The Eye Make-Up Preparations Market in Latvia experienced fluctuations over the past decade, peaking at 11.82 million USD in 2013. Between 2014 and 2017, a consistent decline was observed, reaching a low of 9.4426 million USD in 2017. A significant recovery occurred in 2018, with a 21.64% increase, stabilizing around 11 million USD from 2019 onwards. In 2023, the market reached 10.534 million USD. Annually, the market faced slight variations, with a recent upward trend suggesting stabilization. The five-year compound annual growth rate (CAGR) stood at -1.72% in 2023.
Future trends to watch for include:
- Shift in consumer preferences towards sustainable and organic products.
- The impact of digital marketing and e-commerce on sales channels.
- Influence of global beauty trends on local consumption patterns.
- Potential market expansion through innovative product launches.
How does Latvia rank in Eye Make-Up Preparations Market Size Value?
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,452,000,000 | 2023 | +3.21% | +3.5% | View data |
| 2 | 2 Japan | 1,536,100,000 | 2023 | +2.96% | +1.8% | View data |
| 3 | 3 United Kingdom | 1,465,000,000 | 2023 | +1.19% | +1.98% | View data |
| 4 | 4 Germany | 1,291,800,000 | 2023 | +1.62% | +1.53% | View data |
| 5 | 5 Canada | 1,056,500,000 | 2023 | +2.11% | +2.2% | View data |
| 36 | 36 Bolivia | 18,665,000 | 2023 | +1.58% | +1.74% | View data |
| 37 | 37 El Salvador | 16,400,000 | 2023 | +1.39% | +1.67% | View data |
| 38 | 38 Latvia | 10,534,000 | 2023 | +0.085% | -1.72% | |
| 39 | 39 Uruguay | 9,132,200 | 2023 | +2.12% | +2.62% | View data |
| 40 | 40 Iceland | 7,164,600 | 2023 | +1.49% | +3.37% | View data |
