The market for Men's or Boys' undergarments and similar textile articles in Latvia, as measured in millions, showed a notable increase from 2013 to 2023, despite fluctuations. In 2023, the market stood at 1.4093 million, indicating a steady growth rate in recent years. Over the past two years, the year-on-year growth was 4.48% in 2022 and 3.26% in 2023. The five-year CAGR revealed a modest average annual increase of 0.97%, showing a resilient market posture amidst fluctuating economic conditions.
Future trends to watch include:
- The impact of sustainability trends on textile choices.
- Potential growth from increased online retail channels.
- Consumer preference shifts towards comfort and multifunctional garments.
