From 2013 to 2023, the per capita market size volume for men’s or boys’ shirts of textile fabric not knitted or crocheted in Latvia displayed a fluctuating trend. In 2023, this volume stood at 0.20 per capita. Notably, the period between 2013 and 2017 saw stability with minor increases, but a declining trend emerged from 2018 onwards. A more significant decrease occurred from 2018, culminating in a level drop from 0.23 in 2018 to 0.20 in 2023. Over the last two years, the decline was relatively stable at 0%, and the five-year compound annual growth rate (CAGR) was negative.
Looking ahead, factors such as shifting fashion preferences and economic conditions in Latvia may influence future market trends. Sustainability and technological advancements in fabric production could also play significant roles in shaping consumer demand and market dynamics in this sector.
