Latvia's market for Knitted or Crocheted T-Shirts, Singlets, and Vests has shown a consistent upward trend from 2013 to 2023, with a noticeable increase in the per capita value from 8.38 Euros to 18.47 Euros. The most significant growth occurred between 2015 and 2019, marked by a substantial year-on-year increase from 12.95 Euros in 2018 to 16.02 Euros in 2019. Over the last two years, the year-on-year growth was 4.99% in 2022 and 2023.
Highlights:
- In 2023, the market value per capita stood at 18.47 Euros.
- Compound annual growth rate (CAGR) over the past five years was approximately 7.38%.
Looking ahead, key trends to watch include the continuous rise in consumer spending, driven by economic growth and increasing disposable income. Sustainability and innovative fashion technologies could further influence market size, offering opportunities for product differentiation and premium pricing.
How does Latvia rank in T-Shirts, Singlets and Vests of Knitted or Crocheted Textiles Market Size Value Per Capita?
| # | 16 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 69.09 | 2023 | View data | ||
| 2 | 2 Slovenia | 42.8 | 2023 | View data | ||
| 3 | 3 United Kingdom | 31.18 | 2023 | View data | ||
| 4 | 4 France | 29.62 | 2023 | View data | ||
| 5 | 5 Finland | 29.42 | 2023 | View data | ||
| 8 | 8 Hungary | 21.49 | 2023 | View data | ||
| 9 | 9 Estonia | 19.52 | 2023 | View data | ||
| 10 | 10 Latvia | 18.47 | 2023 | |||
| 11 | 11 Denmark | 17.38 | 2023 | View data | ||
| 12 | 12 Romania | 17.23 | 2023 | View data | ||
