The market size value per capita for knitted or crocheted shawls, scarves, mufflers, mantillas, veils, and similar items in Latvia has shown a varied trend over the past decade, ending at 0.63 Euros per capita in 2023. The period between 2013 and 2023 saw fluctuations, with noticeable declines in 2020 and a subsequent recovery in the following years. The last two years experienced a steady increase with 4.92% growth in 2022 and 1.61% in 2023. The five-year CAGR leading to 2023 reflects a modest upward trend.
Future trends to watch include the impact of increased sustainable fashion and potential shifts in consumer preferences towards locally made products. Market dynamics may also be influenced by changes in climatic conditions affecting demand for warmer clothing accessories.
