The market for men's or boys' shirts made of textile fabric, not knitted or crocheted, in Latvia has shown a fluctuating trend in the past decade. Starting at a volume of 455,000 units in 2013, the market experienced slight growth and eventual decline. By 2023, the volume stood at 371,100 units, showing a year-on-year decline of 3.3%. Over the last two years, the market further contracted with consistent decline while the compound annual growth rate (CAGR) for the last five years was approximately -3.25%.
Future trends to watch for include potential market stabilization or continued decline driven by shifts in consumer preferences, possibly leaning towards knitted or other types of materials, along with changes in economic conditions affecting consumer purchasing power. Additionally, sustainability and eco-friendly textile trends may impact the market trajectory.
