Market Insights Consumer Apparel Women's Apparel

Shirts & Blouses - Latvia

Latvia

In 2024, the revenue generated in the Shirts & Blouses market in Latvia amounts to US$29.56m.
It is projected to grow annually by 1.83% (CAGR 2024-2029).
In comparison to other countries, in the United States leads the market with a revenue of US$10,580m in 2024.
Looking at the per capita figures, in 2024, each person in Latvia generates US$16.33 in revenue in the Shirts & Blouses market.
This indicates the market's potential and the purchasing power of the population.
Moving on to volume, it is expected that the Shirts & Blouses market will reach a volume of 0.6m pieces units by 2029.
Additionally, there will be a slight volume growth of 0.2% in 2025.
These numbers reflect the demand and popularity of Shirts & Blouses market in the country.
Furthermore, the average volume per person in the Shirts & Blouses market is projected to be 0.3pieces units in 2024.
This figure gives insight into the consumption habits of the population and indicates the market's potential for growth and expansion.
The demand for traditional Latvian folk-inspired embroidered blouses is on the rise among young fashion enthusiasts in Latvia.

Key regions: India, Philippines, Australia, Indonesia, Malaysia

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.