Suits - Latvia
Latvia- In 2024, the revenue generated in the Suits market in Latvia amounts to US$3.27m.
- It is projected that the market will experience an annual growth rate of -4.00% from 2024 to 2029 (CAGR 2024-2029).
- When compared to other countries globally, China generates the highest revenue in this segment, reaching US$3bn in 2024.
- Taking into account the total population figures, the per person revenue generated in the Suits market in Latvia is US$1.81 in 2024.
- Looking ahead, it is estimated that the volume in the Suits market will reach 11.8k pieces units by 2029.
- Additionally, there is an expected volume growth of 0.2% units in 2025.0.
- Considering individual consumption, the average volume per person in the Suits market is projected to be 0.0pieces units in 2024.
- The demand for high-quality, tailored suits in Latvia has surged, reflecting the country's growing appreciation for sophisticated and elegant fashion.
- Key regions:
- Germany,
- Malaysia,
- Philippines,
- India,
- Indonesia
Definition:
The Suits market comprises ensembles that include jacket and suit trousers made of the same material for men. They can optionally be combined with a vest (three-piece suits).
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, sustainable apparel share, and sales channels. Online channel distribution refers to the purchase of physical goods in online retail. In other words, the purchase is concluded via the internet – on a desktop PC, tablet, or smartphone. The offline distribution channel covers all purchases in stationary stores made via telesales or mail orders (e.g., print catalogs).
In-Scope
- Suits
Out-Of-Scope
- Separate jackets, blazers and suit trousers
