The Latvian market for women's or girls' blouses, shirts, and shirt-blouses made of non-knitted or crocheted textile fabric has shown varied trends from 2013 to 2023. The market size peaked in 2018 at 792.1 thousand and dipped significantly in 2020. A recovery followed, with the value reaching 792.91 thousand in 2023. Year-on-year growth fluctuated, with notable growth in 2021 at 22.94%, while the Compound Annual Growth Rate (CAGR) over the last five years was minimal at 0.02%, indicating stagnant long-term growth.
Future trends to watch for include:
- Continued recovery post-COVID-induced disruptions, with a potential for steady growth.
- Market adaptations towards sustainable and eco-friendly materials as global and local environmental concerns rise.
- Influence of digital and e-commerce platforms expanding market reach and consumer choices.