data |
| 12 | 12 Latvia | 6,942,400 | 2023 | +6.09% | +7.2% | |
