From 2013 to 2023, the market size volume per capita for handkerchiefs, shawls, scarves, veils, ties, cravats, gloves, and other made-up clothing accessories in Latvia has generally hovered around 0.17 to 0.19 s per capita. In 2023, the figure stood at 0.19 s per capita, consistently maintaining this level since 2018, with the exception of 2020, marked by a slight dip to 0.16.
The year-on-year variation suggests stability post-2020, with no change observed from 2021 to 2023. The average compound annual growth rate (CAGR) for this market over the past five years has been negligible, indicating a flat growth trend overall.
Future trends to watch include:
- An increasing interest in sustainable and environmentally friendly products could drive demand for accessories made from innovative materials.
- Shifts in fashion trends and cultural influences, potentially affecting scarfs and head coverings, might influence market dynamics.
