In 2023, the men's and boys' knitted or crocheted textile market in Latvia reached a value of 6.5008 million Euros. Over the past decade, the market has shown a generally positive growth trend with some fluctuations. A significant growth spurt occurred in 2018 with a 34.7% increase. Overall, from 2019 to 2023, the market demonstrated a compound annual growth rate (CAGR) of 8.68%. The growth continues to be steady, evidenced by year-on-year increases of 4.58% in 2022 and 4.35% in 2023.
Future trends to watch for include shifts in consumer preferences towards sustainable materials, technological advancements in textile production, and the growing influence of e-commerce platforms, which will likely drive the market dynamics in the upcoming years.
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 482,980,000 | 2023 | +2.78% | +3.31% | View data |
| 2 | 2 United Kingdom | 413,320,000 | 2023 | +1.67% | +3.13% | View data |
| 3 | 3 France | 383,240,000 | 2023 | +2.88% | +2.81% | View data |
| 4 | 4 Italy | 250,700,000 | 2023 | -1.84% | -0.78% | View data |
| 5 | 5 Spain | 209,560,000 | 2023 | +0.48% | +0.37% | View data |
| 13 | 13 Denmark | 16,235,000 | 2023 | -7.84% | -6.21% | View data |
| 14 | 14 Slovenia | 12,183,000 | 2023 | +3.62% | -1.97% | View data |
| 15 | 15 Latvia | 6,500,800 | 2023 | +4.35% | +8.68% | |
